Intelligent Document Processing (IDP) refers to the use of advanced technologies like Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to automate the processing of unstructured data contained within documents. It is a subset of the broader field of Robotic Process Automation (RPA) and focuses on handling unstructured data that is typically found in documents such as invoices, receipts, contracts, forms, emails, and other textual information.
The traditional method of processing documents involves manual data entry, which can be time-consuming, error-prone, and expensive. IDP seeks to streamline this process by using AI algorithms to read, interpret, and extract relevant information from documents automatically.
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