Product Overview of Axis AI
Axis AI is a sophisticated, cloud-based Software-as-a-Service (SaaS) designed to revolutionize the process of capturing, extracting, and validating data from unstructured documents, forms, and datasets. Here’s a detailed look at what the product does and its key features.
What Axis AI Does
Axis AI leverages advanced Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to automate the tedious and labor-intensive process of data capture from unstructured data sources. This includes documents, contracts, and various types of datasets. The system is engineered to significantly reduce manual data entry, enhancing both speed and accuracy while minimizing labor costs.
Key Features and Functionality
Automated Data Capture
- Axis AI uses AI-enabled Optical Character Recognition (OCR) to capture data from unstructured documents, outperforming conventional OCR solutions in terms of yield and accuracy.
Machine Learning Integration
- The system employs machine learning to automatically identify document types, define the starting and stopping points of multi-page documents, and extract relevant data points. It continuously learns from the documents it processes, improving its performance over time.
Template Free Data Extraction
- Unlike traditional data extraction tools, Axis AI does not require predefined templates. It can extract data from diverse document formats without the need for manual configuration.
Multi-Language Support
- The platform supports multiple languages, making it versatile for global businesses with diverse document sets.
Real-Time Processing and Data Validation
- Axis AI processes data in real-time and includes a robust rules engine for data validation. This engine can execute a wide range of data and rules validations, driving the next steps in the process or providing user-defined outputs.
Customizable Workflows and API Integration
- Users can configure custom workflows to fit their specific needs. The system also offers API integration, allowing seamless data exchange and integration with other systems. Custom output options are available to match the customer’s requirements.
Security and Scalability
- Axis AI ensures data security with features like data encryption, user access controls, and audit trails. The platform is scalable, supporting both cloud-based and on-premises deployments, and includes batch processing capabilities.
Additional Features
- Other notable features include document classification, error handling, and comprehensive reporting and analytics. These features enhance the overall efficiency and decision-making capabilities of the system.
Benefits
- Increased Speed and Accuracy: Axis AI significantly speeds up the data capture process while improving accuracy.
- Labor Savings: The automation provided by Axis AI can reduce labor costs associated with data capture by 80%-90%.
- Versatility: The platform is applicable to any business operation that involves large-scale manual data entry or data validation.
In summary, Axis AI is a powerful tool for automating data capture and validation, leveraging advanced AI and ML technologies to streamline business operations, reduce costs, and enhance overall efficiency.