Datamatics gains up to 6% on unveiling pricing for its AI powered data capture solution
Upstox
2 min read • Updated: March 21, 2024, 3:18 PM
Summary
The TruCap+ GenAI version was launched by the company last year in November and is available to all customers. The release of pricing will provide Datamatics customers with not just an accurate but also predictable spends for making use of the company’s GenAI technology backed TruCap+.
Datamatics Global Services Ltd shares jumped nearly 6% on Thursday after the company unveiled the pricing and the features for the Generative AI version of its intelligent document processing solution TruCap+.
The IT services and consulting firm, in a stock exchange filing, announced the pricing for its highly anticipated GenAI version of the TruCap+ on Thursday. This makes the company among the first movers in the IDP software segment to offer a transparent and accessible pricing for the GenAI version of its product.
This will provide customers with not just an accurate but also predictable spends for making use of the company’s GenAI technology.
The TruCap+ GenAI version was launched by the company last year in November and is available to all customers. The TruCap+ is an IDP software powered by artificial intelligence which automates data extraction from structured, semi-structured as well as unstructured documents.
Given AI is at the core of this software, it helps users with a template-free approach, delivering an increased straight-through processing (STP) with a higher accuracy.
The cloud-based architecture of TruCap+ allows it to scale on demand while meeting enterprise-grade standards for security, reliability, and integration. The recently introduced version of the software helps customers to leverage the power of GenAI at an affordable price point, thereby providing them with a faster go-live as well as reduced training time and maintenance costs.
“TruCap+ has Artificial Intelligence at the core. Both versions of TruCap+ boast AI features that make it extremely powerful and tailored for distinct use cases. While the classic version of TruCap+ is better suited for semi-structured documents with moderate complexity, TruCap+ GenAI excels with highly complex and unstructured documents, particularly when the business needs to go live faster,” the EVP & Chief Marketing Officer of Datamatics, Mitul Mehta said.
Shares of Datamatics were trading at ₹532 apiece, up 2.5%, on the NSE at 15:17 pm.