ThirdEye Data, a leading provider of artificial intelligence (AI) solutions, today announced the launch of Optira, an intelligent document processing platform. Optira is a real-world application of generative AI that uses machine learning and natural language processing to extract data from documents, summarize documents, and categorize documents.
Optira has seven key features:
- Intelligent Document Processing: This feature can process data from large amounts of documents as key-value pairs.
- Document Summarization: This feature can summarize large documents to save time and highlight the most important information.
- Document Meta Tags Extraction: This feature extracts metadata from all types of documents, such as the document title, author, and date created.
- Document to Text Extraction: This feature extracts text from large and single documents, so you can easily access the information you need.
- Document or Website Categorization: This feature can categorize a document or website based on its content.
- Custom ChatGPT Conversation: This feature leverages ChatGPT to extract data through conversation from multiple or single documents.
- Semantic Search: This feature allows you to search for data or documents based on keywords.
Optira is a cloud-based platform that runs on Azure. It is also available on other cloud platforms and open source. Optira is currently used by businesses in the BFSI, healthcare, and IT industries.
“We are excited to launch Optira, which is a powerful tool that can help businesses automate their document processing workflows,” said Dj Das, CEO of ThirdEye Data. “Optira is easy to use and can be customized to meet the specific needs of any business.”
Let’s see some statistics on intelligent document processing and generative AI use case across different industries:
- The global intelligent document processing market is expected to reach $11.6 billion by 2030.
- The healthcare industry is the largest user of intelligent document processing, followed by the financial services and insurance industries.
- Generative AI is being used in a variety of document processing tasks, including document summarization, document categorization, and semantic search.
- A study by McKinsey found that intelligent document processing can save businesses up to 80% of the cost of manual document processing.
- Another study by Gartner found that intelligent document processing can improve the accuracy of document processing by up to 99%.
How different industries can leverage Optira
Optira can be used by businesses in different industries to automate a variety of document processing tasks. Here are some examples:
- BFSI: Optira can be used by businesses in the BFSI industry to automate tasks such as:
- Extracting customer data from loan applications
- Summarizing insurance policies
- Categorizing financial documents
- Semantically searching for documents
- Healthcare: Optira can be used by businesses in the healthcare industry to automate tasks such as:
- Extracting patient data from medical records
- Summarizing clinical trial reports
- Categorizing medical images
- Semantically searching for documents
- IT: Optira can be used by businesses in the IT industry to automate tasks such as:
- Extracting software requirements from user stories
- Summarizing technical documentation
- Categorizing software bugs
- Semantically searching for documents
These are just a few examples of how Optira can be used by businesses in different industries. The platform is highly customizable, so it can be used to automate any document processing task that a business needs.
Benefits of using Optira
Optira offers a number of benefits for businesses, including:
- Increased efficiency: Optira can help businesses to automate their document processing workflows, which can lead to significant time and cost savings.
- Improved accuracy: It uses machine learning and natural language processing to extract data from documents with high accuracy. This can help businesses to avoid errors and improve the quality of their data.
- Enhanced compliance: Optira can help businesses to comply with regulations that require them to keep accurate records.
To learn more about Optira, explore us.