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The answer is Electronic Data Interchange (EDI) , a standardized method for exchanging electronic documents between businesses. However, even with EDI in place, challenges arise when documents , such as purchase orders and invoices, need to be translated between different formats. billion by 2030, with a CAGR of 12.5%.
trillion yearly to the global economy by 2030; thats more than the current output of China and India combined. Intelligent Document Processing x GenAI: Key Learnings from 2024 Generative AI (GenAI) is disrupting industries and finding hundreds of use cases, with hundreds of billions of dollars being poured into AI research every year.
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