Bengaluru, India – Mphasis, the Bengaluru-based IT solutions provider specializing in cloud and cognitive services, has launched a cutting-edge AI-powered intelligence platform for document processing. The new platform, known as DeepInsights Doc AI, is designed to assist enterprise clients in extracting text-specific information from documents, regardless of their format or layout. This groundbreaking technology allows seamless integration of extracted information with downstream IT systems, enabling the generation of actionable insights.
DeepInsights Doc AI boasts a customized LLM (Language Model) solution tailored to meet enterprise-specific requirements in document processing. The platform covers a spectrum of functionalities, including information extraction, information discovery, context-aware search, and insight generation with recommendations.
Nitin Rakesh, Chief Executive Officer and Managing Director of Mphasis, expressed the significance of DeepInsights Doc AI in advancing the company’s mission to empower businesses with transformative AI solutions. He stated, “This new iteration will be a game-changer for organizations seeking more efficient, accurate, and cost-effective ways to process a diverse range of documents. Moreover, this will also lead to significant improvements in productivity, customer service, and risk management for enterprise clients.”
Founded in 1998 by Jeroen Tas, Mphasis is at the forefront of applying next-generation technology to help enterprises globally transform their businesses. The company focuses on enabling enterprises to respond rapidly, innovatively, and personally to digital disruption.
Mphasis competes with prominent players in the IT services sector, including WhiteHawk, InsightFinder, Safe Security, and CIM.
In a strategic move last year, Mphasis joined forces with Kore.ai, an enterprise conversational AI platform, to enhance its contact center offerings. This collaboration aims to elevate customer experience and employee engagement for Mphasis’s enterprise clients.
The technology market’s revenue is on a trajectory to reach $1,364 billion in 2024, according to Statista data, underscoring the immense growth potential and demand for advanced AI solutions like DeepInsights Doc AI.
