Advanced Document Understanding refers to the application of artificial intelligence technologies, such as machine learning, deep learning, and expert systems, to extract meaningful information from various types of documents. By combining these AI approaches, businesses and governments can automate the processing of documents, enabling more efficient and accurate analysis.
One example of Advanced Document Understanding is Lazarus AI’s RikAI platform. Models like this platform can extract data from documents without the need for training or retraining. It can work with any document type, format, or language and can even recognize human handwriting. The platform understands over 40 languages and utilizes explainability metrics to provide confidence scores and bounding boxes.
Unlike previous-generation Intelligent Document Processing (IDP) tools, a platform such as RikAI overcomes common limitations such as struggling with handwriting, requiring template building, and experiencing drops in accuracy when new document layouts are introduced. It also eliminates the need for gathering and labeling large amounts of training data. RikAI in particular offers high accuracy in interpreting typed text and even physician handwriting.
As businesses and governments increasingly integrate AI into their operations, the demand for sophisticated and precise solutions for document understanding grows. Lazarus AI positions itself as a leader in next-generation IDP, providing valuable AI-powered capabilities for advanced document processing.