In this section, we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, podcasts, reports and more.
What we cover in this week’s recap:
Automation Hero wins another award, this time from Intellyx After being honored last week by Deep Analysis with a 2022 Innovation Index Award, IDP provider Automation Hero announced that it has been recognized again. This time by digital transformation analyst firm Intellyx. The IDP provider was awarded with the Intellyx 2022 Digital Innovator Award because its IDP and patent-pending context-aware OCR technologies appeared in several independent benchmark reports where they outperformed industry leaders, as well as because its end-to-end intelligent document processing platform was at the forefront of several AI publications. Stefan Groschupf, Automation Hero’s founder and CEO, commented: “We’re always proud to be recognized for our work, but this award is especially validating given the digital transformation expertise among the Intellyx analysts.”
Laiye and Ciklum partner to bridge the manual work gap IDP provider Laiye announced that it has partnered with digital solutions company Ciklum. The partnership aims to close the gap of manual and repetitive tasks in enterprises. To achieve this, Ciklum’s experience in delivering end-to-end automation solutions and industry expertise will be combined with Laiye’s recently launched Work Execution System (WES). The two companies will collaborate with organizations in Europe in the iGaming, financial services and retail/e-commerce sectors to help their customers improve employee productivity and experience through intelligent automation technologies.
Hyperscience and Plus Platform join forces for real-time access to mortgage data and loan documents IDP provider Hyperscience has announced a partnership with Plus Platform. In this way, the two companies aim to increase efficiency and transparency in the mortgage industry. By integrating Hyperscience’s IDP platform with Plus Platform, mortgage organizations can benefit from built-in classification and extraction of data from loan documentation that is accurate and automated.
Top 5 AI and automation predictions for 2023 Hyperscience interim CEO Charlie Newark-French shares his top five predictions for 2023 in AI, automation and enterprise transformation. Topics revolve around the return to onshore hardware and software development, how robots will augment humans at work, ROI, narrow applications, and how AI regulation is slowly but surely making its way into the conversation.
ABBYY CEO Ulf Persson in talk with Karen Webster Watch this 25-minute video interview with Ulf Persson, CEO of ABBYY, to learn how ABBYY became a pioneer in Optical Character Recognition in the 1990s and how the company has since evolved from the capture market to RPA and now to Intelligent Document Processing and other intelligent automation technologies. Other talking points with Karen Webster, CEO of PYMNTS, focus on the fact that basically every process, regardless of industry, relies on business documents in some way, and how IDP adds intelligence to those processes.
Infrrd CEO Amit Jnagal and SA Ibrahim discuss the AI transformation in the mortgage industry Listen to this 30-minute conversation with Infrrd CEO Amit Jnagal and SA Ibrahim, former CEO of private mortgage insurer Radian, to gain insight into the current and future state of the industry. Among other things, they discuss how Intelligent Document Processing is transforming the mortgage industry by removing bottlenecks and efficiency issues for underwriters. In addition, Amit Jnagal explains that for the majority of clients he speaks with, the most important factor in using their IDP solution is not cost savings, but ease of scalability without the need to add more staff.
Should you build or buy an Intelligent Document Processing solution? In this 45-minute on-demand webinar, you’ll get real-world insights into real estate DMS provider Architrave’s motivations for buying Parashift’s Intelligent Document Processing solution rather than developing it in-house. Based on the entire case study shown in the webinar, it is relatively easy to establish an initial trend as to whether it makes more sense for your company to purchase an IDP solution or develop it yourself. Furthermore, Stefan Fust, CRO at Parashift, provides an overview of why the company was founded in the first place, how the proprietary Document Swarm Learning came into being and why it is the basis of the IDP solution.
See you next week!
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