Apr 22, 2021

Google launches AI-powered doc services in wide availability

AI
Cloud
Google
Documents
Tilly Kenyon
2 min
Several of Google’s cloud-based, AI-powered doc services have become widely available after being in preview
Several of Google’s cloud-based, AI-powered document services have become widely available after being in preview...

Google has announced that several of its cloud-based, AI-powered document processing products have become generally available after launching in preview last year.

DocAI platform, Lending DocAI, and Procurement DocAI, which have been piloted by thousands of businesses to date, are now open to all customers and include new features and resources.

How do the products work?

Lending DocAI is Google’s first dedicated service for the mortgage industry and it processes mortgage candidates' paperwork. Now in general availability, it also presents a set of specialised AI fashions for paystubs and financial institution statements. The service also now benefits from DocAI platform’s Human-in-the-Loop AI functionality, which supplies a workflow to handle human knowledge evaluate duties.

Human-in-the-Loop AI permits human reviewers to confirm knowledge captured by Lending DocAI, Procurement DocAI, and different choices in DocAI platform. The system exhibits a share rating of how “positive” it is that the AI ingested the doc accurately, and it’s customisable, with the pliability to set totally different thresholds and assign teams of reviewers to levels of a workflow. Builders can select reviewers to assign to duties both from inside their very own firm or from associate organisations.

Procurement DocAI, which performs doc processing for invoices, receipts, and extra, has gained an AI parser for electrical, water, and different utility payments. The newest launch includes Google’s Information Graph to validate data, a system that understands over 500 information about 5 billion entities from the net, in addition to from open and licensed databases. 

All the processors “are created and fine-tuned to achieve industry-leading accuracy, helping businesses confidently unlock insights from documents with machine learning,” Google Cloud product manager Lewis Liu and product marketing manager Yang Liang wrote in a blog post

(Image: Google)

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