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14 Use Cases of IDP in Loan Department
Are you a Manager of the Loan Department of any financial Institute? Are you an employee? Probably, Yes. In any financial Transaction, you have to double-check each and every digit and letter. In the Loan Department, when the company gives money to the borrower, the company has to check every detail of the borrower. This…
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14 Use Cases of IDP in Manufacturing Company
Are you a stakeholder or Manager of a manufacturing company? So, this guide can be very useful for you. In this article, I’ll show you 14 use cases of IDP in Manufacturing companies and how it can be used to streamline various processes and improve overall performance. 1. Automatic Data Capture from Invoice In a…
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12 Use-Cases of IDP in the Government and Public Sector
In today’s digital age, document processing is a crucial aspect of every organization, including government and public sector entities. However, with the vast amount of data being generated every day, manual document processing can be time-consuming, error-prone, and inefficient. This is where Intelligent Document Processing (IDP) comes in, a technology that uses AI and ML algorithms to……
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7 IDP Use-Cases in Real Estate Companies
The real estate industry is rapidly adopting Intelligent Document Processing (IDP) software to streamline processes and stay ahead of the competition. IDP technology employs artificial intelligence and machine learning algorithms to extract valuable information from various documents, enhancing efficiency and reducing manual effort. In this article, we will explore 7 key use cases of IDP……
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How IDP Can be used for Business Intelligence(10x Growth)
Banks, loans, and insurance companies are involved in handling a massive volume of paperwork, including thousands of customer applications, loan documents, account statements, and compliance forms every day. A massive task force of employees has to manually check the data from documents and then save it into the database. It’s a long tedious process for…
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How LLMs Can Automate Document Processing
Do you ever feel like you’re drowning in documents? There’s just too much information to keep track of document Data, Whether you’re working in a small startup or a large transnational corporation. If so, you’re not alone. Document processing can be a time-consuming and tedious task, but it doesn’t have to be. That’s where large……
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How Generative AI Revolutionizes IDP
What is generative AI? Generative AI refers to a branch of artificial intelligence and Machine Learning Model that focuses on generating new content, such as text, images, or even entire scenarios, based on patterns and examples found in existing data is based on the idea that AI can learn from existing data and then use…
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Unlocking the Power of LLMs: A Game-Changer for Document Processing in Enterprises
We at DocExtractor believe LLM-based solutions are the next phase of technological advancement in the space. In this article we will unveil how LLMs are poised to revolutionise document processing, ushering in a new era of unparalleled efficiency and customer satisfaction. Today, for most large-scale enterprises, document processing stands as a pivotal challenge. Astonishingly, 86%…
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How are we using GPT-4 Model for PDF Data Extraction?
At Docextrcator, we use cutting-edge technology like GPT-4’s advanced natural language processing capabilities to extract text and data from PDF documents or images, including tables, forms, header, footer and so on. Keep up with the demands of accurate data extraction and validation from unstructured data like PDFs or images of invoices, receipts, forms and other…
