Full-scale entry into the global $12.8 billion intelligent process automation market*

Our company will start selling “Flax Scanner HUB” that integrates AI-OCR and generation AI to greatly expand data utilization in companies from April 2024 (planned), and will provide advance delivery starting today. let's start doing .... This marks our full-fledged entry into the Intelligent Process Automation (IPA) market, which is valued at $12.8 billion* worldwide.

■ “Flax Scanner HUB” Development background and overview

In 2017, we started providing our original AI-OCR “Flax Scanner,” and in particular, in the area of non-routine form processing, we are providing world-class high-precision AI-OCR to mainly major domestic companies. We have been providing this. Up until now, a major issue in utilizing AI-OCR for non-routine form processing tasks was that it required individual tuning according to the needs of each company, which required time and cost to implement.

In order to solve these issues, we have accumulated the technological assets we have accumulated over the years.By integrating Intelligent Document Processing (IDP = advanced technology for analyzing documents, extracting and organizing information) and newly developing generative AI technology, it is possible to process forms without any prior training, regardless of whether the forms are regular or non-standard. We have developed an innovative AI-OCR solution "Flax Scanner HUB" that can read and extract necessary items with high accuracy.This will revolutionize the experience of introducing and utilizing AI-OCR for customers, and significantly expand the use of data in companies.

In addition to general forms such as invoices and receipts, ``Flax Scanner'' has been used to record documents such as health certificates, trade documents (Commercial Invoice, Bill of Lading, Packing List, etc.), and technical documents and drawings in the manufacturing industry. It can also read non-standard forms with high accuracy and is equipped with an automatic form classification function, reducing the amount of manual work required. This time, in addition to these features,By integrating generation AI, information extraction can be diversified and costs can be reduced. By seamlessly connecting document reading and subsequent operations, documents and documents that were previously difficult to read can be quickly processed. It is possible to utilize the data.

■ Flexible provision format and collaboration with partner companies

"Flax Scanner HUB" has a flexible environment that can be provided according to customer needs, such as cloud, on-premises, and dedicated servers. World-class AI technology can reduce workloads, improve efficiency, and significantly improve business processes.

In addition, the flexible provision format described above enables "Flax Scanner HUB" to provide a speedy installation experience that takes advantage of the benefits of the cloud, as well as the use of securely generated AI that takes advantage of the features of an on-premises environment and a dedicated server. Therefore, we work with various partner companies, including end-user companies, system integrator companies, and BPO companies.Mr.You can use our solutions with confidence.

■ Prospects for the intelligent process automation market

Intelligent Process Automation (IPA) is a system that uses related new technologies such as AI, machine learning, cognitive automation, and computer vision to automate business processes. IPA is designed to mimic human decision-making and cognitive abilities, such as understanding natural language, recognizing patterns, and adapting to changing situations on a daily basis.

Increasing amount and complexity of data is creating high demand for IPA, growing at a compound annual growth rate (CAGR) of 12.68% to $29.2 billion globally by 2022 and $29.2 billion by 2030. The market size is expected to reach *.

IPA automates data processing tasks and has the ability to process large amounts of data, helping businesses manage and make sense of their data. The data that businesses hold will become increasingly complex and come in many different formats, structures, and sources. Traditional data processing methods have had difficulty dealing with such complex data, but IPA, with its advanced analytics, ML, and natural language processing capabilities, is helping businesses gain insights from complex data. Helpful.

Cinnamon AI will promote prospects for the IPA market by providing "Flax Scanner HUB".

*Reference: Panorama Data Insights: Intelligent Process Automation Market Global Opportunity Analysis and Industry Forecast to 2030