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An Artificial Intelligence Based Approach to Automate Document Processing in Business Area

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Release : 2021
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Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis An Artificial Intelligence Based Approach to Automate Document Processing in Business Area by : Ta Hang Chen

Download or read book An Artificial Intelligence Based Approach to Automate Document Processing in Business Area written by Ta Hang Chen. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt: Automatic document processing is always a strategy for business executives to improve operational efficiency. With Optical Character Recognition (OCR) and machine learning techniques, businesses are able to apply Artificial Intelligence (AI) to automate the process. However, introducing an AI application to business is challenging; it is easy to fail because of the complexity between the technical and organizational components. This thesis considers document processing from a sociotechnical system perspective and leverages a four-step system analysis approach to identify the critical components. This research also proposes a machine learning model using Support Vector Machine (SVM) as the classifier and Word2vec embeddings as document features to classify business documents. The proposed model reaches a 0.872 Macro F1-score using scanned business documents from the RVL-CDIP dataset. The proposed model outperforms the other commonly used rule-based algorithms, RIPPER and PART, showing that the proposed model is potentially suitable to be deployed into business to classify the documents.

Intelligent Document Processing

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Release : 2023-08-09
Genre : Computers
Kind : eBook
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Book Synopsis Intelligent Document Processing by : Lahiru Fernando

Download or read book Intelligent Document Processing written by Lahiru Fernando. This book was released on 2023-08-09. Available in PDF, EPUB and Kindle. Book excerpt: Document processing is a topic that has gained much traction for many years due to its complexity and manual effort. Many document management systems got introduced to simplify document management. At the same time, Robotic Process Automation (RPA) evolved at a rapid pace connecting with state-of-the-art technologies such as Machine Learning (ML), Artificial Intelligence (AI), and Natural Language Processing (NLP) to understand the ways humans communicate. The technology used for AI, ML, and NLP enabled the world to build models that can learn by themselves and use their intelligence to understand the content of any given document. Today, Intelligent Document Processing (IDP) and RPA work together to automate most document-related activities, freeing up users to focus on more critical tasks. Intelligent Document Processing: A Guide for Building RPA Solutions is a mini-guide that gives the readers insights on methods to achieve the best out of Intelligent Document Understanding solutions built within RPA workflows. Further, the mini-book provides real-world use cases, technical challenges, best practices, industry trends, links to many external research articles, and detailed discussions focussing on building effective and scalable RPA solutions to process documents intelligently. The book also contains the author's personal experiences on multiple intelligent document automation projects. This mini-book should be seen as an overview of the current state of technology, with practical guidance and solutions. Best used as a reference guide to help you with your “Optical AI” initiatives.

Artificial Intelligence for Business

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Release : 2023-11-21
Genre : Business & Economics
Kind : eBook
Book Rating : 88X/5 ( reviews)

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Book Synopsis Artificial Intelligence for Business by : Hemachandran K

Download or read book Artificial Intelligence for Business written by Hemachandran K. This book was released on 2023-11-21. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence (AI) is transforming the business world at an unprecedented pace. From automating mundane tasks to predicting consumer behaviour, AI is changing the way businesses operate across all sectors. This book is an exploration of AI in business applications, highlighting the diverse range of ways in which AI is being used across different industries. The book begins with an overview of AI in business and its impact on the workforce. It then explores the role of AI in marketing, advertising, and tourism. The use of AI in personalized recommendations and chatbots is discussed in detail. The book then moves on to examine how AI is changing the retail industry, improving supply chain management, and enhancing the customer experience. The media and entertainment industry is also examined, with a focus on how AI is being used to personalize content and improve the user experience. The book also explores the use of AI in human resources, insurance, legal, and finance. The impact of AI on talent identification, recruitment, underwriting, document analysis, and financial forecasting is discussed in detail. In the healthcare and sports industries, AI is transforming the way we approach diagnosis, treatment, and training. The book examines how AI is being used to analyse medical images, develop personalized treatment plans, and improve patient outcomes. The use of AI in sports performance analysis is also discussed in detail. Finally, the book explores the use of AI in agriculture, energy, education, and the public sector. The potential of AI to optimize crop yields, reduce energy consumption, and improve the quality of education is discussed in detail. The book also examines how AI is being used to improve public services, such as transportation and emergency services. This book is a valuable resource for academics, researchers, professionals, and policymakers who are interested in understanding the potential of AI in the business world. The contributions from leading experts and researchers provide a comprehensive overview of AI in business applications, and how it is transforming different sectors. The book also examines the ethical dilemmas that arise from the use of AI in business, such as the impact on privacy and data security, and the potential for bias in AI algorithms. It provides valuable insights into how businesses can ensure that the use of AI is ethical and responsible. In conclusion, this book is a must-read for anyone interested in the potential of AI in the business world. It provides a comprehensive overview of AI in business applications and how it is transforming different sectors. The book examines the ethical dilemmas that arise from the use of AI in business, providing valuable insights into how businesses can ensure that the use of AI is ethical and responsible. We hope that readers will find this book informative and thought-provoking.

