What is intelligent document processing?

Intelligent Document Processing (IDP) is a technology that uses artificial intelligence, machine learning, and optical character recognition (OCR) to automatically extract, classify, and process data from a wide variety of documents. This includes both structured forms and unstructured documents like emails, invoices, and contracts. IDP streamlines workflows by minimizing manual data entry, increasing accuracy, and accelerating the handling of large volumes of documents in industries such as finance, healthcare, and insurance.