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:
News:
Cognaize reports significant growth in 2022 and continued momentum IDP provider Cognaize announced that it has entered 2023 with significant growth and momentum driven by the growing adoption of its IDP platform with leading global FSI organizations. Al Eisaian, CEO of Cognaize, commented: “2022 was a breakout year for Cognaize, and our business has only accelerated since the beginning of the new year. By delivering enormous value to six global financial services organizations, we have clearly validated that the Cognaize IDP hybrid intelligence platform unlocks AI for finance. We have an enormous opportunity to lead the market this year and beyond by delivering transformative innovation and exponential value to financial services leaders.”
qBotica becomes a Featured Diamond partner of UiPath IDP provider qBotica announced that it has been named a UiPath Featured Diamond Partner. Last September, the two companies had expanded their partnership, which resulted in Automation Cube, qBotica’s market ready UiPath managed services offering. Chris Weber, Chief Business Officer at UiPath, said: “Enterprises around the world are using automation to innovate in new and exciting ways. Achieving Featured Diamond partner status means qBotica is one of the premier global partners for companies pursuing an automation-first strategy.”
ETH Zurich and HSG St. Gallen spin-off BLP Digital partners with Canon (Schweiz) AG AI-based ERP process automation solutions provider BLP Digital has announced a strategic partnership with leading technology and information management company Canon (Schweiz) AG. Together, they aim to further strengthen the innovative power of the Swiss economy so that their customers can counteract the increasing shortage of skilled workers with state-of-the-art technology. BLP Digital’s AI-powered solution automates document-based ERP processes in the cloud, such as supplier invoices, order confirmations, delivery bills or customer orders, without having seen the documents beforehand. With this partnership, Canon (Schweiz) AG as a distributor integrates BLP Digital’s SaaS solution into its workspace software portfolio.
Rossum publishes DocILE, the world’s largest research dataset and benchmark IDP vendor Rossum announced that it has published DocILE (Document Information Localization and Extraction), the world’s largest research dataset and benchmark. Rossum aims to accelerate scientific progress in business document information extraction (IE) and advance research in the field of IDP as a whole. To improve and measure the performance of AI models, large datasets are critical, which is why the DocILE benchmark is particularly important. Head of Rossum’s AI Labs, Milan Šulc, Ph.D., said: “This is an important milestone because it advances IDP research as a whole. The new dataset will increase accuracy levels in document information extraction by accelerating research in areas such as novel machine learning architectures and training objectives.”
Interview:
The CEO of TCG Process shares his views on IDP Read this interesting interview with Arnold von Büren, CEO of intelligent process automation software provider TCG Process, to get his views on the current state of Intelligent Document Processing. Among other things, he explains why he doesn’t believe Microsoft will offer a competitive platform for IDP in the future, what’s behind his statement that ‘amateurs are excited about technology, experts talk about the infrastructure’ and why he believes that a key component of IDP platforms will be ease of integration into a customer’s infrastructure.
Upcoming webinar:
What does the path to the autonomous enterprise look like? Join Scott Lee, Chief Revenue Officer of IDP vendor AYR, and Sarah Burnett, Chief Technology Evangelist at transformation mining and process intelligence company KYP.ai, for this webinar on March 8, 2023. Gain insights from industry experts on innovations and applications that are driving business process automation.
See you next week!
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