HFS Hot Vendor: Indico

Indico profile

  • Lead Author: Elena Christopher
  • Product/Service/Hybrid: Product
  • Primary Emerging Tech: Intelligent Document Processing
  • Secondary Emerging Tech: Not applicable
  • Functional Focus Business: Not applicable
  • Functional Focus IT: Low Code/No Code
  • Industry: Not applicable
  • Next Gen Delivery Models: Not applicable
  • HQ Based: NA
  • Published: 2021 Q2
Indico

Indico wants to help your enterprise do more with data—especially unstructured data trapped in text and image files. Many business processes today, from invoice processing to claims adjudication to trade confirmations, require humans to execute various manual, tedious processes to liberate contextual data from its sources to do useful things with it. Indico offers an AI-powered software platform designed to intake and understand data in documents. It goes beyond the deterministic character or word recognition of optical character recognition (OCR) platforms or the rigid world of rule-based systems to a probabilistic cognitive understanding of context and meaning. Its skill at extracting data from myriad sources allows the Indico platform to search and identify required data regardless of how it’s structured or where it’s located. Look, mom, no templates or rules required!

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