AI in Document Processing and Data Extraction
AI-powered document processing automates the extraction, classification, and validation of structured and unstructured data from documents such as invoices, contracts, and reports. Optical Character Recognition (OCR) models like Tesseract, Google Vision API, and AWS Textract enable high-accuracy text extraction from scanned documents and images.
Natural Language Processing (NLP) techniques, including Named Entity Recognition (NER) and BERT-based transformers, enhance document classification and entity extraction, allowing businesses to automate contract analysis, compliance monitoring, and fraud detection.
Deep learning-based Intelligent Document Processing (IDP) platforms such as ABBYY FlexiCapture and Rossum integrate with AI-driven workflow automation tools to streamline document-heavy business processes, reducing manual data entry and improving operational accuracy.