{"id":27564,"date":"2023-12-19T10:17:45","date_gmt":"2023-12-19T09:17:45","guid":{"rendered":"https:\/\/stage-fp.webenv.pl\/blog\/?p=27564"},"modified":"2024-01-31T11:12:59","modified_gmt":"2024-01-31T10:12:59","slug":"how-do-nlp-and-idp-address-business-challenges","status":"publish","type":"post","link":"https:\/\/www.future-processing.com\/blog\/how-do-nlp-and-idp-address-business-challenges\/","title":{"rendered":"How do NLP and IDP address business challenges?"},"content":{"rendered":"\n

On the other hand, \u201cdata is the new oil, valuable, but if unrefined it cannot really be used<\/a>\u201d. If used wisely it brings important benefits to every organisation. So how to process those tones of data to achieve what we are after? One of the answers is NLP and IDP.<\/p>\n\n\n\n


Challenges around data<\/h2>\n\n\n\n

Data is used by organisations of all sectors: insurance, legal, finance, marketing, pharmaceutical. And in all of them it presents similar challenges. The most important of them is the sheer quantity of it in different documents and systems<\/strong> \u2013 just think about all contracts, receipts, images, invoices that you deal with in your everyday life! <\/p>\n\n\n\n

Processing them is extremely monotonous: it consists of repetitive activities such as entering information in the right place, classifying documents.<\/p>\n\n\n\n

Very often employees need to process multiple documents and information from clients at the same time,<\/strong> which can be very error-prone. There are also different types of documents they take care of, and each can have a very different way of being filled. <\/p>\n\n\n\n

Another important challenge here is prioritising when it comes to customer service<\/strong> \u2013 how to extract clients\u2019 opinions about our organisation and how to understand which information is the most important one?<\/p>\n\n\n\n


What is NLP?<\/h2>\n\n\n\n

An answer to many data-related challenges and problems in business is NLP<\/a> \u2013 Natural Language Processing. We can describe it as a field of artificial intelligence (AI) and computational linguistics that focuses on the interaction between computers and human language.<\/strong><\/p>\n\n\n\n

Its primary goal is to enable computers to understand, interpret and generate human language in a way that is both valuable and meaningful.<\/p>\n\n\n\n

NLP is often used in IDP (Intelligent Document Processing)<\/strong> to enhance the automation of document-related tasks. It allows to smartly process documentation, no matter whether it\u2019s a PDF, a Word document, a scan or an audio file. With the right tools, all of those forms can be processed, structured and converted.<\/p>\n\n\n\n


<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n


Examples of using NLP in business<\/h2>\n\n\n\n

Automation using NLP and processing of language is being used in business more and more often. Let\u2019s look at when exactly it can be used, and which benefits it may bring to your organisation.<\/p>\n\n\n

\n
\n \n \"NLP <\/a>\n
NLP can be used by organisations for<\/figcaption>\n <\/figure>\n \n
\n
\n \n Close picture \n <\/use>\n <\/svg> <\/button>\n
\n
\"NLP NLP can be used by organisations for<\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n<\/div>\n <\/div>\n\n\n\n

NLP can be used by organisations:<\/p>\n\n\n\n