Infosource’s Post

Crucial insights into market opportunities within the IDP ecosystem:

JUST ANNOUNCED – the second in the Infosource Capture & IDP Series webinars… WEBINAR: Is Generative AI Going to Kill the IDP Market? Presented by Petra Beck, Senior Analyst, Infosource Thursday, September 5 – TWO sessions for Americas and EMEA attendees 08:00 am EDT and 1:00 (13:00) pm EDT Opinions on the impact of Generative AI on the Intelligent Document and Data Processing (IDP) market range from “it will kill the market” to “it will propel it to the next level.” We see the current state of the market as a glass-half-full or half-empty situation. Glass-Half-Full Perspective: AI technology has become a crucial component of Advanced Capture and IDP solutions, distinguishing successful players in recent years. Advanced AI technologies, including Generative AI, offer opportunities to enhance input ingestion and automate associated business processes. Glass-Half-Empty Perspective: Traditional OCR tools have faced increasing pressure from AI-based tools in recent years. The advent of Generative AI will intensify this pressure, pushing “basic” Document Capture solutions towards obsolescence as they encounter growing competition from Intelligent Capture Solutions. Infosource’s analyst services include an annual assessment of the global Intelligent Document & Data Processing Software market. This analysis is based on a thorough, quantitative assessment of approximately 300 vendors in the global IDP ecosystem and forecasts market demand and changes in end-customer requirements through 2028. In this upcoming webinar, we will preview key findings from the 2023/2024 State of the IDP Market assessment. We will conduct two webinars to cater to different time zones in the Americas and EMEA regions, regionalizing the content for these geographies. If you oversee business or portfolio planning at a vendor or integrator involved in the IDP ecosystem, this webinar offers crucial insights into market opportunities. For end customers considering an investment in an IDP solution, this webinar provides invaluable guidance for your investment planning. REGISTER: https://lnkd.in/e2sAuyAa #Capture #IDP #Documentmanagement #Processautomation #Digitaltransformation #AI #IntelligentCapture #Intelligentdocumentprocessing #webinar #dataprocessing #Intelligentinformation #GenAI #generativeAI #OCR #Documentcapture

WEBINARS September 5: Is Generative AI Going to Kill the IDP Market? Presented by Petra Beck, Senior Analyst, Infosource TWO sessions for Americas and EMEA attendees - 08:00 am EDT and 1:00 (13:00) pm EDT Opinions on the impact of Generative AI on the Intelligent Document and Data Processing (IDP) market range from “it will kill the market” to “it will propel it to the next level.” We see the current state of the market as a glass-half-full or half-empty situation. Glass-Half-Full Perspective: AI technology has become a crucial component of Advanced Capture and IDP solutions, distinguishing successful players in recent years. Advanced AI technologies, including Generative AI, offer opportunities to enhance input ingestion and automate associated business processes. Glass-Half-Empty Perspective: Traditional OCR tools have faced increasing pressure from AI-based tools in recent years. The advent of Generative AI will intensify this pressure, pushing “basic” Document Capture solutions towards obsolescence as they encounter growing competition from Intelligent Capture Solutions. Infosource’s analyst services include an annual assessment of the global Intelligent Document & Data Processing Software market. This analysis is based on a thorough, quantitative assessment of approximately 300 vendors in the global IDP ecosystem and forecasts market demand and changes in end-customer requirements through 2028. In this upcoming webinar, we will preview key findings from the 2023/2024 State of the IDP Market assessment. We will conduct two webinars to cater to different time zones in the Americas and EMEA regions, regionalizing the content for these geographies. If you oversee business or portfolio planning at a vendor or integrator involved in the IDP ecosystem, this webinar offers crucial insights into market opportunities. For end customers considering an investment in an IDP solution, this webinar provides invaluable guidance for your investment planning. REGISTER: https://lnkd.in/eGHcXACG #Capture #IDP #Documentmanagement #Processautomation #Digitaltransformation #AI #IntelligentCapture #Intelligentdocumentprocessing #webinar #dataprocessing #Intelligentinformation #GenAI #generativeAI #OCR #Documentcapture

WEBINARS September 5: Is Generative AI Going to Kill the IDP Market? Presented by Petra Beck, Senior Analyst, Infosource TWO sessions for Americas and EMEA attendees - 08:00 am EDT and 1:00 (13:00) pm EDT Opinions on the impact of Generative AI on the Intelligent Document and Data Processing (IDP) market range from “it will kill the market” to “it will propel it to the next level.” We see the current state of the market as a glass-half-full or half-empty situation. Glass-Half-Full Perspective: AI technology has become a crucial component of Advanced Capture and IDP solutions, distinguishing successful players in recent years. Advanced AI technologies, including Generative AI, offer opportunities to enhance input ingestion and automate associated business processes. Glass-Half-Empty Perspective: Traditional OCR tools have faced increasing pressure from AI-based tools in recent years. The advent of Generative AI will intensify this pressure, pushing “basic” Document Capture solutions towards obsolescence as they encounter growing competition from Intelligent Capture Solutions. Infosource’s analyst services include an annual assessment of the global Intelligent Document & Data Processing Software market. This analysis is based on a thorough, quantitative assessment of approximately 300 vendors in the global IDP ecosystem and forecasts market demand and changes in end-customer requirements through 2028. In this upcoming webinar, we will preview key findings from the 2023/2024 State of the IDP Market assessment. We will conduct two webinars to cater to different time zones in the Americas and EMEA regions, regionalizing the content for these geographies. If you oversee business or portfolio planning at a vendor or integrator involved in the IDP ecosystem, this webinar offers crucial insights into market opportunities. For end customers considering an investment in an IDP solution, this webinar provides invaluable guidance for your investment planning. REGISTER: https://lnkd.in/eGHcXACG #Capture #IDP #Documentmanagement #Processautomation #Digitaltransformation #AI #IntelligentCapture #Intelligentdocumentprocessing #webinar #dataprocessing #Intelligentinformation #GenAI #generativeAI #OCR #Documentcapture

