Google this morning launched the Document AI (DocAI) platform, a console for document processing hosted in Google Cloud, in preview. The company says it’s aimed at automating and validating documents by extracting data from documents and making them available to business apps and users.
Companies spend an average of $20 to file and store a single document, by some estimates, and only 18% of companies consider themselves paperless. An IDC report revealed that document-related challenges account for a 21.3% productivity loss, and U.S. companies waste a collective $8 billion annually managing paperwork.
