Mphasis Rolls Out AI-Powered Document Processing Platform

Mphasis Rolls Out AI-Powered Document Processing Platform

SUMMARY

It offers a customised LLM solution designed for enterprise-specific requirements across document processing, covering information extraction, information discovery, context-aware search and insight generation with recommendations

Founded in 1998 by Jeroen Tas, the listed company, Mphasis is an IT services company that applies next-generation technology to help enterprises transform businesses globally

The technology market’s revenue is projected to reach $1,364 Bn in 2024, according to a Statista data. 

Bengaluru-based Mphasis, an IT solutions provider specialising in cloud and cognitive services, has rolled out a new AI-powered intelligence platform for document processing.

With this new platform, DeepInsights Doc AI, Mphasis aims to help enterprise clients in extracting text-specific information from documents, regardless of their format or layout. This information can then be seamlessly integrated with downstream IT systems to generate actionable insights.

DeepInsights Doc AI offers a customised LLM solution designed for enterprise-specific requirements across document processing, covering information extraction, information discovery, context-aware search and insight generation with recommendations.

“DeepInsights Doc AI marks a significant leap in our mission to empower businesses with transformative AI solutions. We believe this new iteration will be a game-changer for organisations seeking more efficient, accurate and cost-effective ways to process a diverse range of documents. Moreover, this will also lead to significant improvements in productivity, customer service, and risk management for enterprise clients,” said Nitin Rakesh, chief executive officer and managing director of Mphasis.

Founded in 1998 by Jeroen Tas, Mphasis is an IT services company that applies next-generation technology to help enterprises transform businesses globally.

Mphasis enables enterprises to directly address the pressing need to become fast, innovative and personalised in their response to digital disruption. 

It competes against the likes of WhiteHawk, InsightFinder, Safe Security and CIM.

Last year, Mphasis partnered with enterprise conversational AI platform Kore.ai to improve its contact centre offerings. This in turn will help the IT provider improve customer experience and employee engagement for its enterprise clients.

The technology market’s revenue is projected to reach $1,364 Bn in 2024, according to a Statista data. 

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