BPI-Unitek using AI to extract data from documents
by Startacus Admin
BPI-Unitek - The AI platform that extracts data from documents, automates data entry and customer conversations...
Extracting data from forms and documents and entering it into databases is a tedious, laborious task, and one that takes time away from other jobs your employees could be doing. There is also a very high rate of human error in this process, which creates customer dissatisfaction, a higher workload, and can decrease profits. We need a solution that can speed all of this up whilst increasing accuracy. Conveniently enough, today’s startup has that solution.
BPI-Unitek, based in Dublin and London, is using artificial intelligence to disrupt multiple industries and help businesses transform and improve.
Their AI uses Deep Neural Networks to intelligently extract data from documents - be they invoices, claims forms, etc., structured or unstructured, typed or handwritten - and understand your business’s process to enter that data correctly, with 99.9% accuracy.
And of course, an AI can do all of this much faster than a human.
All of this means that valuable employees can be given other tasks while the AI gets on with these things, increasing overall productivity.
As well as this, BPI-Unitek’s AI can be put to use as chatbots.
These use natural language to help customers in a conversational and engaging way. And when combined with the lightning fast ability of the AI to retrieve and understand data, those customers may find themselves with a solution faster than they would when talking to a human.
Led by a diverse group of Executives from Zurich, IBM, Microsoft and Oracle who have a track record of disrupting and changing industries, BPI-Unitek was another fab tech startup pitching at Innovation Nation as part of their irish startup pitch competition.
They convinced us that the future’s intelligence is artificial, and that Skynet might not be so bad after all...
If you are interested in other startups using AI, you might want to read up on:
Andrson - Music A&R reimagined
Photocert - Digital transformation in insurance claims
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Paid is a startup that is on a mission to help freelancers and micro businesses get paid for work without the wait
Osaka Gas makes strategic investment into energy supplier Igloo Energy in exchange for a minority stake in the company
HypeLabs, the leading software-only mesh networking provider raises $3m to strengthen its team and to support its international growth plans
Berlin-based music startup, Jambl secures $500,000 investment from Gismart, a leading developer and publisher of entertainment-focused apps and games
We asked the Hollabox App team to share their top predictions on how technology will challenge fake news and reviews in 2020.
.png)
Further development by Wishu, the social marketplace aimed at generation Z creative freelancers, waith the launch of its iOS app
Tracworx is a real-time patient tracking system that results in excellent patient care throughout the entire patient journey
The environmental initiative, Returnr that aims to replace single use takeaway packaging with equivalent reusable solutions
Thriftify is an online platform that connects the most sustainable & ethical source of goods with consumers who care...
Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week
Published on: 21st October 2018
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Igloo Energy secures strategic investment of up to £20 miliion 10th Dec 2019 Osaka Gas makes strategic investment into energy supplier Igloo Energy in exchange for a minority stake in the company
- Mesh-networking startup HypeLabs secures $3M to provide Internet-free connectivity 10th Dec 2019 HypeLabs, the leading software-only mesh networking provider raises $3m to strengthen its team and to support its international growth plans
- Gismart invests $500k in innovative music startup Jambl 9th Dec 2019 Berlin-based music startup, Jambl secures $500,000 investment from Gismart, a leading developer and publisher of entertainment-focused apps and games
- Derry & Strabane Tech event championing women in tech and tech inclusion announced 5th Dec 2019 Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week
