Intelligent Document Process

What is IDP?

Know Intelligent Document Process Solutions with iBOTomate. More than 80% of business data is unstructured; hence, we passionately work on IDP to help them. We transform semi and unstructured data into usable data like business documents, emails, PDFs, among others.

Intelligent document processing is a process that uses technologies like AI and ML, to efficiently process all types of documents and feed the outputs to downstream applications.

Use Cases

Banking and mortgages

Accounting

Insurance

Medical Industry

IDP Steps

The process requires technologies like machine learning, Natural Language Processing (NLP), Optical Character Recognition (OCR), and Artificial Intelligence (AI) to process. Following are the five steps in Intelligent Document Processing:

• Capture

• Pre-Processing

• Classification

• Extraction

• Post Processing

How does IDP differ from OCR?

OCR is a technology used to extract text from images and documents. OCR can scan documents and transform them into a machine-readable structure but cannot understand the data.
IDP goes beyond traditional OCR by adding AI and data science to classify and extract data. OCR costs less but works only with template-based standard documents, while IDP solutions can offer you the flexibility to work with semi-structured/unstructured documents with increased accuracy.