APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Managed Services
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Managed Services

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    Editor's Pick (1 - 4 of 8)
    left
    Reshaping Transportation Mobility With Simplified Services

    Kirk Serjeantson, CIO, Dicom Transportation Group

    How to Attract Next Generation IT Talent

    John Burke, CIO, Ambit Energy

    Big Data: The Catalyst of Digital Transformation

    Mona Badie, CIO & CDO, GE Hitachi Nuclear Energy

    Use of Big Data Analytics in Supply Chain

    Pankaj Bhargava, CIO, Pidilite

    Leveraging Procurement to Drive Marriott Internationals Sustainability

    Stephane C Masson, Senior Vice President of Global Procurement at Marriott International

    The Perils of Big data in Procurement

    Fabio Baldassari, Procurement Director - Logistics, Niagara Bottling

    Trends in the Procurement Space

    Interview with Brian Holbrook, Director, Indirect Procurement, Kerry

    Maximizing the use of procurement technologies

    Javier V. Carnevali P., Sourcing and Procurement Director, Grupo Herdez

    right

    IDP and Its Growing Influence in Document Management

    Apac CIOOutlook | Friday, April 11, 2025
    Tweet

    IDP's expansion from simple text conversion to AI-powered solutions exemplifies digital transformation, driving data-driven optimization and enhanced service delivery.

    FREMONT, CA: Digital transformation has ushered in a new era for global businesses, reshaping how data is analyzed and interpreted. At the essence of this shift is the shift of intelligent document processing (IDP), which has advanced beyond its original role to become a key element of modern AI-driven solutions.

    The Genesis of Intelligent Document Processing

    In the past, IDP was commonly associated with Optical Character Recognition (OCR), a tool aimed at transforming various document formats, including scanned papers, PDFs, or images, into editable and searchable content. Nonetheless, the function of OCR and, consequently, IDP has undergone notable transformations. Initially concentrated on digitizing text to streamline data entry and decrease reliance on physical documents, these technologies have advanced far beyond their initial scope.

    The Evolution Beyond OCR

    As the digital age advanced, so did the capabilities of IDP systems, with the emergence of machine learning and natural language processing (NLP) technologies. IDP evolved from a primary digitization tool into a sophisticated system capable of comparing and analyzing documents at the semantic level. This development signifies that contemporary IDP systems can identify text, grasp its context, extract pertinent information, and make decisions based on document data.

    The shift has been motivated by businesses' necessity to swiftly and accurately handle substantial document loads, extracting valuable insights with minimal manual involvement. Automating document processing, encompassing invoices, contracts, emails, and forms, has become a pivotal aspect of digital transformation strategies.

    The Role of AI and Machine Learning

    Incorporating AI and machine learning has played a crucial role in the progression of IDP technologies. These advancements empower IDP systems to enhance accuracy and effectiveness through continued learning from processed data. By scrutinizing expensive datasets, these systems recognize patterns, comprehend document structures, and adjust to new formats or alternations in existing documents autonomously, eliminating manual reprogramming.

    In addition, NLP empowers IDP systems to grasp the intricacies of human language, facilitating the extraction of data and the underlying meaning and intent from documents. This functionality is paramount for various applications like customer service, as comprehending the context of customer inquiries elevates the level of service offered.

    Real-World Applications and Benefits

    In the financial sector, advancements in IDP technology have streamlined processes for loan applications, credit reports, and customer onboarding documents, resulting in reduced processing times and increased customer satisfaction. Healthcare institutions also benefit from IDP systems, utilizing them to handle patient records, insurance claims, and clinical research documents, ultimately improving data accuracy and enhancing patient care.

    The legal sector reaps the advantages of IDP by automating tasks such as contract review and legal research. This enables legal professionals to dedicate their time to more valuable activities. Similarly, within the retail industry, IDP systems streamline the handling of purchase orders, invoices, and customer feedback, thereby enhancing operational efficiency and providing valuable customer insights.

     The Future of Intelligent Document Processing

    The integration of AI into IDP is poised to deepen with systems becoming progressively more sophisticated in their capacity to comprehend and decipher intricate documents. The advancement of advanced machine learning models and NLP techniques bolsters the accuracy and functionalities of IDP systems, empowering them to handle documents with heightened speed and precision. Additionally, with businesses increasingly generating and relying on vast quantities of data, the importance of IDP in efficiently managing this data will amplify. The capability to swiftly process, analyze, and respond to information within documents will emerge as a pivotal competitive edge, spurring further advancements in the IDP domain.

    The progression of IDP from basic text conversion to a sophisticated, AI-driven solution showcases the dynamic landscape of digital transformation. IDP's ongoing advancement is crucial in empowering organizations to leverage their data effectively, optimize processes, and provide superior services. The era of intelligent document processing is flourishing, offering a glimpse into a future where data is comprehended and leveraged to its maximum capacity.

    tag

    AI

    Machine Learning

    Financial

    Natural Language Processing

    review

    Weekly Brief

    loading
    ON THE DECK
    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Managing Internal and External API's for Business Excellence

    Enhancing Cyber Defense with Predictive Analytics and AI

    The Upcoming Shift in Wireless Connectivity with Wi-Fi 7

    Harnessing Web3 Technologies to Drive Innovation Forward

    Discovering the Latest Trends in Augmented Reality

    The Accelerating Trend of Cloud Migration

    Loading...
    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/idp-and-its-growing-influence-in-document-management-nwid-10036.html