Product Overview of Eigen Technologies
Eigen Technologies is a pioneering provider of intelligent document processing (IDP) solutions, leveraging advanced artificial intelligence (AI) and machine learning to automate data extraction and document processing across various industries.
What Eigen Technologies Does
Eigen’s platform is designed to help organizations extract valuable information from unstructured and structured data sources, such as documents, emails, invoices, and medical studies, without the need for extensive technical expertise or large volumes of training data. This no-code AI platform significantly reduces the time and effort spent on manual document processing, enabling businesses to make faster and more informed decisions.
Key Features and Functionality
No-Code Data Extraction
Eigen’s platform allows business users to build and maintain their own AI-powered data extraction models without requiring data scientists. This no-code approach makes it accessible to a wide range of users, enabling them to extract data from various document types with high accuracy.
Advanced NLP and Object Detection
The platform combines cutting-edge natural language processing (NLP) and object detection engines with superior machine learning techniques. These capabilities ensure superior results in terms of accuracy and flexibility over a wide range of document inputs.
Table Extraction
Eigen offers a robust table extraction feature that allows users to extract data from tables at both the cell and full-table levels, all without writing any code. This feature is particularly useful for processing documents such as invoices, policies, and financial reports.
Generative Insights
With the launch of Eigen 6, the platform now integrates with both commercial and open-source large language models (LLMs) to accelerate the process of going from raw data to business decisions. This integration enhances the speed and accuracy of data extraction and analysis.
Pre-Processing Hub
The Pre-Processing Hub automates the capture, classification, and splitting of documents, speeding up the data extraction process and ensuring that documents are properly prepared for analysis.
Model Governance
Eigen provides a comprehensive framework for model governance, ensuring that the data extracted is accurate, complete, and compliant with enterprise governance and compliance controls. This includes tools for evaluating and remediating data to maintain high standards of accuracy and security.
Integration and APIs
The platform offers a suite of APIs and system integrations, making it easy to scale across different functions and integrate with existing systems. This flexibility supports broader digital transformation programs and ensures seamless data flow.
Information Security
Eigen adheres to the highest standards of information security, holding multiple ISO certifications (ISO 27001, ISO 22301, ISO 27701, ISO 27017, and ISO 27018). This ensures that enterprise data and documents are kept safe and secure.
Performance Metrics
- Efficiency Gains: Up to 90% reduction in time spent on manual document processing.
- Data Accuracy: Average accuracy rate of extracted data is over 95%.
- Speed: Access to business-critical data is up to 50 times faster compared to manual processing.
Industry Applications
Eigen’s platform is versatile and can be applied across various regulated industries, including:
- Financial Services: Automating loan operations, client onboarding, and regulatory compliance.
- Insurance: Analyzing and extracting data from claims and policy documents.
- Other Industries: Automating data extraction from supplier agreements, invoices, emails, and medical studies.
In summary, Eigen Technologies offers a powerful, user-friendly, and highly accurate AI-powered platform for intelligent document processing, making it an indispensable tool for organizations seeking to automate and streamline their data extraction and document processing workflows.