UiPath today announced that it has partnered with Evolution AI, a leading company in the field of document analysis, to jointly develop solutions that will automate business workflows requiring advanced text and document analysis.
This partnership, which began earlier this year, will dramatically improve performance when automating processes that involve large volumes of text documents, such as financial reports, emails, web pages or scanned images.
To gain market advantage in today’s highly competitive landscape, organisations are increasingly seeking solutions to help them expedite operational processes, increase agility and deliver greater value to customers. By partnering with UiPath, Evolution AI will enable clients to complete routine tasks such as the extraction and classification of information from documents with optimal agility. By delegating these processes to a virtual digital workforce of AI-enabled software robots, company employees will be able to focus on more strategic, creative and customer-facing initiatives.
Dr. Martin Goodson, CEO, Evolution AI, said:
UiPath is a logical partner for us and both companies share common goals to meet market demand for the automation of document intensive processes.
David Marcus, VP Product and Alliance Management at UiPath, said:
There is an enormous volume of data that companies today are dealing with, and it sits in a wide variety of formats. AI-enabled automation is up for the challenge of decoding, classifying and interpreting information, and the partnership with Evolution AI is significantly easing our joint customers’ requirements.
About Evolution AI
The Evolution AI machine reading platform reads and understands human language with high accuracy. The platform automates business processes autonomously by processing large volumes of text documents - freeing up staff for higher-value work.
Our platform learns to perform useful ‘knowledge-work’ without any explicit instructions, by learning from human users performing tasks on a custom interface. Our technology exploits recent advances in deep learning technology, running on powerful graphics processing units.
Evolution AI has been deployed at some of the most well-known organisations in the UK, such as RBS, Natwest, Elsevier and the Office of National Statistics. Applications have included business processes for Know Your Customer (KYC), Fraud detection and reading from scanned corporate documents.