A good portion of a data scientist's time is consumed by data preparation. According to an Anaconda report, up to 39% of their efforts are dedicated to tasks like cleansing and annotating data before it's usable for training models. This statistic sheds light on the extensive work that goes unseen behind the scenes of data-driven products.
For product managers, this emphasis on data prep presents a critical challenge. Ideally, they need solutions that integrate with existing systems while also catering to the specific needs of their product. Finding tools that strike this balance is a hurdle.
The time-consuming nature of data preparation highlights the importance of streamlining the process. Solutions that automate data cleansing tasks or offer pre-annotated datasets can free up valuable time for data scientists. This allows them to focus on core competencies like model building, analysis and interpretation – activities that directly translate into actionable insights for product development.
While data preparation is a crucial step in the data science workflow, minimizing its time burden is essential. And Mindee, the developer platform for AI document processing, released a product that helps minimize the time with pulling data from documents: docTI. The docTI solution is an intelligent document processing tool that allows the processing of any document type, in any language, without the requirement of data model training.
Mindee specializes in advanced optical character recognition APIs and enables the easy integration of intelligent document processing capabilities into any app or system. Their technology extracts and structures a wide array of data – processing documents at an unprecedented scale, in real time, and with accuracy.
Building on Mindee's initial offering — an extensive API catalog for processing common documents — docTI extends this capability to any document type. This makes it an essential tool for fintech, HRIS, legal systems and more.
"Mindee’s core vision is to deliver solutions that align perfectly with the specific needs of our clients,” said Jonathan Grandperrin, CEO, Mindee. "With docTI, we're bringing a one-of-a-kind expertise of deep learning, computer vision, and large language models to provide the most adaptable, dynamic and high-performing document processing tool on the market."
The introduction of docTI marks a pivotal moment in helping SaaS development teams eliminate the lengthy and complex process of data collection, annotation and model training.
Edited by
Alex Passett
