NEW YORK–(BUSINESS WIRE)–Hyperscience, the most accurate Intelligent Document Processing Platform, today announced that it is on track to surpass one billion processed documents for the U.S. Government in 2023. This significant milestone demonstrates Hyperscience’s ability to unlock valuable data with unrivaled accuracy for Federal clients, including The Social Security Administration, The U.S. Department of Veterans Affairs, The Internal Revenue Service, The U.S. Air Force, and more.
“Six years ago, Hyperscience started partnering with Federal entities, helping to digitize and automate the slowest, most dated document- and data-heavy processes,” said Charlie Newark-French, Interim CEO at Hyperscience. “Not only are many of these workflows mission-critical, but in almost every case, the documents and data awaiting processing are beyond human capacity alone. We’ve been able to make a real impact by rapidly reducing backlogs, and even bridging some workforce gaps, to ultimately improve citizen response times and the government employee experience—and we’re just getting started.”
Hyperscience leverages advanced Machine Learning (ML) and Artificial Intelligence (AI) algorithms to augment a human’s ability to extract data from complex, multimodal documents, with up to 99.5% accuracy, from a single, unified platform. Specifically, users are able to:
- Automate More Use Cases: Classify text, emails, and unstructured documents by user intent, sentiment, or topic—letting ML technology find and extract the relevant data.
- Scale The Use Of AI: Train better ML models faster with an ML-guided user experience that flags potential errors and anomalies during the training data labeling process.
- Achieve End-To-End Processing: Reduce average data and document handling time with an improved workflow engine that supports higher-quality decisions with required and dependent fields.
“By unlocking valuable data with unrivaled accuracy, Hyperscience is modernizing document processing for the U.S. Government, improving response times to citizens by shifting weeks to hours and even minutes,” said Glenn Finch, Global Managing Partner, Data & Technology Transformation at IBM. “Their human-centered approach to automation is a game-changer in the industry.”
Fueled by continuous innovation and a deep understanding of the unique challenges facing government agencies, Hyperscience and its proven track record of efficiency and reduced costs, positions the company to expand its footprint in the industry as a strategic technology partner for the U.S. Government.