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Data analytics is incredibly valuable for helping people. More institutions are recognizing this, so the market for data analytics in education is projected to be worth over $57 billion by 2030. They can use data analytics and predictiveanalytics tools to anticipate these trends more easily.
Various technologies are commonly used in AI -powered document processing , including deep learning, machine learning, and natural language processing. This is largely due to the convenience of receiving real-time updates on claim status, coverage details, and documentation requirements. billion in 2022 to USD 40.1
Electronic Data Interchange (EDI) has long been a cornerstone of modern business operations, enabling organizations to exchange business documents and data in a standardized electronic format. Predictiveanalytics, a sub-field of AI, is also entering the EDI landscape. billion in 2023 to $4.52
NLP is currently being used to interpret sophisticated legal documents by recognizing important clauses and assessing the risks involved. Optical character recognition: Image and document scanning is a synonym of recognition for the machine to read typed or printed text. As a result, automation in processing documents is ushered in.
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