In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Cogniquest is one of 38 new start-ups selected by nasscom to join the coveted DeepTech Club
Intelligent Document Processing provider Cogniquest has announced that it has been selected to the coveted DeepTech Club by nasscom, the trade association for the Indian IT and BPO industry. As one of 38 new startups accepted into nasscom’s Launchpad for India’s most innovative DeepTech pioneers, Cogniquest will have access to an ecosystem of mentors, resources, industry partnerships and investor connections. Cogniquest wrote: “We are proud to have made it to the coveted DeepTech Club. Thank you nasscom and nasscom startups for selecting us to be part of this club. It has been a great experience to go through the intense evaluation process. Congratulations to the other rising stars. Looking forward to learning and growing together.” Satish Grampurohit, CEO of Cogniquest, added: “Most enterprises we talk to are seeking solutions to process unstructured data sources with high reliability, minimal training, and high accuracy. We have developed a proprietary, data-centric AI platform for document intelligence to address such needs. Our platform is custom built with context-aware narrow AI — not just GenAI or LLMs. Being inducted into the coveted DeepTech Club is great endorsement of our technology and a matter of great pride for us.”
DOConvert joins forces with Priority Software to automate and accelerate document processing
Intelligent Document Processing vendor DOConvert has announced that it has entered into a technology partnership with business management solutions provider Priority Software. This strategic partnership aims to automate critical business interactions with clients and vendors including customer orders, supplier invoices, and shipping bills. The integration leverages DOConvert’s automation capabilities with Priority ERP to help businesses improve workflow efficiency, accelerate document processing, and reduce operational overhead. By focusing on eliminating repetitive tasks, the strategic partnership enables companies to redirect their energy towards strategic growth and innovation, ultimately simplifying and enhancing their operational processes. Avi Rafalson, CEO & Co-Founder of DOConvert, commented: “DOConvert has reached a major milestone: our first bi-directional integration with Priority Software is now live! This means businesses can automate workflows effortlessly, no IT needed. Stay tuned as we demonstrate how this works across a variety of documents!”
Ondox releases Version 5.3 of its AI-driven digital mailroom solution
Intelligent Document Processing provider Ondox has announced Ondox 5.3, the latest version of its AI-driven digital mailroom solution. Ondox 5.3 introduces several practical features addressing modern workplace document management challenges. The release focuses on improving document security and team collaboration through secure sharing mechanisms and AI-assisted workflows. Notable enhancements include time-limited document links, document-specific generative AI prompts tailored to specific workflows, and customizable work interfaces that aim to streamline team productivity. By integrating generative AI capabilities, the platform offers teams a more intuitive way to extract insights and manage information. Last but not least, the standalone Ondox help app enables rapid onboarding and expert-level proficiency.
📰Article:
Digital PDF vs. machine-readable JSON – The Key to Intelligent Document Processing (IDP)
PDF vs. JSON? But are they really against each other? Read this article by Intelligent Document Processing provider Planet AI and find out how the combination of PDF and JSON is revolutionizing data processing in companies.
📖Whitepaper:
4 Insurance Case Studies with AI: How to Create Value with Artificial Intelligence in the Insurance Industry
Insurance companies want to improve operational efficiency with AI. But where do you start? Download the latest whitepaper from Cortical.io, in which the IDP vendor presents four concrete examples of AI applications that have helped insurance carriers improve speed, accuracy and efficiency in a short timeframe and within a transparent budget.
Ebook:
The Decision Era: How AI-enhanced decisioning is transforming outcomes across the policy lifecycle
AI is reshaping decision-making in the insurance industry. This shift marks the beginning of what Indico Data calls the “Decision Era,” where technology empowers insurers to make smarter, faster, and more precise decisions across various forms of insurance, including auto, disaster, home, and life. Download the latest ebook to find out what the future success of insurers will depend on.
💡Opinion:
IDP Practice: Go Global, or Go Bust
“Today’s enterprises aren’t just multinational; they’re “many-national”,” says Petr Baudiš, Co-Founder and CTO at IDP vendor Rossum. Stay tuned for his opinion piece next week to find out what this means for large organizations adopting IDP solutions.
🎥Upcoming Webinars:
December 5, 2024, 10 am EST: Future Proofing Your AI Strategy for IDP: Mitigating the Risks of Technology Lock-In
Register for this webinar hosted by IDP provider TCG Process to learn how organizations can leverage AI for IDP without fear of making poor technology decisions or risking negative impacts on processes and customers due to AI hallucinations.
December 19, 2024, 1 pm EST: How Agentic AI is Driving the Next Evolution of Enterprise AI
Register for this webinar hosted by IDP provider Nividous to explore how agentic AI, a new breed of adaptive, self-directed artificial intelligence, is reshaping the enterprise landscape. From improving customer experiences to streamlining operations, agentic AI is helping organizations build AI ecosystems that go beyond predictions and recommendations, empowering intelligent systems to act with purpose and context.
📆Upcoming Events (in-person):
December 11-12, 2024: The AI Summit New York in New York City, US
This event unites the most forward-thinking technologists and business professionals to explore the real-world applications of AI. The event includes a fireside chat with Max Vermeir, Senior Director of AI Strategy at ABBYY, and Tom Ivory from IBM, who will give an insight into the future of automation with AI agents.
March 31 – April 2, 2025: AI+IM Global Summit 2025 in Atlanta, US
Our good friends at AIIM (the Association for Intelligent Information Management) are announcing a new chapter with their annual AIIM Conference evolving into the AI+IM Global Summit. This event will explore the intersection of AI and information management. During the 2.5-day strategic, intimate event attendees will find practical advice, meaningful industry connections, and innovative ideas. If you register before December 31, 2024, you’ll benefit from the early bird rate and receive a whopping $600 discount.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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