How modern companies are saving time, nerves and money with intelligent technology
If the term “NLP” makes you think of communication training or coaching first – we can understand that. After all, NLP also stands for neuro-linguistic programming.
But in the world of digitalization, NLP means something completely different – and this is exactly what has the potential to radically change the way companies work with information.
We are talking about Natural Language Processing – natural language processing that enables machines to understand human language. And this is particularly exciting when it comes to processing documents.
Natural Language Processing (NLP) is a sub-area of Artificial Intelligence (AI). The aim is to teach computers to understand and process language – whether in the form of written text or spoken language.
Thanks to NLP, systems can now:
And this opens up completely new possibilities for companies – especially where large volumes of documents have to be processed on a daily basis.
Whether invoices, delivery bills, contracts or order forms – unstructured data piles up in many companies. And this data is often still processed manually: typed, checked and sorted.
This is prone to errors, costs time and ties up resources.
With NLP, these documents can be analyzed and processed automatically. Machines not only recognize the words, but also understand their meaning in the respective context.
Here are some of the powerful technologies that companies are already using today:
Printed or scanned documents are read – but not just as “blocks of text”, but structured in terms of content. For example: The system recognizes “invoice number”, ‘customer’, “total amount” and sorts the data automatically.
Is the document an invoice, a contract or a credit note? NLP systems recognize the type and automatically forward the file to the correct place in the workflow.
Who bought what and when? What belongs together? NLP recognizes relationships between information, e.g. between order numbers, delivery dates and contact persons.
Instead of just searching for keywords, the system can search on the basis of meaning. For example, a search for “late delivery” also returns results such as “late delivery” or “not arrived on time”.
NLP helps to summarize the most important content in a nutshell – without losing the context – especially for long contracts or documentation.
NLP is therefore much more than a technical buzzword – it is a real lever for efficiency, quality and sustainability.
Natural Language Processing takes document processing to a whole new level. It helps companies to access information faster, automate processes and improve data quality at the same time.
The technology is no longer just a dream of the future – it is ready for use and powerful. The only question is: Are you already using its potential?
Our DocBits solution uses state-of-the-art NLP technologies to understand and process documents in a matter of seconds – whether it’s an invoice, order or contract.
Write to us and find out how you can use NLP in your company – without complicated IT projects, but with measurable benefits.
Image credits: Header- & featured image by freepik
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