Intelligent document processing solution saves data-centric companies money
Currently, companies use data to introduce new business models, create new revenue streams, improve the customer experience, create personalized services, and become more agile. This dependency is increasing over time as the world experiences unprecedented growth in the volume of data. The increase in data volume and variety presents unique challenges for data management. Without the right data strategy, executives face vast amounts of data that are difficult to leverage and analyze, leading to operational inefficiencies and ultimately lost profits. Intelligent document processing can be applied to a wide range of business applications across industries where knowledge workers continue to process documents manually. Examples include horizontal use cases such as processing purchase orders and invoices, as well as industry-specific use cases such as insurance applications, customer information, and loan applications, to name a few. In this regard, data-centric industries are the key end users of the intelligent document processing solution.