What Is Intelligent Document Processing (IDP)?
IDP is a solution that transforms unstructured information from your documents into structured data. It can extract, classify, and process data from any document in any language - using AI.
Since most of your data is locked inside your documents (emails, PDFs, scans, etc.), you only use a tiny percentage of your data.
Features of Intelligent Document Processing (IDP)
Automated extraction of unstructured/semi-structured data
Eliminates manual data entry
Fast implementation and easy integrations with other systems
Powered by AI and machine learning technology
Fastest and most accurate data extraction from any document
Available for any language
Connects to existing RPA systems
IDP Systems vs RPA
If you’re wondering what RPA software is, it stands for Robotic Process Automation – which supports business process optimisation by automating existing repetitive tasks.
IDP helps RPA bots by providing data extraction and document classification features. So in real life, you can achieve the best results if you combine RPA with IDP.
How Is IDP Different from OCR?
You have most likely heard of OCR, but what is it in more detail?
OCR stands for Optical Character Recognition and can scan documents and transforms them into a machine-readable form. But it doesn't "really" understand your data like IDP does.
For instance, OCR can tell us that certain pixels are the numbers 1 9 8 0 – but it does not understand that it's a year and part of your Date of Birth.
💡 IDP does, though. As humans, we quickly understand the meaning behind certain words, and that's what IDP does for you. It understands text and documents.
IDP Checklist: How to Compare Different IDP Providers
When you’re shopping around for data extraction software, consider the following factors:
- Document complexity – consider the volume of documents that your business processes and how many of them are complex.
- There is no such thing as standard documents; layouts change constantly. Ensure that your system is not based on templates, as templates break whenever your documents change.
- Can you build your own model with just a few clicks for the highest data extraction accuracy, and does your system also provide pre-trained models for the most common documents for fast results?
- One last thing: can your system easily combine custom and pre-trained models for fast and accurate results?