Definition and the importance for companies: Data plays a critical role in the success of a business, and especially in today’s digital era more than ever.
Imagine that all invoices you receive are processed automatically.
Our DocBits automated invoice processing uses the power of artificial intelligence to make it happen.
Digital files have a clear advantage over paper documents. Data processing technology is able to optimize document digitization via AIand machine learning.
Almost all business processes begin, include or end with a document. So companies tend to sit on a pile of data. Of which, 80% is unstructured.
By now, it is no secret that AI can help speed up workflows and improve processes.
Especially when it comes to invoice processing, digitalization can help companies grow immensely by saving time and money.
Did you know that only 20% of company data is structured?
Chances are, you are sitting on a pile of documents. Think PDF, emails, customer feedback, patents, contracts, technical documents, sensitive documents, personnel files and so on.📑