In many business scenarios, an essential daily task is scanning, classifying and extracting key information from printed and digital documents.
In many business scenarios, an essential daily task is scanning, classifying and extracting key information from printed and digital documents. For financial auditors, for example, automatic classification of all the documents related to a potential client can improve efficiency during the preliminary phase, in which the auditor has a short amount of time to assess a prospect, or alternatively during M&A analysis.
When a car accident claim is filed, there is a myriad of documents that need to be submitted to the insurance carrier, including proof of coverage from both parties, driver licenses, current registration, summary of damage, doctors’ notes of injuries, etc. This daisy chain process could then integrate another AI model for extracting the relevant information and input into the system of choice in order to speed up the process of payout. and effectively assess payout to the appropriate party.