Automate insurance submission workflows and seamlessly process ACORD and supplemental forms with Kanverse.
Automate insurance submission workflows and seamlessly process ACORD and supplemental forms with Kanverse.
#Blog Published On May 23, 2024
Intelligent Document Processing (IDP)
is wiser with OpenAI/ChatGPT integration
Kanverse.ai, with its Moonstone release, provides an option to integrate its Intelligent Document processing product (IDP) suite with OpenAI/ChatGPT, which in turn uses an advanced Large Language Model (LLM). The future of IDP is here and now!
What are LLMs?
"Large Language Models" is a term used to describe advanced Artificial Intelligence (AI) models, such as GPT-3 and GPT-4 (that power OpenAI/ChatGPT). What makes these large language models highly efficient is that these models have been trained on billions (GPT-3) and trillions (GPT-4) of data points. They are now beginning to be integrated across Enterprise applications.
What is Intelligent Document Processing (IDP)?
Intelligent document processing (IDP), on the other hand, enables the digitization of document processing for enterprises from ingestion, classification, extraction, and validation to filing. Kanverse.ai, for example, not only uses a patented multi-stage AI engine comprising of Computer vision, Fuzzy Logic, Natural Language Processing, and Machine learning to extract the documents with a very high extraction accuracy of up to 99.5%, it validates the extracted data against pre-fetched data from systems of records, looks for potentially fraudulent transactions using AI/ML and after validation utilizes its in-built workflow engine to file these documents into systems of records and other third party systems as needed.
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How does OpenAI/ChatGPT integration with IDP change the game?
AI-powered Kanverse helps enterprises build "Zero-Touch" document processing workflows. It automates the processing, validation, and filing of unstructured, semi-structured, and structured documents. Kanverse IDP digitizes document processing for enterprises from ingestion, classification, extraction, validation to filing. Extract data from a wide gamut of documents with up to 99.5% accuracy using its multi-stage AI engine. Kanverse combines multiple AI technologies like Computer vision, ML, NLP, fuzzy logic and Generative AI with OCR for the extraction. Although integrating Intelligent Document Processing with Generative AI is still in its early stages, the potential for future development is enormous.
Automate insurance submission workflows and seamlessly process ACORD and supplemental forms with Kanverse.
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