"The Infrrd Guarantee is the industry's first and only 100% accuracy guarantee for Intelligent Document Processing
Automated Data Extraction From Annual Reports
Get link
Facebook
X
Pinterest
Email
Other Apps
-
Does your firm run on data insights? Find out how an investment advisory firm automated data extraction from complex, unstructured financial reports using Intelligent Document Processing (IDP).
The reality is that Banks exchange a lot of information with other companies that they have no control over. They get annual reports from customers, they need to validate payslips for processing loans and there is no global standard for that. A lot of time they need to process collateral documents which comes in thousands of variations from a growing list of hundreds of providers. This can be possibly due to the unprecedented challenges faced by banks: from in-branch applications for accounts to cheques, loans, monthly statements, and other services, much of their daily activities remains mired in paper and manual processes. Also, Most banks have switched to online applications where they control the entry of the data. The challenge is for the documents that come from other companies that they do not control But, what’s the problem with papers? In today’s fast-paced consumer culture, delays become a liability to any industry that provides customer service. Cheques and forms have ...
Infrrd’s IDC is a single platform that meets all the organizational needs of data capture from structured and unstructured sources to achieve business process automation to increase productivity and reduce costs. Infrrd saw an opportunity to use AI to improve existing data extraction processes and developed our advanced I ntelligent Data Capture (IDC) technology . IDC combines five AI technologies to deliver automation that can sense and synthesize vast amounts of information necessary to automate entire processes or workflows. The IDC platform not only eases data extraction but also addresses challenges of accuracy, time-management, and performance. The platform uses Machine Learning capabilities to identify and extract critical fields and line items such as date, vendor name, payment type, city, state, tax, and total, irrespective of any templates with high precision. Machine Learning also enables the platform to learn, adapt, and improve as you acquire more dat...
With the e-commerce boom, entrepreneurs have learned that conventional strategies of visual merchandising or sales promotions won’t be able to sustain profits in the cutthroat CPG industry. Many retailers are already implementing AI and image recognition to deliver the next level of customer experience, bringing the dawn of a new era for the retail industry. According to Gartner, by 2020, 85% of customer interactions in the retail industry will be managed by AI. Product discovery, product recommendations & trend analysis are some areas for implementation of computer vision and image recognition. This article elaborates on how image recognition can be implemented by retail & CPG companies. 1. Auditing Product Placement: Customers are making key buying decisions at store shelves and companies have to use technology to stay ahead of the fierce competition or face extinction. Gathering key consumer information helps companies understand their needs better. Shelf ...
Comments
Post a Comment