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 recap:
News:
Hyperscience with new release to improve AI adoption at scale IDP vendor Hyperscience has unveiled its latest release with these new features: better training of ML models, fast autoscaling and improved supervision. With Training Data Curator, Hyperscience intelligently recommends which data should be annotated to create a high-performance model in less time. The autoscaling feature is particularly valuable to IT teams, as it automatically scales the system to smooth out spikes in document volume and ensure processing SLAs are met without the need for detailed volume projections. And last but not least, enhanced supervision interfaces allow users to make better and faster decisions, streamlining the routing of requests and increasing overall productivity.
Datamatics strengthens its leadership team IDP provider Datamatics has announced the appointment of Bala Gopalakrishnan as President and Global Head of Digital Technologies. He brings over 25 years of experience in the IT industry and has held leadership positions at renowned companies such as Cognizant, Thoughtworks, Motorola and Nous Infosystems. In his new role at Datamatics, Bala Gopalakrishnan will be responsible for global strategy, service and solution offerings, deployment and operations, and will focus on driving business growth.
Rossum adds GPT-4 extension to its platform IDP vendor Rossum announced that it has added a new GPT-4 extension to its Intelligent Document Processing platform. This allows users to customize the platform to their specific business requirements without having to do any coding themselves.
Parashift and d.velop join forces IDP vendor Parashift has announced a partnership with software vendor and platform d.velop. As part of a comprehensive AI initiative and platform expansion, d.velop aims to optimize its customers’ document processes with the support of AI for a variety of document types using Parashift’s Intelligent Document Processing solution. Alain Veuve, founder and CEO at Parashift, said: “The partnership with d.velop is a big step forward for us. We share the same vision to help companies manage their document-based processes and make the benefits of AI technology accessible to them. Starting with automated document classification and information extraction, we will gradually expand the scope of collaboration and help our customers optimize their workflows.”
Alkymi launches Alpha, its generative AI for financial services IDP vendor Alkymi has announced the launch of Alpha, its generative AI-powered solution that enables financial services teams to find instant answers from documents and proprietary data sets through an interactive chat experience and structured workflows. According to Alkymi, until now, there was no way to securely apply Large Language Models (LLMs) to targeted documents and datasets in the financial services sector, something the IDP provider wanted to change. Alpha features include Document Chat (to chat with documents and get verifiable answers), Semantic Search (to find relevant and related documents with LLM-supported contextual understanding), Summarization Tool (to instantly summarize any document in 95 languages), and Answer Tool (to create a continuous system for generating answers from a cadence of documents in a workflow).
Eigen Technologies appoints COO and CISO IDP vendor Eigen Technologies has announced the appointment of David Brooks as its first Chief Operating Officer (COO) and Simon Hogg as its first Chief Information Security Officer (CISO). Both have been with Eigen Technologies since 2020 and 2018, respectively. In his new role as COO, David Brooks will lead Eigen’s core operations, customer success organization and transformation program. In his new role as CISO, Simon Hogg will continue Eigen’s commitment to its security and that of its customers.
KMWorld lists 6 IDP providers in its AI 100 In its latest release, publisher KMWorld unveiled its AI 100: The Companies Empowering Intelligent Knowledge Management, which includes six IDP providers: ABBYY, Appian, expert.ai, IBM, Ocrolus and Rossum.
Podcast:
The 4 waves of Intelligent Document Processing explained Watch this 30-minute podcast from Deep Analysis to learn, among other topics, what the 4 waves of Intelligent Document Processing are.
See you next week!
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