Intelligent document processing incorporates automation to capture, extract, and process data from various formats including, forms, images, PDFs, and ZIPs. By leveraging API-based technology, businesses are able to free up human capital to focus on higher-value tasks by automating the multitude of documents they need to handle on a daily basis. Base64.ai has built a sophisticated OCR document processing automation platform that can handle 700+ document types off the shelf with the ability to adapt to continuously improve and expand its capabilities through AI. By coupling AI with OCR, the platform is able not only exponentially improve data extraction accuracy vs just using OCR alone but also accommodate more types of documents. Base64.ai is flexible in its implementation with a cloud-based solution, on-premise, and can even be incorporated to power enterprise RPA platforms. With data, both unstructured and structured, powering the future of the enterprise and business, the intelligent data processing market is forecasted to demonstrate a 34.6% CAGR through 2027. AlleyWatch caught up with Base64.ai Head of Marketing Andy Karuza to learn more about how the experience of onboarding Uber drivers served as the catalyst for the company, the company’s strategic plans, and latest round of funding from investors that include Long Journey Ventures and Data Community Fund.

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• Source: https://www.alleywatch.com/2022/03/base64-ai-automated-intelligent-document-processing-platform-data-extraction-andy-karuza/