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:
Staple signs major contract with leading commercial provider on the Isle of Man
IDP vendor Staple has announced that it has signed a major contract with a leading commercial provider on the Isle of Man. This partnership, formed following Staple’s successful participation in the Insurtech Insights Accelerator Programme, focuses on its innovative AI platform that processes and protects customer data and further establishes the Isle of Man as a global business hub. Ben Stein, CEO of Staple, explained: “As a tech company that delivers AI solutions to multinational organisations, it makes perfect sense to partner with Isle of Man commercial providers that cater to a worldwide client base. We are excited to be working with companies on the Isle of Man and are grateful to Finance Isle of Man for their support in our journey so far.”
ABBYY announces Intelligent Automation Month with weekly sessions on increasing efficiencies and ROI through AI
Intelligent automation company ABBYY has announced its second annual Intelligent Automation Month. In four weekly sessions taking place in September, industry experts and ABBYY executives will explain the benefits of key AI-powered intelligent automation technologies, including process intelligence and Intelligent Document Processing, and provide information based on real-world applications, best practices and current research to help attendees identify automation opportunities, navigate AI compliance and prepare for new regulations. Bruce Orcutt, Chief Marketing Officer at ABBYY, explained: “Intelligent Automation Month is an important industry initiative that puts a spotlight on what businesses can achieve with purpose-built AI. Attendees will feel encouraged by the panel of experts featured during September and have actionable insights for how to plan, deploy and measure the ROI of their AI investments for their organizations.” You can find further information on each session here.
Notable Systems appoints Justin Humphrey as new Chief Revenue Officer
IDP vendor Notable Systems has announced the appointment of Justin Humphrey as its new Chief Revenue Officer. Humphrey brings a wealth of experience in healthcare and technology, most recently serving as Enterprise Sales Senior Director Healthcare at Medallia.
6Estates joins forces with LLM company Modelbest
Enterprise AI solutions provider 6Estates has announced a partnership with large language model (LLM) company Modelbest. Modelbest is developing ‘MiniCPM’, a series of super light models that can run on phones and embody the concept of small size with big potential. Under this partnership, 6Estates will integrate ModelBest’s MiniCPM-V series into a mobile-optimised Intelligent Document Processing solution – combining ModelBest’s highly efficient models with 6Estates’ domain-specific LLM-powered applications and regional expertise.
Instabase is recognized on the 2024 Inc. 5000 as one of the fastest-growing private companies in the US
IDP vendor Instabase has announced that it has been recognized on the 2024 Inc. 5000 list as one of the fastest-growing private companies in the US for the second consecutive year. Instabase wrote: “This honor reflects the incredible support and effort from our customers, partners, and team. A big thank you to everyone who contributed to this success!”
ibml joins forces with RT Lawrence to provide robust integrated payment processing solutions and services to US customers
IDP provider ibml has announced a partnership with payment processing solutions provider RT Lawrence. Through this partnership, customers can benefit from an integrated best-of-breed solution from RT Lawrence that includes digitization, remittance solutions and lockbox services for payment processing. Newt Higman, Chief Revenue Officer at ibml, commented: “We’re excited to work with RT Lawrence to future-proof business operations, maximize data extraction efficiency, and expand services for our customers. This partnership extends our mission to reduce the amount of manual labor required by our customers to operate aging legacy systems, replacing them with modern, profitable lockbox and remittance processing solutions and services for their clients. We’re glad we can continue to innovate and reach new customers together.”
💡Opinion:
The AI Special Assistant: Utilizing the Right OCR as a Data Foundation
Read the latest opinion piece by Jesper Kleinjohann, CEO of Intelligent Document Processing vendor Planet AI, in which he argues why Optical Character Recognition (OCR) is the key element that determines the efficacy and reliability of the entire IDP framework, and how AI special assistants are revolutionizing our approach to data interaction and usage.
🎥Upcoming Webinars:
August 27, 2024, 11 am EST: Transform Your Document Workflow
Register for this upcoming webinar hosted by Automation Anywhere, to discover how Intelligent Document Processing can revolutionize document workflows.
August 28, 2024, 10 am EST: Secure AI integration for compliance-heavy industries
Register for this upcoming webinar hosted by ScaleHub, the managed crowdsourcing service for automated document processing, to understand the fears organizations responsible for PII/PHI/GDPR data face when adopting innovative AI solutions and how ScaleHub addresses these complexities of integrating AI in compliance-heavy industries without compromising data security.
September 5, 2024: Intelligent Automation Month – Session 1
Register for this first of four sessions in the second annual Intelligent Automation Month presented by ABBYY. In the first session, ForHumanity, a nonprofit organization focused on independent auditing of AI systems, will share information on ensuring safe and trustworthy AI methods.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thanks for reading and see you next week!
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