I recently had the opportunity to dive deep into the evolving landscape of AI and discuss the immense value of integrating traditional deterministic AI/ML models with Generative AI. This topic of the value of a ML model vs GenAI models has a lot of buzz in the ecosystem from many industry leaders and advisors " Keith Townsend & David Nicholson ", and it's clear that the most effective use cases don't require choosing one over the other. Instead, these models can work together to provide a powerful, complementary approach that enterprises can readily adopt. Here are some key points and an augmented workflow to illustrate this synergy: Complementary Validation AI Complements Deterministic Validation: By incorporating anomaly detection and predictive corrections, AI enhances the reliability and accuracy of deterministic models. Dynamic Transformations Handling Complexity with AI-Driven Transformations: While deterministic rules manage stable patterns, AI-driven transformations excel in handling complex scenarios, ensuring robustness and adaptability. Automated Enrichment Context-Aware Annotations and Integrations: AI enriches data with context-aware annotations and external data integrations, adding depth and value to the information processed. Optimized Distribution Predicting and Mitigating Bottlenecks: AI predicts potential bottlenecks and optimizes data transfer, ensuring efficient and smooth operations. Continuous Learning Refining Models through Feedback Loops: Feedback loops are crucial for refining both deterministic rules and AI models, ensuring continuous improvement and adaptation. Augmented Workflow with GenAI: Data Producer Application ↓ Data Ingestion ↓ Initial Data Validation & Quality Check (Deterministic Rules & AI Agent) ↓ Hybrid Data Transformation (Deterministic + AI-Driven Transformations) ↓ Data Annotation & Enrichment ↓ Structured Data Formatting (Deterministic + AI Validation) ↓ Data Storage & Versioning ↓ Intelligent Data Distribution (Deterministic + AI Optimization) ↓ Consumer Application Utilization ↓ Continuous Monitoring & Feedback Integration ↺ This is not one or the other its driving each others supper power: Combining deterministic AI/ML models with Generative AI allows enterprises to leverage the strengths of both approaches. This hybrid model enhances data accuracy, handles complexity more effectively, enriches information, optimizes processes, and continuously improves through learning. These synergies represent low-hanging fruit for enterprises looking to adopt GenAI, providing a clear path to enhanced performance and innovation. Join us KamiwazaAI in exploring how the fusion of deterministic and Generative AI can revolutionize your enterprise operations! #AI #ArtificialIntelligence #MachineLearning #GenerativeAI #5IR #DeterministicAI #EnterpriseAdoption #Innovation #FutureOfWork #EnterpriseGenAI

Interesting discussion. Be sure to tune in to Keith Townsend series underway, also. 100 days of AI.

Some more interesting insights💡from our latest 👉AI Maturity Report for the Business Services sector 👈

💡 What's the appetite for future adoption of key AI technologies across the GBS/SSC sector?   Read on for more insights from our '2024 Report on AI Maturity in Business Services' (link to the report in the comments) 📊 ✅ Intelligent Document Processing (IDP)   IDP is gaining traction in many organizations, significantly enhancing efficiency and accuracy in document-centric workflows.   ► Moving forward, a majority of companies leveraging IDP plan to expand and integrate this technology into more operational areas, aiming to streamline processes and improve data quality. ► Some organizations are focusing on refining their IDP implementations through optimization and enhancement efforts, while others are initiating pilot projects to explore its potential. ► A few companies are pushing the boundaries of innovation, striving to set industry benchmarks with advanced IDP applications.   ✅ Machine Learning (ML)   ML is building it widespread adoption in the business services sector.   ► Numerous organizations are exploring ML through pilot projects, highlighting the growing interest and investment in this technology.  ► Companies that already use ML are gearing up to expand and refine their implementations, with some leading the charge in innovation. ► Many businesses are focused on optimizing their current ML applications, while others are scaling these initiatives across more operational areas.   ✅ AI Conversational Platforms (AICP)   Companies are increasingly recognizing the value of AICP for enhancing customer interactions and streamlining operations.   ► A lot of future adopters are starting with pilot projects to identify use cases and explore its capabilities ► Those organizations that already use AICP are planning to expand their initiatives, integrating them into more areas to drive value across various business functions.  ► Some are focusing on refining their current AICP applications, looking for even more business value from the investment.   ✅ Generative AI (GenAI)    Businesses are eager to explore and scale their GenAI initiatives, leveraging this technology to enhance operations and drive innovation.   ► Many organizations are initiating pilot projects to explore GenAI's capabilities, aiming to identify the most impactful use cases and best practices.  ► Those companies that are on the GenAI adoption journey already, intend to integrate their existing initiatives into other operational areas. ► Additionally, a few companies are pushing for breakthrough innovations, using GenAI to set new benchmarks and revolutionize their operations. #RPA #IntelligentAutomation #AI #GenAI #DocumentUnderstanding #MachineLearning

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