Doc intake: Where we stand.
Many insurance organizations are still manually classifying and extracting data.
Use of optical character recognition (OCR) technology, which converts images or scans of text into machine-encoded data, has been low among US insurers.
Couple this with the use of outdated technology to process large volumes of information and you have a recipe for error. OCR alone would not be enough to tackle your digital transformation project.
More and more insurers see this challenge as an opportunity to improve and reduce the overall costs of processing information. A realization that AI will free them from historical data bottlenecks and outdated processes that will drive more business growth across the enterprise.
It’s a blank canvas. On it, you can build a competitive edge with smart systems.
And omni:us is here to help.