Since when did risk become so safe?

No year in history has been like any other; 2024 wasn’t any different either. Amidst the frenzy of multimodality, Gen AI, RAGs and Agents that dominated the AI timeline, we review this milieu at Vue as we gear up for the miles ahead.

Intel + Diligence in Intelligent Document Processing 

It costs $128 to onboard a customer at a mid-sized bank. But sub-par onboarding experiences and cumbersome documentation processes force 18% of the applicants to abandon their paperwork midway. Inadequate support and guidance, lengthy, time consuming and repetitive processes were among the major reasons (World Retail Banking Report 2024, Capgemini).

As part of the orchestration platform that deploys AI to streamline many across-the-org operations for leading enterprises, Vue.ai’s IDP module was launched earlier this year, with many valuable features to solve enterprises’ most exacting document challenges. 

Banks and insurance companies automate the processing of loan applications, mortgage documents, and insurance claims. Healthcare organizations streamline the processing of patient and staff records, insurance claims and medical invoices, automate billing processes, and ensure compliance with regulatory requirements. Law firms automate their paper streams by using IDP to extract relevant clauses, terms, and other key data.

One-Shot Learning: For once, say ‘No’ to manual document processing

Traditional machine learning often struggles with a diverse range of documents that comes in. With minimal training data, Vue.ai’s IDP module leverages one-shot learning, processing any document type with phenomenal accuracy and speed. 

What to expect: 

• Rapid adaptation: Quickly adjusts to new document formats without extensive data collection or model retraining, saving time and resources.
• Seamless processing: Accurately processes complex financial documents, contracts, and forms, minimizing errors and ensuring compliance.
• Cost-effective solution: Eliminates the need for costly data preparation and annotation.
• Future-proof operations: Handles evolving document requirements as business grows.

Straight Through Processing (STP): Tackling Automation Challenges

Achieving true automation is essential for sustainable success. Vue.ai's STP-driven IDP module elevates enterprise operations through:

• Efficient model training: Rapid model training and one-shot learning enable swift adaptation to data variations.
• Friction-free automation: Powered by workflows, documents flow effortlessly without manual intervention.
• Enhanced productivity: Minimizing manual validation and handling empowers teams to focus on high-value tasks, driving productivity and efficiency.

This optimization not only increases productivity but also enhances customer experiences while ensuring scalability and reliability in business processes.

 Meet Forty Two (42) – AI picks AI

Long hours spent selecting the right AI model for each document type is often ineffective and have downstream implications. Vue.ai's intelligent federated model, Forty-Two (42), simplifies model selection, allowing enterprise teams to focus on tasks that matter. With 42, almost 80% of your documents are processed autonomously without human intervention.

The Power of Precision: 80:20 Automation with Human In The Loop

Think of manual overrides as intelligent STP guardrails. The resulting system endows the platform with many favorable features.

• Exception handling: Swiftly and accurately resolve discrepancies
• Data security: Protect sensitive information with robust protocols
• Compliance: Stay ahead of regulatory requirements effortlessly
• Efficiency: Streamline workflows for maximum productivity

Workflow Manager: Simplify with Drag-and-Drop

When the platform is trained to learn with minimal data, pick the optimal AI model itself and is set up with STP guardrails, building complex workflows becomes easier. Vue.ai’s IDP module helps you easily orchestrate …

Customizable workflows: Automate claims processing systems and handle unique cases with custom nodes

• Seamless integrations: Implement Connector Nodes for real-time credit checks during loan approvals
• Advanced data processing: Use Compute Nodes for financial calculations like interest rates and risk assessments
• Effective data management: Automatically generate datasets segmented by type, region, and outcome.

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Read other editions of BFSI Vue

Credit needn’t chase its tail (Oct ‘24)

AI and APIs in insurance land (Aug ‘24)

Intelligent Document Processing in the blink of an AI (Jun ‘24)

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Now available on Amazon Web Services, Microsoft Azure and on Google Cloud Marketplace

Unlike RPA or other Document AI systems in the market today, the Vue.ai platform provides operations, business and technology teams options to integrate complex multi-layered, multi-team workflows and simplify them with AI agents for loan automation, claims processing, KYC automation and more. Complex tasks like verification, matching, reconciliation, fraud detection, credit scoring can all be orchestrated into intelligent workflows allowing enterprise-wide automation and adoption of AI in one go. 

Coming soon! • Vue's AI agents powered by Copilot • Data platform integrations with Fabric • Native app and VueMRKT integrations with Azure's AI services to power applications like Doc AI, Personalization, Workflow and Process automation, Forecasting and more.

On the trot, at full throttle

Vue.ai was honored to be a part of The Montgomery Summit, Santa Monica (Mar), Seamless, Dubai (May), DigiAsia, Taipei (Sep) and WORLDEF, Dubai (Dec), among other events.

Committed to the community

Gathering AI leaders in diverse industries from around the globe for deep conversations, panel discussions, fireside chats and notes-exchanges is our idea of an un-conference, of REBUILD – Vue.ai’s annual retreat to take the pulse of the industry. 

Reports two good

If Enterprise AI Transformation reported on broader trends that transcend industries, eCommerce Priority Pulse was our clinical analysis of AI in the retail sector.

2024 set the bar high, but the potential for 2025 to surpass it is truly thrilling. Here's wishing you a happy holiday season and a productive New Year.

About: Vue.ai is an AI orchestration platform that actively caters to enterprises in retail, BFSI, logistics, healthcare and other domains. Deploying a mixture of expertise in various AI techniques and on platforms like AWS, Azure and GCP, Vue.ai charts productive digital transformation journeys for clients across continents.

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Also read The AI Vue

Smart AI still needs human eyes (Nov '24)

Agents are here → AI’s shaken and stirred (Sep '24)

Lifting the lid on LLMs (Aug '24)

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