The paradigm shift of global shoppers has changed from offline to online in recent years. The eCommerce industry is currently a $7.5 trillion economy and is growing at a very fast pace according to a report. This rapidly growing eCommerce … Read More
IDP
How Automate Shipping Label Data Extraction with AI & IDP: Faster, Smarter & Error-Free.
Struggling with manual shipping label data extraction? Imagine reducing errors, cutting costs, and processing thousands of labels in minutes—without lifting a finger! In today’s competitive logistics landscape, businesses of all sizes—from small e-commerce stores to massive distribution centres—face mounting pressure … Read More
Automating Loan Document Data Extraction with Intelligent Document Processing: A Case Study
The process of applying for a home loan, car loan, education loan, or any type of personal or business loan is a lengthy one. It involves extensive documentation, verification, validation, screening, and ultimately, loan approval. Numerous documents are essential in … Read More
Supply Chain Data Extraction: How IDP and AI can Transform Data Extraction and Enhance Work Efficiency.
The global supply chain industry is expected to reach $30.91 billion by the end of 2030, according to a report. As it continues to grow rapidly worldwide, so do the challenges of supply chain data extraction, due to the rise … Read More
Data Extraction for the Legal Industry : How Intelligent Document Processing (IDP) Can Transform Legal Industry Document Workflow
Data Extraction for the Legal Industry : How Intelligent Document Processing (IDP) Can Transform Legal Industry Document Workflow The global law and legal services industry is expected to reach $1,591.56 billion by the end of 2032, according to a report. … Read More
How to Extract Data from Purchase Orders With AlgoDocs Purchase Order OCR. A Comprehensive Guide For 2025
Purchase orders (POs) are critical documents in business operations. They ensure clear communication between buyers and sellers, detailing the goods or services, pricing, and other contractual terms. With the rise of digitization, extracting data from purchase orders efficiently has become … Read More
Bank Statement Extraction: How To Revolutionize Financial Data Management with AlgoDocs AI
Introduction In today’s world, managing financial data quickly and accurately is very important. One task that takes a lot of time is bank statement extraction. Thanks to technology, especially Optical Character Recognition (OCR), and more advanced technology like Intelligent Document … Read More
Insurance Data Extraction: Automating Policy and Claim Processing with AI
The modern insurance industry swims in a sea of data. This data, essential for everything from underwriting to claims processing, comes in many forms: policy applications, medical records, accident reports, legal documents, and customer interactions. These can be physical papers, … Read More
Top 5 Challenges in Document Data Extraction and How to Overcome Them With AlgoDocs
In today’s fast-paced digital world, document data extraction has become an essential process for businesses across various industries. Whether it’s extracting data from invoices, medical records, contracts, or financial reports, the need for efficient and accurate document processing has never … Read More
OCR vs IDP: Which one is better? How to choose the right technology to elevate your business.
The debate OCR VS IDP—often sparks conflicting opinions, as the choice depends on the specific needs and nature of the technology required. Both technologies serve the purpose of extracting data from various types of documents for business and personal use. … Read More