ABBEY introduces new capabilities for artificial intelligence to help companies boost automation.
Offerings include Phoenix, a “multimodal, zero-imprint approach to learning using small language models” designed for document tasks, the Secure Large Language Model (LLM) gateway, and “enterprise-ready tools and applications that enable global enterprises to gain greater value and insight into business-critical processes,” it said on Wednesday (October 30) press release.
AI innovation they are centralized in society Artificial Intelligence Purpose Centerthe release said. The Center is a hub where businesses can access information about ABBYY’s AI tools.
“Here, businesses and developers can learn about the range of capabilities offered by ABBYY’s purpose-built AI, including how small language models they are leveraged provide the capabilities and accelerated time to value typically seen only with an LLM,” the report states. “By simplifying and accelerating the incorporation of new types of documents into enterprise business processes, organizations have greater flexibility to adapt to evolving needs. This it comes in addition to the more than 80 document models already available out of the box.”
Enterprises can use ABBYY Intelligent Document Processing (IDP) as a secure LLM gateway to command LLM to extract data while verifying that the data is present in the document as issued.
“This enables organizations to harness the power of universal LLMs while significantly reducing hallucinations and increasing the reliability and credibility of the output,” the report said.
ABBYY Senior Director of AI Strategy Max Vermeer told PYMNTS in an interview this month that more companies are choosing to be smaller and more specialized AI solutions over their larger counterparts.
“This reflects the maturation of the AI market, which strongly favors value over the hype of more generic, generic tools,” Vermeir said.
IN September Vermeir discussed with PYMNTS the use of AI for document processing in logistics.
“In transportation and logistics, the most effective use of AI capabilities lies in accessing and understanding data that is, in most cases, trapped in paper and manual processes,” he said.
Brewing giant Carlsbergfor example, it implemented smart document processing with artificial intelligence to automatically read and process purchase orders. In Sweden, it saved 140 hours per month, with 92% of orders requiring no human intervention.
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