SAN JOSE, California, October 2, 2021 / PRNewswire-PRWeb / – Infrrd, a leading provider of intelligent document processing (IDP) solutions, today announced that it has been identified as an example provider in the Gartner Hype Cycle for Natural Language Technologies 2021 report in the IDP category.
EXTRACTS FROM THE REPORT:
Why is this important
Intelligent document processing is increasingly important to create operational efficiencies in business processes that need to extract information from semi-structured and unstructured data for further analysis. These processes are currently mostly human-centered. IDP caters to a wide variety of use cases – from digitization initiatives to supporting more complex processes such as document-centric tax treatment and pension fund management.
Impact on business
- Reduced human labor to process documents and improved document-based workflows.
- Extract relevant data from different input formats for further analysis or automation.
- Preprocess unstructured data for analysis.
- Automated classification and consolidation of documents and emails.
- Discovery and insight.
- Creation of workflows to support process automation or integrate with existing automation solutions.
The Infrrd IDP platform uses prediction, not models, and can handle variations between document types. It can quickly read and classify documents globally, using a series of algorithms that take the guesswork out of mining and deliver precise data to fuel enterprise-wide processes. Its speed of deployment and ease of use allow it to significantly optimize business processes.
Infrrd continued to expand its capabilities to deliver business value to its customers. Its proprietary AI platform combines data and context, adding significant depth of exploration to every document. Its platform enables businesses to create better experiences for their customers and grow their businesses like never before.
Infrrd has distinguished itself with developing prepackaged solutions for a number of industries and use cases that face variation and unstructured documents to fuel their processes.
âWe are proud of the work that Infrrd has done this year to develop its capabilities and engage its customers. We appreciate the recognition of Gartner as a sample supplier to the intelligent document processing market in Hype Cycle for Natural Language Technologies, 2021. We believe this further enhances the value of our solution for our customers. “Said the CEO. Infrrd Amit Jnagal. âWe are committed to removing friction from the document retrieval process and supporting businesses on their transformational automation journeys. “ Gartner, âHype Cycle for Natural Language Technologies, 2021,â by Analyst (s): Bern Elliot, Anthony mullen, Adrien lee, Stephen emmott, Posted July 21, 2021.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner makes no warranty, express or implied, with respect to this research, including any warranty of merchantability or fitness for a particular purpose.
Infrrd, headquartered at San jose, california, drives innovation in AI with its proprietary Intelligent Document Processing (IDP) platform. Our platform allows companies to classify and extract data from semi-structured and unstructured documents. It offers pre-built, out-of-the-box templates for use cases like invoices, claims, and bank statements for easy adoption, while also allowing businesses to build and train custom templates. The platform has advanced cognitive capabilities, user-friendly interface and the flexibility to process different types of data, contributing to its rapid growth in the market. Businesses around the world are using Infrrd solutions to further automate, improve employee productivity, accelerate business processes, and deliver exceptional customer experiences.
Lynnette Caballes Alban, Infrrd, +1 4109051582, [email protected]
Megha Mathews, Infrrd, [email protected]