ABBYY Vantage simplifies automated processing of company data

ABBYY, developer of content IQ solutions, has made Vantage available to everyone. Vantage adds human cognitive skills to smart automation platforms, such as robotic process automation (RPA) and business process automation (BPA).

The Forrester report Predictions 2019: Artificial Intelligence states that over forty percent of companies will create digital employees in the future, by combining Artificial Intelligence (AI) with RPA. The RPA market this year is estimated by the research firm to be $1.7 billion. By 2021, that should rise to $2.9 billion.

With Vantage, ABBYY says it offers a solution that solves common, content-process related problems. These include the time-consuming installation and configuration of required software, a shortage of training data and the need for machine learning experts to automate the processes.

Skills

Vantage brings about a major change in the way structured and unstructured content – such as documents, images and e-mail communication – is processed, according to the company. It is possible to teach the digital workforce of companies certain skills, thanks to text recognition, machine learning and AI. This is necessary in order to extract relevant information from the masses of data available to businesses. And that, in turn, is essential for making sensible business decisions.

The new platform offers various skills as standard. This enables software robots to identify documents, find specific information and understand the content. After that it is possible to forward that content or to process the information it contains.

Core cognitive skills include text recognition, text classification and data extraction linked to data learning. Partners and clients are also able to develop advanced cognitive skills, for example for specific tasks that are unique to a specific business process.

Until recently, Vantage was only available for early adopters, but has now been made available to everyone.