UiPath Document Understanding: A Game Changer?

Companies around the world are realizing the need for automating digital tasks through Robotic Process Automation (RPA)faster than expected. The global robotic process automation market was valued at USD 7.11 billion in 2021 and is projected to grow at an impressive rate of 23.4% annually in the current decade. An important RPA use case, andone of the fastest growing is Intelligent Document Processing (IDP).

What is Intelligent Document Processing

Intelligent Document Processing is the capability of collecting, generating, and/or interpreting documents, which allows organizations to free up resources from the manual and time-consuming work of processing digital documents manually. Intelligent Document Processing allows Bots to analyze documents and take actions based on their understanding of the documents.

There is an inherent challenge with Document Processing – as much as 90 percent of enterprise documents tend to be unstructured. To tackle this challenge, RPA solution providers empower their solutions with cutting-edge AI and Machine Learning technologies like Natural Language Processing and Deep Learning through neural networks.

UiPath’s Document Understanding

UiPath’s Document Understanding solution is an AI-driven technology that is developed to help read and process documents automatically with the help of software robots. Enabling AI technology makes the process intelligent because of which robots are able to identify and locate data even if the type or format of the document changes.

The solution follows a similar logical flow as the manual processing of documents –

Source: UiPath

UiPath encourages the use of Machine Learning Models for the Classify and Extract stages. UiPath has allowed the use of ML Models in 3 different ways –

1. Using pre-trained ML models for frequent documents like invoices, passports, IDs, bills, purchase orders, etc. which have been trained on thousands of documents from different geographies and which can be used directly in the RPA process.
2. Using ML models by training them on user-provided documents. These help the models learn specific use cases.
3. Uploading and using custom ML models created for hyper-specific use cases. UiPath provides assistance in creating these custom ML models as well.

Advantages

UiPath Innovations around Document Understanding

Get Started with the Experts

TSP is certified in UiPath Document Understanding through the UiPath Services Network (USN). In the past 2 years, we have helped several clients achieve their automation objectives through Document Understanding. We have helped our clients in automating their payment processes, redact sensitive information for compliance purposes, and extract information from various forms and IDs for meeting company policy requirements.

In this course, we have experimented with multiple OCRs and also successfully delivered projects using the Digitization Service. We now have a good handle on multiple pre-trained Machine Learning Models and have also used the public classification endpoint for a time-sensitive project.

TSP is committed to helping our customers envision a fully automated enterprise and reach their automation goals by providing them with the latest UiPath Innovations and automation expertise.