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:
qBotica achieves SOC 2 Type 1 certification IDP vendor qBotica announced that it has achieved SOC 2 Type 1 certification (a widely recognized auditing standard for service providers that handle sensitive customer data), validating the company as a trusted and secure intelligent automation as a service provider. Mahesh Vinayagam, CEO of qBotica, said: “qBotica is committed to delivering high-quality intelligent automation services and solutions that meet the evolving needs of our clients. Achieving SOC 2 Type 1 certification is a significant milestone for our company, and we are proud of the hard work and dedication of our team to reach this important goal. This certification demonstrates our commitment to security and privacy, and we will continue to invest in measures to ensure the protection of our clients’ data.”
PLANET AI releases new Intelligent Document Analysis features IDP provider PLANET AI has announced the release of IDA 5.1, which includes new features such as document splitting, improvements in model training and usability. The new document splitting feature leverages a neural network to detect the beginning and end of multi-page documents or split them based on a specified number of pages. In addition, automatic pre-training is now accelerated by the ability to define the extraction target directly on the first document (resulting in faster training). The entity finder module also lets users quickly determine whether a document contains a specific word or number, and the workflow demonstration tool has been improved with the selection of modules from the active workflow for sample processing.
BLP Digital receives CHF 2.5m in funding BLP Digital, a provider of an AI-based ERP process automation solution, announced that it has received CHF 2.5 million in funding from Swiss innovation agency Innosuisse. BLP Digital will use the new funding to further expand its IT and business team, as well as to accelerate development and generalize its AI to the point where a wide range of processes can be fully automated. Tim Beck, co-founder and CEO of BLP Digital, commented on the funding: “We are pleased to be supported by the Innosuisse jury with funding out of more than 750 submitted applications. The strong demand in the market for AI-based ERP automation solutions proves that this topic is of central importance for the Swiss economy. It makes us proud that the federal government recognizes this, acts with foresight and provides targeted support.”
Expert.ai adds NLU expert to its Board of Directors Expert.ai, the AI company with its hybrid natural language platform, announced that former Director of Engineering for Amazon’s Alexa Natural Language Understanding (NLU) team, Alan Packer, has joined the company’s board of directors. Packer brings nearly 30 years of AI/ML experience and deep technical knowledge in the NLU space that will be useful for further development of expert.ai’s hybrid AI approach and for creating NLU solutions.
HuLoop with new version of its automation platform HuLoop, provider of AI-powered intelligent automation solutions, has announced the availability of the latest version of its unified automation software platform, v5. New key features include improved automation orchestration (drag-and-drop capabilities for easier automation creation), a digital assistant with enhanced NLP capabilities, an intelligent agent with personification, an improved desktop recorder, and an enhanced analytics and diagnostics reporting module.
Straive appoints new Chief Executive Officer Straive, a provider of technology-driven data/AI solutions, has announced the appointment of Ankor Rai as its new CEO. He brings more than 20 years of experience leading tech companies, joins from IT services and consulting firm EXL and succeeds Ratan Datta, who led the company for more than a decade. Datta will assume the role of Vice Chairman to support the transition to Rai and continue to serve as a member of Straive’s Board of Directors.
The impact of IDP at a government level Delays in passport application processing in the US have reached an all-time high. Read this article by Chris Ranalli, CRO at IDP vendor Hyperscience, to learn how IDP can help reduce the backlogs at federal agencies and shorten citizen response times.
See you next week!
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