Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Datamatics simplifies document processing with a new AI-enabled TruCap+ IDP solution

Posted On: 2021-01-27 07:04:52 (Time Zone: Arizona, USA)

Datamatics, a Global Digital Solutions, Intelligent Automation products, IT Solutions, and BPM company, today announced the launch of a new version of TruCap+, an AI-enabled Intelligent Document Processing (IDP) product. TruCap+, will allow enterprises to realize faster time-tovalue and achieve greater Straight-Through Processing (STP) with accuracy. The product is closely integrated with Datamatics Robotic Process Automation (RPA) product, TruBot.

Datamatics Intelligent Automation Platform comprises RPA (TruBot), IDP (TruCap+), and AI/Machine Learning (ML) capabilities. The new IDP Product, TruCap+ has several key and differentiating features, including -

- A template-free approach that reduces set up time by 30% -70% and delivers faster time-toautomation. Users do not need to create and maintain multitudes of document templates that escalate the Total Cost of Ownership (TCO) and increase time-to-value.

- Pre-built AI/ML capabilities and business rules enable automated verification and validation of data. Continuous learning & improvement based on AI/ML algorithms and user inputs. Cognitive capabilities deliver a greater percentage of Straight-Through Processing (STP) with higher accuracy, thereby reducing manual effort and saving time. TruCap+ supports multiple Optical Character Recognition (OCR) engines.

- Rapid Cloud deployment, ensuring infrastructure flexibility and scalability with increasing workloads

- An easy-to-use Configurator and a compelling User Experience (UX) that enables business users to quickly achieve document automation. Browser-based access and an intuitive User Interface (UI) ensures faster document processing.

"Enterprises struggle to process zettabytes of unstructured data with OCR engines, and scaling automation is a major challenge. Hence, the IDP market is witnessing a rapid growth at a CAGR of over 30%," said Mr. Rahul Kanodia, Vice-Chairman & CEO at Datamatics. He further added, "Our newly launched AI-enabled TruCap+ is template free, cloud-based, and will enable enterprises to processes huge data volumes with speed and accuracy."

"Enterprises' reliance on documents has not changed; it has just moved from paper to electronic formats; however, this makes it easier to apply intelligent automation. Datamatics has grasped this opportunity, and their AI-enabled IDP solution helps organizations tackle unstructured data in documents, reduce a host of errors in end-to-end processing, thereby making businesses more efficient", said Michael Azoff, Chief Analyst, Kisaco Research.

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.109.7 as compared to the previous close of Rs. 111.5. The total number of shares traded during the day was 27522 in over 770 trades.

The stock hit an intraday high of Rs. 111.85 and intraday low of 102.15. The net turnover during the day was Rs. 2970154.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Sayaji Hotels Management Ltd enters into management agreement for 7 properties

GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

NMDC revises prices of iron ore w.e.f. 06-03-2021

Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector

Mawana Sugars Limited approves investment of Rs. 10 crores in Siel Industrial Estate Ltd

TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members

Satyam Silk Mills Ltd board to consider rights issue on March 10, 2021

GRM Overseas Ltd board to consider interim dividend on March 10, 2021

Rushil Decor Limited starts commercial production of MDF board at new Vizag plant

IIFL Securities Ltd board to consider interim dividend on March 10, 2021

DCW Limited allots debentures to Kotak Special Situations Fund

M G George Muthoot, Chairman of Muthoot Finance Limited passes away

Acuite Ratings & Research Limited update on rating of Edelweiss Financial Services Limited

Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board

Xanadu Realty ties up with Poddar Housing Development Limited in a mega portfolio deal

Edelweiss Financial Services Limited updates on credit rating of proposed NCD issue

IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn

Indian Bank to divest stake in JV, ASREC India Ltd

Dai-ichi Karkaria Limited updates on Kasarwadi Land Deal

AKI India Ltd approves construction of effluent treatment plant

Kotak Silk Launches Eduseries for Financial Independence of Women

Ind-Ra has assigned ratings to JSW Hydro Energy Ltd

Shriram EPC Limited board to consider issue of preference shares to lenders

Suncare Traders Limited to demerge investment division to Madhav Infra Projects Ltd

Astral Poly Technik Limited fixes March 19, 2021 as record date for bonus issue

Mazagon Dock Shipbuilders Limited gifts refrigerated truck

Sandhar Technologies Ltd announces incorporation of step down subsidiary

NMDC LTD. board to consider interim dividend on Mar 11, 2021

CRISIL revises outlook of Canara Bank's long-term debt instruments

Hero MotoCorp launches 4-day special service and exchange carnival

ICICI Lombard General Insurance Company Limited board approves interim dividend of Rs. 4

Sun Pharma arm to acquire stake in WRS Bioproducts Pty Ltd, Australia

Kirloskar Oil Engines Ltd declares interim dividend of Rs. 1.50 for FY21

Glenmark signs on Rohit Sharma as brand ambassador of Candid Powder

Waa Solar Ltd Board aprovies 1:1 Bonus Issue

Coal India Ltd board approves 2nd interim dividend of Rs. 5

WeP Solutions Limited fixes March 12, 2021 as record date for rights issue

HGS Digital Partners with Automation Anywhere to Deliver End-to-End Process Automation Solutions in the Customer Experience Industry

PNB Housing Finance and YES BANK enter into strategic co-lending partnership

PVR Cinemas unveil Mysuru's Biggest 6-Screen multiplex in Forum Centre City Mall

Shilpa Medicare Ltd receives US FDA tentative approval for Apremilast Tablets, 10 Mg, 20 Mg, And 30 Mg

RITES Ltd Board to consider Second Interim Dividend on Mar 12, 2021

Mexico's GigNet selects Tejas Networks for its Metro Optical network in Cancun

Dilip Buildcon Ltd receives LOA from NHAI for 2 projects under Bangalore Chennai Expressway

BCPL Railway Infra secures path-breaking order in the railway electrification segment

Indian Bank to consider raising funds of Rs. 4000 crore through equity

Economic Times awards The Byke Hospitality Ltd. for Affordable Luxury Resort Stay

IndiGo strengthens regional connectivity, announces Bareilly as its 67th destination

TATA Tea Gold celebrates this Women's day by launching 'Dil Ki Suno' stories of today's women

Dabur launches 'Vatika Select' premium range of shampoos

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020