ABBYY is meeting the $5.3 billion market demand for purpose-built AI to deliver process optimization by offering two new Process AI solutions: Process AI for Consulting (PAIC) and IDP Analytics. The solutions provide ABBYY partners and customers with advanced process insights and optimized document-centric operations.
PAIC is specifically tailored for ABBYY partners to empower them with the process intelligence to accelerate project timelines, offer deeper data-driven insights, and drive measurable outcomes for clients. PAIC gives consultants quick, flexible and hassle-free access to ABBYY’s market-leading process intelligence platform, ABBYY Timeline, to help ensure businesses don’t waste their AI investments due to inefficient processes. PAIC empowers consultants to identify critical inefficiencies and improvement opportunities, deliver a precise roadmap for success, and monitor outcomes with a flexible licensing program free from technical and administrative stressors.
Commented Bruce Orcutt, Chief Marketing Officer at ABBYY, “Process AI for Consulting goes beyond surface-level analytics by transforming raw, disparate data into streamlined and actionable insights. Consultants can identify issues, implement solutions, and monitor progress within a single intuitive platform. This clarity drives impactful results and strengthens client trust.”
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To address the challenge of 90% of documents being unstructured within organizations’ business processes, ABBYY has released IDP Analytics. IDP Analytics augments ABBYY’s intelligent document processing (IDP) workflows with powerful, data-driven insights illuminating value potential, cost-saving opportunities, process bottlenecks, and areas for optimization. By seamlessly combining ABBYY’s IDP and process intelligence technologies, it provides a unified view that empowers organizations to continuously improve document-centric operations.
In just a few steps, IDP Analytics delivers a dynamic digital twin of the document process, complete with pre-built dashboards that track key metrics like average processing time, cost, and straight-through rates. These can be tailored to business priorities, revealing inefficiencies, benchmarking performance, and uncovering clear opportunities for optimization.
“IDP Analytics provides customers with the ability to understand and measure the business value and impact of their IDP platform – whether it’s employee productivity gains, accelerating customer service response times or reducing the cost per document processed,” Orcutt added. “We accomplish this by leveraging our proven Process AI to deliver a comprehensive, analytics-driven approach to document-centric programs that has proven to return millions of dollars in savings.”
Source: BusinessWire