Artificial Intelligence

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Author :
Release : 2019
Genre : Business & Economics
Kind : eBook
Book Rating : 898/5 ( reviews)

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Book Synopsis Artificial Intelligence by : Harvard Business Review

Download or read book Artificial Intelligence written by Harvard Business Review. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Companies that don't use AI to their advantage will soon be left behind. Artificial intelligence and machine learning will drive a massive reshaping of the economy and society. What should you and your company be doing right now to ensure that your business is poised for success? These articles by AI experts and consultants will help you understand today's essential thinking on what AI is capable of now, how to adopt it in your organization, and how the technology is likely to evolve in the near future. Artificial Intelligence: The Insights You Need from Harvard Business Review will help you spearhead important conversations, get going on the right AI initiatives for your company, and capitalize on the opportunity of the machine intelligence revolution. Catch up on current topics and deepen your understanding of them with the Insights You Need series from Harvard Business Review. Featuring some of HBR's best and most recent thinking, Insights You Need titles are both a primer on today's most pressing issues and an extension of the conversation, with interesting research, interviews, case studies, and practical ideas to help you explore how a particular issue will impact your company and what it will mean for you and your business.

Intelligent Document Processing (IDP): A Comprehensive Guide to Streamlining Document Management

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Genre : Computers
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Book Synopsis Intelligent Document Processing (IDP): A Comprehensive Guide to Streamlining Document Management by : Rick Spair

Download or read book Intelligent Document Processing (IDP): A Comprehensive Guide to Streamlining Document Management written by Rick Spair. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt: The world of document management is evolving rapidly, and organizations are increasingly turning to Intelligent Document Processing (IDP) to streamline their document management processes. This comprehensive guide serves as a valuable resource for individuals and organizations embarking on their IDP journey. It offers a step-by-step approach, practical tips, and best practices to help readers successfully implement IDP and achieve significant improvements in efficiency, accuracy, and cost savings. In today's digital age, the volume and complexity of documents continue to grow exponentially, posing significant challenges for organizations across industries. Traditional manual document management processes are time-consuming, error-prone, and resource-intensive, leading to inefficiencies and missed opportunities. However, the advent of Intelligent Document Processing (IDP) presents a game-changing solution. Intelligent Document Processing combines the power of artificial intelligence, machine learning, and automation technologies to extract and process data from unstructured documents swiftly and accurately. By automating manual tasks, organizations can enhance productivity, improve data accuracy, and optimize their document management workflows. This guide serves as a roadmap for readers looking to harness the potential of IDP and transform their document management practices. The chapters of this guide take readers on a comprehensive journey through the world of IDP. It begins with an introduction to document management and the concept of Intelligent Document Processing. Readers will gain a clear understanding of the benefits and importance of implementing IDP in their organizations. The guide then delves into the key aspects of implementing IDP. It covers topics such as assessing document management needs, identifying document types and formats, analyzing document volume and complexity, and evaluating existing document management processes. These chapters provide practical insights, tips, and strategies to help readers assess their current state and identify areas for improvement. As the journey progresses, the guide dives into creating an IDP strategy, including setting clear goals and objectives, selecting the right IDP solution, and defining key performance indicators (KPIs). It emphasizes the importance of customization and adaptation to align with specific organizational needs and goals. The guide further explores preparing documents for IDP, including standardizing formats and layouts, optimizing image quality and resolution, and implementing document classification and indexing. It provides detailed guidance on leveraging intelligent capture technologies, extracting data from structured and unstructured documents, and validating and verifying extracted data. The chapters also cover crucial aspects such as integrating IDP with existing systems, monitoring and measuring IDP performance, change management, and user adoption. They address data security and compliance requirements, as well as provide real-world case studies and success stories to inspire and educate readers. Throughout the guide, readers will find tips, recommendations, and best practices from industry leaders who have successfully implemented IDP. These insights serve as valuable lessons learned and provide practical guidance for readers as they embark on their IDP journey. In conclusion, this comprehensive guide equips readers with the knowledge and tools needed to implement Intelligent Document Processing successfully. By following the chapters, tips, recommendations, and strategies outlined in this guide, organizations can streamline their document management processes, achieve significant improvements in efficiency and accuracy, and drive tangible business outcomes. The IDP journey begins here, offering endless possibilities for optimizing document management in the digital era.

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