The Impact of Intelligent Document Processing on the Data Value Chain
Data is an enormously valuable resource for organisations seeking to stay competitive. However, many companies are not yet maximising the value of this crucial asset. Data can gain value at many stages ranging from initial data preparation to generating useful insights. This can be represented as a series of steps called the Data Value Chain (DVC).
This paper presents Intelligent Document Processing (IDP) as a foundational way to add value to data and to enable it to reach later stages of the DVC. It will discuss some benefits of this solution, as well as some Nexus FrontierTech use cases demonstrating how IDP can augment data to boost operational efficiency.
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