OpenBots Documents with GPT, Version 2.1, is revolutionizing the Intelligent Document Processing (IDP) industry. The OpenBots team unveiled their latest upgrade at an exclusive event, showcasing their innovative approach that combines existing machine learning components with Microsoft Azure’s GPT technology.
According to Ashish Nangla, CTO at OpenBots, “OpenBots Documents with GPT eliminates the need for traditional and proprietary ML models and training interfaces. Instead, it utilizes Large Language Models like GPT and LLaMA as next-generation AI technology to extract and classify information. This allows digital workers to extract data from structured and unstructured documents and use it in line of business applications.”
IDP has been fragmented for several reasons, with most vendors using proprietary machine learning models that require extensive implementation and training. However, even with these efforts, the accuracy and effectiveness of most IDP products are lacking. Some vendors have attempted to improve accuracy levels by focusing on industry segments or sub-segments to train their ML models more effectively, but the introduction of OpenBots Documents with GPT changes everything.
Jason Dzamba, Director of Media Relations at OpenBots, invites everyone to join their virtual events to see how different industries are utilizing OpenBots Documents with GPT. He said, “The reaction to the tool has been amazing, and we would like to share our platform with everyone in the business. I invite you to join us and try the tool yourself.”
OpenBots 2.1 uses Microsoft Azure’s GPT technologies to extract and analyze data from documents such as invoices, contracts, and forms. OpenBots Documents is used in various industries, including healthcare, finance, legal, banking, and other institutions with a high volume of document transactions.
Gilberto Marcano, OpenBots’ CMO, said, “A process that used to take months training IDP models is now reduced to minutes, and the accuracy increased to over 95%. This is amazing! We are extremely proud of our leadership and development team for being proactive by providing the necessary implementation plan for this new AI technology that is already disrupting the industry.”
OpenBots offers a free 30-day trial for users who want to test the technology with their own documents. Plans start at $99 per month for individual users, and $999 and $1,999 per month for medium and larger companies.
