Singularity Systems brings cutting-edge AI research into the next generation of intelligent document processing

PRINCETON, N.J., April 14, 2022 /PRNewswire/ — Singularity systemsa leader in Intelligent Document Processing (IDP), today announced the general availability of new AI capabilities that break through the accuracy, efficiency and speed barriers inherent in common software-driven process automation. ‘IA. AI Pathfinder™ optimally overlays NLP, computer vision, proprietary OCR, and machine learning, making it easier for customers to reuse models across use cases while benefiting accuracy and retrieval rates the highest available on the market. Smart Data Simulator™ reduces the sample documents required to train a model from thousands to one. Both of these features are now native to the company’s flagship IDP product, SinguAI.

“We listened to customers who had been frustrated with the limitations of older IDP software in terms of reusability and training data and dedicated two years of effort by our R&D team to address these issues,” said Dr. Tianhao Wu, Co-founder & CTO at Singularity Systems. “It had almost become accepted that every use case – like first notice of loss in insurance or analyzing commercial contracts in banking – would involve the formation of an entirely new model and that it would require thousands of samples and months of effort to achieve production level performance, so we made solving this our moonshot.”

The company’s moonshot has successfully landed for several Fortune 500 clients, including several global banks, insurance companies and one of the world’s largest mining companies. These multinational organizations use Singularity Systems to automate the more complex but still repetitive knowledge work that is beyond the capabilities of rules-based RPA software.

Leading industry analysts support this view: Reducing the number of samples required to train a model and reducing the time to market for production-ready models are critical to the success of any mining project. unstructured data.

“When it comes to AI, the days of experimenting with tools like NLP, ML, computer vision, etc. are over. AI that can be tuned to support fast results is critical in today’s environment,” said Phil Fercht, CEO and Chief Analyst of HFS Research. “When it comes to process automation and intelligence, businesses demand speed and immediacy to get the data they need to be effective, and the emerging solutions that can deliver at that speed will be the winners of this emerging market.”

“Most of the IDP vendors offer the equivalent of a hammer in AI, so for these products everything is a nail; they don’t have the game-changing capabilities that we offer,” said Scott Lee, Chief Revenue Officer of the company. “Clients don’t see our platform as a Swiss army knife, but as a tool that reconfigures itself to the task. Intelligent Data Simulator™ and AI Pathfinder™ allow companies to integrate software in days, to advance ten times more fast in their digital transformation, double their automation ROI and reduce manual work by 50%.”

About Singularity Systems: Business leaders who prioritize customer experience and operational agility use Singularity Systems to turn high-volume, unstructured content into machine-readable data for automated processes. The company has advanced the customer and employee experience through real-time decision making for banking, insurance, healthcare, energy and other data-intensive industries by making AI technology more effective and efficient. With its team of world-class scientists and developers, Singularity Systems has pioneered new AI techniques that have modernized and democratized the intelligent document processing industry. Thanks to a global network of customers and its headquarters in Princeton, New Jersey Einstein Alley, Singularity Systems is one of the fastest growing enterprise software companies in the industry.

Related links:
https://singularitysystems.com

SOURCESingularity Systems Inc.