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Enhance Document Management with AI and Automation

Document Process Management

Business Honor
07 April, 2025

Unlock business efficiency and accuracy with AI-powered document processing and seamless automation.

Organizations are now dealing with more and more documents – from emails and invoices to contracts and scribbled notes. Keeping these documents under control has been a challenge for a long time, but conventional methods tend to be inefficient, prone to errors, and time-consuming. Intelligent document processing (IDP), a revolutionary technology that is transforming the way organizations deals with documents.

IDP uses artificial intelligence (AI) and machine learning (ML) to perform key processes such as extracting, classifying, and managing data automatically. In contrast to traditional optical character recognition (OCR), IDP not only reads but also interprets and classifies information from both structured and unstructured documents. This superior capability converts raw data into actionable insights, allowing businesses to enjoy new levels of cost savings and efficiency.

The global IDP market is projected to grow at a compound annual growth rate (CAGR) of 33.1% during the period ending 2030, to $12.35 billion, estimates Grand View Research. This will be driven by growing digitalization across sectors with companies implementing IDP to maximize data processing quality and simplify business processes.

Among the primary drivers for IDP's adoption is how it is supported by AI and ML, allowing document processing to improve in terms of accuracy in the long term. It also assists in meeting essential requirements in sectors like healthcare, finance, law, and manufacturing where compliance with regulations and data protection are highly imperative.

As businesses are increasingly moving towards digital business, IDP is becoming an essential tool to automate processes, reduce errors, and make more informed decisions. Businesses that do not adopt IDP risk being behind the times in the highly competitive business environment of today.

For companies seeking to future-proof their business, IDP provides a key solution to converting document processes into fast, secure, and scalable systems.