What is Intelligent Document Processing?

According to Statista, the total enterprise data volume will double by 2022 worldwide, reaching more than 2 petabytes. About 80% of this data will be unstructured, and it is less than rewarding for the human workforce. Intelligent document processing solutions are particularly relevant for analog, document-heavy industries, like insurance, healthcare, banking, and finance. The tech pillars powering IDP span optical character recognition and artificial intelligence, including natural language processing and computer vision, for automating document processing.