UiPath Named a Leader in Document Mining and Analytics Platforms by Independent Research Firm
30 Mai 2024 - 2:00PM
Business Wire
UiPath (NYSE: PATH), a leading enterprise automation and AI
software company, today announced it has been named a Leader in The
Forrester Wave™: Document Mining and Analytics Platforms, Q2,
2024*.
The report stated, “Platform strengths include HITL accuracy
verification and improvement processes, ML-based AI, document
labeling (for supervised ML), use of genAI in document mining
processes including pre- (prompt engineering, RAG) and
post-processing (validation) of data, classifying and categorizing
documents, multiple deployment options, workflow orchestration,
mining information from complex forms and documents, broad security
and regulatory compliance capabilities…. Reference customers
praised the platform’s business value, time to value, the overall
relationship with the vendor, HITL accuracy verification, business
user self-service capabilities, cross document mining,
architecture, data security capabilities, and data / analytics UX.
One reference customer specifically cited integration of document
processing and process automation as a differentiator.”
The report also stated, “UiPath is an excellent choice for
clients seeking an integrated solution that combines document
mining, analytics, and process automation platform to tackle a wide
range of automation use cases.”
UiPath Intelligent Document Processing (IDP) leverages
automation, specialized AI, and GenAI to blast through common
roadblocks that have historically inhibited modernization of
document processing and understanding. These roadblocks include
challenges in handling high variability in document formats,
difficulty in handling unstructured data, and laborious model
training. Recently, UiPath released Large Language Models (LLMs)
within UiPath Document Understanding, which improve the platform’s
ability to accurately process freeform unstructured documents like
legal agreements, contracts, and emails at high scale.
The new LLMs, DocPath and CommPath, provide businesses LLMs that
are extensively trained for their specific tasks—document
processing and communications. Instead of relying on imprecise and
time-consuming prompt engineering, DocPath and CommPath enable
enterprises with extensive tools to customize AI models to their
exact requirements, allowing them to understand any document and a
huge variety of message types.
In testing performed by UiPath, compared to leading GenAI
models, DocPath error rates were 45% to 76% lower. Moreover, in
interpreting complex table structures, UiPath DocPath outperformed
other IDP and GenAI vendors by registering 30-65% fewer extraction
errors. GenAI within UiPath IDP also dramatically reduces the
effort it takes to train models to understand specific documents
and forms—cutting the time up to 80%, from weeks to hours or a day
or two.
“Enterprises in every industry still struggle with
time-consuming, manual data entry to process information locked
within documents. Our LLMs, DocPath and CommPath, are built around
specialized knowledge based on our extensive experience in targeted
industries and business processes. They are tuned to process
complex business documents and diverse communications, from
intricate interactions to free-form documents and tables,” said
Graham Sheldon, Chief Product Officer at UiPath. “By narrowing the
focus, but retaining the vast power of GenAI, our specialized LLMs
can significantly outperform the output accuracy of currently
available LLMs, which is critical in delivering efficient,
trustable IDP.”
To address enterprises’ need for safe, reliable ways to use
their business data with AI models, UiPath also introduced Context
Grounding, a new feature within the UiPath AI Trust Layer now in
private preview. UiPath Context Grounding helps businesses improve
the accuracy of GenAI models by providing prompts a foundation of
business context through retrieval augmented generation. This
system extracts information from company specific datasets, like a
knowledge base or internal policies and procedures to create more
accurate and insightful responses.
Context Grounding makes business data ideal for LLMs by
converting it to an optimized format that can easily be indexed,
searched, and injected into prompts to improve GenAI predictions.
Context Grounding will enhance all UiPath Gen AI experiences in
UiPath Autopilot™, GenAI Activities, and IDP products like Document
Understanding.
To download a complimentary version of The Forrester Wave™:
Document Mining and Analytics Platforms, Process Automation, Q2
2024 report, please visit here.
*The Forrester Wave™: Document Mining and Analytics Platforms,
Q2 2024, May 30, 2024
About UiPath UiPath (NYSE: PATH) is on a mission to
uplevel knowledge work so more people can work more creatively,
collaboratively, and strategically. The AI-powered UiPath Business
Automation Platform combines the leading robotic process automation
(RPA) solution with a full suite of capabilities to understand,
automate, and operate end-to-end processes, offering unprecedented
time-to-value. For organizations that need to evolve to survive and
thrive through increasingly changing times, UiPath is The
Foundation of Innovation™.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530170709/en/
Media Contact Pete Daly UiPath pr@uipath.com
Investor Relations Contact Allise Furlani UiPath
investor.relations@uipath.com
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