Advances global companies’ digital transformation by digitizing data
AI inside Inc., a provider of an AI platform, announces our “DX Suite” is expanding its AI-empowered optical character recognition (AI-OCR) to support simplified Chinese in addition to traditional Chinese, Thai, Vietnamese, English, and Japanese. DX Suite can digitize the content of documents and advances digital transformation for global companies.
The global intelligent document processing (IDP) market, which uses AI technology to extract data from documents, is expected to reach USD 3.7 billion by 2026, growing from USD 0.8 billion in 2021, due to the increase in the need for accurate management and processing of large volumes of documents (*1). With society moving towards digital transformation, companies and organizations in many countries are shifting to paperless and digitizing data. However, companies are still handling and receiving many paper documents from their clients and partners.
“DX Suite” is a number-one (*2) highly accurate AI-OCR service in Japan, digitizes all kinds of documents with AI inside’s in-house developed “character recognition AI.” It contributes to automating the data entry work that has been completed manually and leads to improvement of productivity and digital transformation for many companies.
With the added support of simplified Chinese in addition to other languages, “DX Suite” can now support more companies and organizations in mainland China, Singapore and Malaysia, Taiwan, Thailand, and other regions for their digital transformation. AI inside continues to support multiple languages and accelerate business expansion in Asia and other global markets.
*1: Intelligent Document Processing Market by Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Organization Size, Technology, Vertical (BFSI, Government, Healthcare and Life Sciences), and Region – Global Forecast to 2026
*2: Report (Published in Feb 2020) of “Market Dynamics of OCR Solution expanding with AI OCR,” Deloitte Tohmatsu MIC Research Institute Co., Ltd.
Use case of digitizing documents written in simplified Chinese
Companies in China, such as those selling goods, need to submit an “invoice” as a form for reporting Value Added Tax to the Chinese tax authorities. While there has been progress in electronic filing, paper forms remain at offices. With “DX Suite” connecting and the Robotic Process Automation (RPA), users can automate data entry work for various companies and organizations.
A demonstration will be available at the following exhibition:
- Exhibition name: Shanghai International Artificial Intelligence Exhibition
- Venue: Shanghai New International Expo Centre
- Booth: A22 52
- Exhibition URL: http://www.saiie.cn/(Please refer to the website for the latest information)
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