Industries on the Rise: A Deep Dive into End-User Adoption of IDP Solutions
Quadrant Knowledge Solutions defines Intelligent Document Processing (IDP) as the automatic extraction of valuable information from documents received by organizations in diverse formats, including structured, semi-structured, and unstructured documents. IDP employs technologies such as Artificial Intelligence (AI), Machine Learning (ML), Optical Character Recognition (OCR), Computer Vision, Robotic Process Automation (RPA), Natural Language Technology (NLT), and Intelligent Character Recognition (ICR) to extract, interpret, and categorize relevant data from files, emails, PDFs, scanned documents, and other formats for analysis and workflow automation. Automated document processing is increasingly leveraging Cloud Storage for secure storage and accessible data retrieval from processed documents, catering to remote teams and businesses with multiple locations. Additionally, cloud providers offer features like automated backups and version control, simplifying document managemen...