14 Apr 2021, USA: According to Walker Consulting, Artificial Intelligence, and Automation are playing an increasingly important role in enhancing Customer Experience (CX) and bettering Decision Making systems. But IDC studies clearly indicate that in spite of a $550B spend in these areas, an automated process breaks at the sight of a document. Similarly, another IDC study indicates how data lost in documents leads to Decision-making Systems that provide incomplete insights, despite an estimated spend of $80B.
This is the gap that IN-D is hoping to bridge with its AI-powered product suite. IN-D products understand documents and images, extract the data from them with minimal training, synthesizes it, and feeds it to Decision Making systems. IN-D achieves this with a combination of Computer Vision (CV), Natural Language Processing (NLP), and also leverages Machine Learning / Deep Learning models in specific use cases. With its plug-and-play deployment model, IN-D outdoes other current OCR and Intelligent Document Processing technologies.
IN-D is rapidly transforming operations across industries like Retail Banking, Insurance, and Enterprise Procure-to-Pay Products. IN-D easily integrates with a broad range of enterprise applications and Orchestration tools to enable processes like KYC (Signature Verification, ID Verification, Facematch), Credit Check (Bank and Financial Statement), Expense Management, Insurance Claim Settlement (Invoice Processing, ICD 10 Coding, CPT Coding, etc.), Audit Controls Testing, Contract Management, and Employee Onboarding.
“Our technical depth in AI-ML and Computer Vision makes this partnership with IN-D an ideal match. We are already handling multiple projects that leverage these technologies for clients like Facebook, Siemens, and Netsmart. IN-D’s product suite fills the right spots in our automation workflow projects.” said Gayathri Vivekanandan, CEO, Ideas2IT.
“Key challenges with the adoption of the current AI-based solutions to solve ‘document to data’ problems are the need for large data sets, time, and money for training. IN-D is addressing this through pre-trained, ready-to-deploy AI models for various business processes across industries. We want to keep our focus on developing cognitive solutions and our partnership with Ideas2IT will help us arrive at more creative ways to leverage our product suite,” said Rahul Chandra, Co-founder & CBO, IN-D.
Founded by an ex-Googler, Ideas2IT is a high-end product engineering firm. The company works with a broad range of clients that includes Fortune 500 Companies, Universities, Non-Profit NGOs, and Universities like Microsoft, Facebook, Oracle, Siemens, Zynga, Air Asia, Mayo Clinic, and Medtronic Lab. Ideas2IT offers deep expertise in the domains of Data Science, AI-ML, Cloud, and Digital Transformation. To know more, email@example.com.
IN-D is an artificial intelligence platform that helps organizations build smart, agile, and distributed operations. It uses AI to process documents, images, videos, and synthesize data thus automating processes like KYC, operational risk management, insurance claims administration, etc. With offices in Singapore, Chennai, and Pune, IN-D collaborates with leading consulting companies, system integrators, and automation product companies towards enabling contactless yet connected.
For more information visit www.in-d.ai.