The World Economic Forum predicts that AI will replace 85 million jobs by 2025 but could also generate 97 million new roles. Erxleben sees this as an opportunity for companies to use talent differently and make jobs more attractive by highlighting the use of new technology. Hypatos' AI tool, which can be integrated into an SAP system, classifies incoming documents, extracts information, structures data for target systems, and validates information against business rules. It only asks for human help when it encounters something unusual, and then learns from each new exception.
Key takeaways:
- Hypatos, a company that automates complex document processing, uses third-wave AI that can recognize, classify, and adapt to new situations autonomously.
- The third wave of AI is powered by Large Language Models (LLMs) and specialized transformers, which can automate back-office processes at superhuman quality and speed.
- AI is predicted to replace 85 million jobs by 2025, but could also potentially generate 97 million new roles, according to a report by the World Economic Forum.
- Hypatos' Intelligent Document Processing (IDP) platform can be installed into an SAP system, improving the quality of data and speeding up accounting activities, while ensuring compliance and accuracy.