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Challenges AI faces in understanding invoice information.

🎥Unraveling the complexity of invoice processing with Niyati. Ever been curious about why AI struggles with invoice processing? Here’s an engaging conversation with Niyati, Co-Founder and VP-AI at Hyperbots, and Emily, digital transformation consultant at Hyperbots who reveal the intricate challenges and nuances of these critical business tasks. Highlights from our discussion: - Diverse formats: Invoices come in many forms—PDFs, scans, images, handwritten notes. Each vendor uses their own format, making standardization a challenge. - Industry-specific differences: Understand how different industries have unique invoice details and how it’s represented across industries. - Challenges with line items: Learn about how AI finds it tough to process tables with numbers and spatial relationships rather than plain text. - Tiny text & OCR limitations: The fine print on invoices includes critical details like payment terms and discounts. Even advanced OCR technologies can struggle with extracting and interpreting this small text. Explore this discussion and see why solving these challenges is both intriguing and essential for AI innovation. If you’re interested in the blend of finance and technology, this conversation is a must-watch!