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:
PLANET AI and Golem.ai partner to improve inbox automation IDP provider PLANET AI announced that it has partnered with Golem.ai, a company that simplifies work through its symbolic AI approach. Golem.ai’s main solution, InboxCare, is a fully automated solution for processing incoming messages in three steps. It categorizes email messages (and their attachments or contact forms), extracts relevant information, and provides smart response drafts. PLANET AI’s Intelligent Document Analysis (IDA) suite for IDP includes powerful OCR, which is particularly useful for processing attachments of incoming emails. Therefore, the two companies complement each other through the partnership and aim to improve inbox automation. Killian Vermersch, co-founder and CEO of Golem.ai, commented on the partnership: “Most of the content we process comes from documents, such as PDFs, handwritten scans and images. That’s where OCR comes in handy. After months of benchmarks, Golem.ai chose IDA from PLANET AI as its main OCR partner to process all incoming content.”
Kofax releases new version of Transact and a variety of new features Intelligent automation solutions provider Kofax announced the launch of Ephesoft Transact 2022.1.01. Following Kofax’s acquisition of Ephesoft, this is the first release of Ephesoft Transact since Ephesoft was integrated into the Kofax product ecosystem. New features include simple, out-of-the-box table data extraction, on-premises handwriting recognition for customers with strict security policies, and enhanced email ingestion that reduces the manual effort required by operators to process irrelevant document content.
KnowledgeLake gets featured in Aite-Novarica Group’s Commercial Banking FinTech Spotlight IDP vendor KnowledgeLake announced that its cloud-native, end-to-end Intelligent Document Processing (IDP) platform has been recognized in Aite-Novarica Group’s Commercial Banking FinTech Spotlight for Q3 2022. The advisory firm’s Spotlight is a quarterly series of industry reports featuring vendors that provide innovative FinTech solutions to the commercial banking industry. KnowledgeLake earned the recognition because it offers “all the key components of a modern, cloud-based IDP solution, including capture, self-teaching data extraction powered by AI and machine learning, process automation, and unlimited storage.”
Infinia ML launches Patient Data and Legal Data suites IDP vendor Infinia ML announced that it has released two new suites within its IDP platform that help organizations analyze complex documents quickly and accurately. The Patient Data suite extracts and classifies elements from patient-related documents such as patient information, demographics, medical codes, episodes of care, timelines, treatment information and medication details. This is complemented by the development of a healthcare knowledge base, a patient data-focused knowledge base, and a set of reusable models that can find and classify data moving through healthcare in unstructured or document-based formats. The second new launch, Infinia Legal Data suite, is capable of reading complex legal documents for context while parsing each document to its constituent clauses and entities based on context clues.
Laiye joins G-Cloud 13 framework and offers its intelligent automation solutions to the UK public sector Laiye announced that it has gained a place in the G-Cloud 13 framework with its Work Execution System (WES). The G-Cloud 13 initiative acts as a centralised hub for the efficient procurement of cloud-related IT services by UK public sector organisations including central and local governments, education, defence and non-profit organisations. WES brings together all AI and automation products used by companies to modernize the back office, providing a single platform that can augment the human workforce, including Intelligent Document Processing. With G-Cloud 13, public sector organisations in the UK can now leverage Laiye’s solutions to add greater automation capabilities to their business.
What are six AI trends that will reshape the business landscape over the next decade? Read this article by innovation leader Ike Kavas, SVP of AI and Data Science Innovation at Ephesoft, a Kofax company, to learn about his predictions on six trends he believes will reshape the professional ecosystem over the next decade. His outlook revolves around topics such as optimizing processing efficiency through document AI, increasing accessibility to development thanks to low-code and no-code technology, the democratization of AI, increased data sharing through AI, content generation through AI, and how organizations can achieve a balance between automation and human augmentation.
See live the new features of ABBYY Vantage 2.3 Join this webinar on December 14, 2022 to learn how the latest version of ABBYY Vantage, ABBYY’s IDP solution, can benefit your organization. Get practical insights into how the new features can solve challenges such as complex tables, printed and handwritten text, poor image quality, automatic document splitting and more.
See you next week!
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