Hyperautomation company Hyperscience Inc. today announced updates to its Hypercell platform that are designed to accelerate automation for a wide variety of back-office documents, use cases and processes.
The new updates are focused on helping organizations further embed machine learning and artificial intelligence into the core of their businesses to accelerate digital transformation efforts. The updates seek to address the issue wherein 70% of digital transformation projects, according to a McKinsey study, fail to achieve their stated goals.
Hyperscience argues that this outcome is due to traditional intelligent document processing, robotic process automation and optical character recognition technologies falling short in delivering on the promise of digital transformation. That’s because they’re typically rigid and rules-based and hence struggle to adapt to new, varied and complex document types inside an organization.
Hypercell, built with AI at the core, delivers accuracy rates of 99.5% and automation rates of 98%, with modular blocks and workflows that deliver …