Intelligently process vast amounts of documents 'at speeds not previously possible'
AI cloud provider H2O.ai has announced general availability of H2O Document AI, a machine learning service that understands, processes, and manages the large volume and types of documents and unstructured text data that businesses and organisations handle every day. H2O Document AI streamlines processes, reduces costs, and discovers new information and insights contained in documents. H2O Document AI “learns as it goes,” continuously improving processing accuracy using H2O.ai’s latest innovations in machine learning and deep learning.
H2O Document AI provides automation not previously possible by combining state-of-the-art Intelligent Character Recognition (ICR), Natural Language Processing (NLP), computer vision and layout intelligence. H2O Document AI comes pre-built with recipes created by H2O.ai’s two dozen Grandmasters (best in the world data scientists); a sophisticated labelling and training workflow; self-service capabilities to create, deploy, and manage high-accuracy AI models to classify documents and pages, in addition to extracting value, and meaning. The service has flexible out-of-the-box document pre- and post-processing and seamlessly integrates with customers’ existing business processes and workflows. H2O Document AI not only identifies entities and classifies them, but also understands the document and constituent pages, sections, and layout to provide additional context that can help drive decision-making and lead to an improved end-customer experience.
Document data can easily be used to build smart searches on large archives of documents, or it can be loaded into a datastore to be queried, analysed, audited, or used by other applications. H2O Document AI provides a workflow that goes from labelling to training to scoring to low touch integrations and consumption options. The types of documents that benefit from AI-enabled ICR and NLP are numerous, including mortgage paperwork, receipts, applications of all kinds (life insurance, jobs, loans), tax documents, employment records, and more.
“Our banking, insurance, health, audit, and public sector customers each process billions of documents every year. Documents are the fastest growing source of data in the enterprise, ranging from contracts, bank statements, invoices, payroll reports, regulatory reports, and medical referrals to customer conversations in text, chat, and email,” said Sri Ambati (pictured), CEO and founder of H2O.ai. “H2O Document AI enables customers to sieve intelligence across a wide variety of document types not possible before, with unprecedented accuracy and speed. With H2O Document AI businesses can now seamlessly integrate insights from documents to their feature stores and transactional systems to delight their customers.”