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 Intelligent Document Processing recap:
News:
Eigen Technologies launches new version of IDP platform IDP provider Eigen Technologies announced that it has launched a new version of its no-code IDP platform. With the fifth release, Eigen Technologies offers a range of advanced features that enable enterprises to easily automate, connect and transform business-critical information.
Infrrd’s Innovation Lab receives recognition for NLP research IDP provider Infrrd announced that its Innovation Lab was recognized by the Association for Computational Linguistics during an annual workshop as an innovative problem-solving approach to natural language processing. This year, the task consisted of an NLP task that explored the limits of named entity recognition for a given set of multilingual data. In this task, the Infrrd research team demonstrated the ability to accurately recognize and capture data.
Trek Health closes $2.7M seed round Insurance workflow automation platform Trek Health announced that it has closed a $2.7 million seed round led by Lionheart Ventures. Trek Health’s platform eliminates manual tasks in financial transactions and modernizes the mental health payment infrastructure. It offers a range of solutions for mental health providers, including instant claims reimbursement and automated claims generation.
Ocrolus launches fraud detection solution for lenders Document automation platform Ocrolus announced that it has launched Detect, its comprehensive fraud detection solution. The solution helps lenders minimize risk and avoid unnecessary losses by providing detailed signals and clear visualizations of fraudulent activity, instead of having to manually check documents for discrepancies.
Roboyo acquires Lean Consulting and adds capabilities Roboyo, a hyper-automation professional services company, has announced the strategic acquisition of Lean Consulting, a UK-based consulting firm. With this acquisition, Roboyo strengthens its presence in the UK and consolidates its strategy for global growth as Lean Consulting adds a number of experienced consulting, training and automation specialists to the Nuremberg-based company’s operations.
Kanverse.ai joins Guidewire Insurtech Vanguards program Hyperautomation company Kanverse.ai, with its zero-touch insurance documents processing for insurers, announced that it has joined Guidewire Insurtech Vanguards program. The program identifies innovative insurtechs and provides a direct channel connecting insurers with insurance technology companies. Through Kanverse.ai, Guidewire customers can now automate and accelerate their insurance forms processing workflows.
Article:
Handwritten data in forms and documents is still more the norm rather than the exception A majority of companies deal with forms and documents that contain handwritten information on a daily basis. When it comes to a company’s hyperautomation initiative, this part must be considered, as well as the importance of Intelligent Document Processing in this context. These are five factors to keep in mind for a successful project when dealing with handwritten data.
AI pioneers look back on a decade of deep learning progress Insightful article featuring AI pioneers Yann LeCun, Geoffrey Hinton and Fei-Fei Li. They look back at what has happened since the deep learning breakthrough ten years ago. In 2012, computer scientists Alex Krizhevsky and Ilya Sutskever, along with their Ph.D. advisor Geoffrey Hinton, participated in Fei-Fei Li’s ImageNet competition to evaluate algorithms designed for large-scale object detection and image classification. They won with their paper, “ImageNet Classification with Deep Convolutional Neural Networks”, which proved to be far more accurate in classifying different images than anything that had been developed before. Since then, deep learning has advanced significantly and continues to do so.
Survey:
UiPath survey shows APJ organizations moving from RPA to intelligent process automation In its latest survey, leading enterprise automation software company UiPath reveals that 90% of organizations in the APJ region are moving to intelligent process automation. UiPath came to this conclusion after surveying 350 companies with at least 1000 employees.
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