LandingAI's Agentic Document Extraction Revolutionizes Processing for Complex Documents with Enhanced Efficiency

Transforming Document Processing with Agentic Document Extraction

LandingAI, a renowned leader in agentic vision technologies, has unveiled major upgrades to its Agentic Document Extraction (ADE) system. This innovative tool stands out from traditional optical character recognition (OCR) methods by employing a visual approach to comprehensively understand PDFs and other documents. By utilizing an iterative workflow, ADE efficiently extracts text, diagrams, and various elements from documents, perfect for large language model applications.

The Document Processing Challenge

For many organizations, processing documents remains a daunting task, often leading to inflated costs and requiring extensive manual labor. However, ADE steps up by surpassing outdated OCR technologies and pre-trained language models with advanced features like layout-aware parsing and visual grounding. These enhancements allow for rapid deployment and reliable results without necessitating fine-tuning or additional model training.

Improvements in ADE offer productivity and efficiency boosts; it now processes documents an astonishing 17 times faster compared to its earlier model. The average processing time has dropped from 135 seconds to just 8 seconds, enabling users to manage hundreds, if not thousands, of pages in mere minutes.

Enhanced Accuracy and Traceability

One of the critical challenges faced in document extraction is ensuring high accuracy while processing structured forms and intricate layouts. ADE has achieved this with precision, now boasting improved capabilities to extract data from complex tables and multi-column arrangements. The tool assures dependable outcomes even with challenging document formats.

A core feature of ADE is its visual grounding capability, which meticulously links extracted outputs to their specific locations within the original document, whether by page number or coordinates. This level of traceability enhances validation efforts and compliance for businesses to ensure that their document handling protocols remain robust. Additionally, ADE is designed with zero-data retention for enterprise clients, providing peace of mind regarding sensitive information handling.

Practical Applications Across Industries

ADE is currently being utilized by Eolas Medical, a leading healthcare platform, to process over 100,000 clinical guidelines from PDFs and complex documents. This streamlined process aids in creating structured summaries that cater to a staggering 1.2 million inquiries each month from healthcare professionals using their platform. The implementation of ADE has led to the development of a quality assurance chatbot that responds with direct references to original documents, thus improving information credibility and traceability.

Declan Kelly, CEO of Eolas Medical, lauded ADE for its efficacy, stating, "ADE has significantly outperformed other document extractors we’ve used. It has helped us build an Agentic RAG answer engine, which offers instant, validated support to medical professionals at the point of care based on unique healthcare institutional content."

In the financial sector, ADE is transforming the onboarding process for documents related to Know Your Customer (KYC) protocols, mortgage and loan paperwork, and client due diligence. This system allows for full auditability by connecting extracted data back to its origin in the document, which adds an additional layer of reliability to the process.

Future Prospects

Dan Maloney, CEO of LandingAI, expressed the company's commitment to addressing the hurdles faced by businesses when extracting actionable insights from complex documents. He remarked, "Agentic Document Extraction resolves these challenges by offering a powerful, efficient solution that unlocks valuable insights from documents. It’s enabling our clients to access millions of data points that were previously obscured within forms and PDFs—efficiently and confidently."

The ADE tool is available to businesses through both self-serve and enterprise plans. For enterprise clients, there are options for tailored pricing and customized usage limits, accompanied by a commitment to zero-data retention to ensure privacy and compliance. Future enhancements will introduce new features that further solidify compliance measures.

For those interested in exploring the ADE API and leveraging its capabilities for their documents, they can access the tool directly through the Agentic Document Extraction platform.

About LandingAI

LandingAI is at the forefront of agentic vision technologies, enabling organizations to realize the potential of visual data through innovative solutions. Its flagship product, LandingLens, empowers users to easily build and deploy vision AI applications. Founded by Andrew Ng, a notable figure in AI development, LandingAI stands ready to lead in advancing Visual AI technologies that deliver value across industries. For more information, visit Landing.ai.