Xiao-I Launches Revolutionary Intelligent Document Processing Solution, Catalyzing the Future of Enterprise Document Management
May 18 2023 - 10:00PM
Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a
leading cognitive artificial intelligence (“AI”) enterprise in
China, today announced the launch of its state-of-the-art
Intelligent Document Processing (“IDP”) product. This innovative
solution is delivered by a smart and efficient platform that
streamlines and automates the document management process,
empowering businesses towards an era of intelligent operations.
In the fast-paced landscape of digital
transformation, enterprises frequently grapple with an overwhelming
volume of documents, intricate document types, and inefficiency in
manual information processing. Xiao-I's IDP solution addresses
these challenges by providing automated document recognition,
classification, and key information extraction to significantly
bolster operational efficiency for Xiao-I’s customers.
Xiao-I's IDP solution, underpinned by
cutting-edge technologies including Optical Character Recognition,
Computer Vision, Natural Language Processing, and Machine Learning,
is integrated with Robotic Process Automation (“RPA”) to form a
comprehensive RPA+IDP system. This advanced system intelligently
captures and organizes information in documents by recognizing,
classifying, and extracting vital data, which would then be
seamlessly integrated into enterprise systems. The result is a
highly efficient, transparent process that preserves the integrity
of document data, satisfies diverse enterprise document needs, and
significantly reduces time and manpower through end-to-end process
automation.
IDP also excels in image extraction,
illustrating its high versatility. A case in point is the insurance
sector, where RPA collects images, IDP classifies and extracts the
relevant data, and RPA finalizes the process by inputting this
information into the business system, thereby generating the final
insurance record. This innovative approach curtails the necessity
for multi-step manual intervention to boost efficiency, minimize
errors, and enhance customer satisfaction.
Mr. Hui Yuan, Chairman and Chief Executive
Officer of Xiao-I, commented, "Our IDP solution, which is
integrated with our leading RPA capabilities, showcases its
adaptability across an array of sectors including finance, banking,
insurance, healthcare, retail, e-commerce, government, and human
resources as well as in standard document processing scenarios. As
we see the adoption of our IDP product growing exponentially, our
commitment to empowering businesses through digital and intelligent
solutions remains. We envision a smarter, more efficient future,
and we are dedicated to making that vision a reality by nurturing
digital transformation and harnessing the power of innovation.”
About Xiao-I CorporationXiao-I
Corporation is a leading cognitive intelligence enterprise in China
that offers a diverse range of business solutions and services in
artificial intelligence, covering natural language processing,
voice and image recognition, machine learning and affective
computing. Since its inception in 2001, the Company has developed
an extensive portfolio of cognitive intelligence technologies that
are highly suitable and have been applied to a wide variety of
business cases. Xiao-I powers its cognitive intelligence products
and services with its cutting-edge, proprietary AI technologies to
enable and promote industrial digitization, intelligent upgrading,
and transformation.
Forward-Looking
StatementsCertain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “approximates,” “assesses,” “believes,”
“hopes,” “expects,” “anticipates,” “estimates,” “projects,”
“intends,” “plans,” “will,” “would,” “should,” “could,” “may” or
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the SEC.
For investor and media inquiries, please
contact:Ms. Sarah Gu Phone: +1 5713269722Email:
ir@xiaoi.com
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