Over the past few years, there have been countless new technology developments that have advanced the workforce — from video and chat platforms that keep employees connected to automation solutions that boost productivity. One of the more popular developments has been intelligent document processing (IDP), used to extract data from structured and unstructured content to automate high-volume, repetitive document processing tasks. In fact, IDP has become so popular that, in 2022, the IDP market size was estimated to be at about 1.1 billion USD, but according to Research and Markets, it’s expected to grow to 5.2 billion USD by 2027.
Despite the popularity of IDP, there are some iterations of the tool that lack the processing power needed to automate complex end-to-end business processes. Fortunately, robotic process automation (RPA) can step in to bolster your tech stack and solutions.