Datamatics Enhances Intelligent Document Processing with Generative AI Integration in TruCap+ IDP

Datamatics, a leading global Digital Technologies, Operations, and Experiences Company, today announced the successful integration of Generative AI with Datamatics TruCap+, an AI-powered, template-free Intelligent Document Processing (IDP) solution. This innovative development marks a significant leap forward in the field of document processing.

Generative AI refers to a branch of artificial intelligence that focuses on creating or generating new content, such as images, text, or other data, based on existing patterns and examples. By integrating Generative AI with TruCap+, data-intensive businesses across industries such as BFSI, Healthcare, Pharma, Manufacturing, and Logistics can extract valuable insights in cost-effective, efficient, and accurate manner. Data extracted through TruCap+ integrates well with Robotic Process Automation (RPA) to deliver benefits of true automation.

Mr Shashi Bhargava, EVP & Head Product & Solutions of Datamatics, expressed, "Generative AI is one of the most sought-after technologies today. It will disrupt and uncover opportunities beyond imagination. At Datamatics, we are committed to bringing the benefits of this technology to our TruCap+ clients." he added, "We are excited to bring the capabilities of Generative AI by integrating OpenAI with TruCap+. Through this integration organisations can now leverage power of Generative AI in document processing for enhanced accuracy, built-in data querying, support for multiple languages and many such capabilities."

This integration positions TruCap+ as a far superior IDP solution compared to existing options. The enhanced solution addresses the limitations of traditional methods while offering a range of powerful capabilities, including:

- TruCap+ uses Generative AI for out of the box extraction with high accuracy.

- TruCap+ seamlessly incorporates documents from different channels, formats, and layouts without requiring any setup or configuration time. So, organizations can quickly add new data sources without hassle.

- TruCap+ can perform complex checks and validations on the extracted data using prompts that resemble specific business rules or criteria. This makes it easy to extract insights and ensure data quality. TruCap+ provides built-in functionality to query and analyse the extracted data within the same environment or interface. This makes it convenient for organizations to work with the data without switching between different tools.

- TruCap+ extracts information from multiple documents or data sources and combines relevant data points to create a more accurate output. This helps resolve inconsistencies, fill in missing information, and validate data against multiple sources, enabling organizations to make confident data-driven decisions.TruCap+ can accurately extract data from documents written in various Roman script languages such as English, Spanish, French, Italian, German, and many more

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 546.90 as compared to the previous close of Rs. 549.25. The total number of shares traded during the day was 24389 in over 1187 trades.

The stock hit an intraday high of Rs. 554.50 and intraday low of 542.70. The net turnover during the day was Rs. 13356544.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 GenerativeAI DatamaticsTruCapplus IntelligentDocumentProcessing