Analysts state that approximately 85% of enterprise data is not structured, meaning the majority of this valuable data is not available to use for digital transformation use cases. From contracts to emails, unstructured documents are found everywhere, and mature template-driven solutions cannot handle variations and changes in formats.
The development of Intelligent Document Processing addresses the shortcomings of traditional data capture to transform semi-structured and unstructured documents into structured data.
Intelligent Document Processing (IDP) uses Artificial Intelligence, including Machine Learning to effectively classify, extract and digitize data hidden in documents and files. The Everest Group takes a deep dive to share industry insights and best practices for IDP adoption.
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