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Optimized Operations with IDP (Intelligent Document Processing)

Zoha Shakoor

Content Strategist

February 29th, 2024

Intelligent Document Processing (IDP) is a modern approach to document processing that integrates automation and intelligence into the handling of documents. IDP systems can learn from the data they process and identify patterns, which makes the process of managing information more efficient. 

According to  Grand View Research, the global IDP market size was valued at USD 1.29 billion in 2020 and is expected to grow at a CAGR of 35.4% from 2021 to 2028. This growth indicates a trend towards more automated and intelligent document handling solutions across different sectors, driven by the need to process large volumes of data and improve operational efficiencies. 

Infographic showing the importance, benefit and use cases of IDP (Intelligent Document Processing)

Final Word  

Intelligent Document Processing (IDP) is a strategic asset that offers more than just a tool for businesses. It simplifies the handling of unstructured data. As companies navigate the digital landscape, embracing IDP will be crucial to transforming obstacles into opportunities, particularly with the vast amounts of unstructured data they encounter.  

With Astera, a leading data extraction solution, managing unstructured data becomes fully automated and more straightforward.  

Dive into the future with confidence, visit our website or schedule a demo today to experience that your document processing is powered by the best IDP technology available.

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