How AI can be used for document analysis

 

 

 

Artificial intelligence has a myriad of uses, but one of the most common is to analyse documents. This is because of the sheer amount of documentation that a small to large company accumulates when doing any operation. they contain useful data that needs to be processed in some way, and what a better way that to process automatically with higher accuracy and efficiency than AI?

What is possible when analysing documents?

Data extraction 

Data extraction is the most common use of AI in document processing. Usually it consists of using the AI to extract specific parts of the document to send elsewhere or consolidate for better use. An example could be to pull out the dates of a number of documents to label to documents accordingly, this can be difficult as the data could be added in a number of formats eg dd/mm/yy or written in longhand. The AI could deal with this and very quickly extract that data from a huge range of documents in little to no time at all. 

Document classification 

Another use of AI is to analyse the whole document and classify it, for example the document could be client based or internal, invoice or purchase order, project 1 or project 2. Machine leaning is mostly used for this, either supervised, where the perimeters of what makes each document what get programmed; or un-supervised where the documents are analysed by the AI, which then provides a personalised machine able to ‘understand’ what makes each document fit in each class

Document processing 

Document processing is more an amalgamation of multiple processes that can be used to provide a more complex output, such as replacing a back office process, such as invoice processing. This type of system could use NLP (natural language processing) this is where the AI is focused at recognising or understanding the details that text could include, such as instructions or annotations of a document. Put this together with other machine learning systems it can provide a comprehensive solution to analyse any document 

From here many things are possible, below are a list of common uses for a document analysis engine:

  • consolidating into a single file or folder the same type of document 
  • logging the data from multiple documents into a single, accessible location 
  • flagging documents and sending email (or other) notification to the right user
  • adding security limitations to certain documents 
  • send the document to the correct department or user
  • provide analytics on the data extracted from a number of documents 
  • and more 

Because document analysis is such as common use for AI (one of the first) its range of applications is numerous. regardless of the requirements or the details of a existing back office process, it is very likely that a AI system could be used to assist or improve what is existing.  

With the extra pressure of lockdown efficiency is more vital than ever, AI systems, used in the right way can add a vital edge in adding efficiency.

For more information on what is possible and how document analysis using AI can help you, contact Pro AI via info@proai.co.uk to find out more.

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