Nanonets
Nanonets is an AI-powered intelligent automation platform that extracts data from unstructured sources and automates complex business processes with high accuracy.
https://nanonets.com/
Product Information
Updated:Dec 9, 2024
Nanonets Monthly Traffic Trends
Nanonets experienced a 21.1% decline in traffic, reaching 609K visits. Despite recent funding and expanded offerings, including an autonomous AI agent and no-code solutions, the decline might be influenced by increased competition in the AI document processing market.
What is Nanonets
Nanonets is a machine learning and artificial intelligence company founded in 2017 that provides intelligent automation solutions for businesses. Their platform uses advanced AI and deep learning to extract meaningful information from unstructured data sources like documents, emails, and databases. Nanonets enables companies to automate manual and repetitive workflows, especially in areas like document processing, data entry, and back-office operations. The company is headquartered in San Francisco and aims to simplify AI adoption for businesses of all sizes.
Key Features of Nanonets
Nanonets is an AI-powered intelligent automation platform that extracts data from unstructured documents, automates complex business processes, and integrates with existing workflows. It uses advanced OCR and machine learning to accurately capture information from various document types, enabling businesses to streamline operations, reduce manual effort, and achieve significant time and cost savings across industries.
Intelligent Data Extraction: Uses AI and OCR to accurately extract data from unstructured documents like invoices, receipts, and forms without predefined templates.
No-Code Workflow Automation: Allows users to automate complex business processes without coding, using a visual interface to design end-to-end workflows.
Multi-Source Integration: Seamlessly integrates with various data sources including emails, cloud storage, databases, and enterprise systems like SAP and QuickBooks.
Self-Learning AI Models: Continuously improves accuracy over time by learning from new documents processed, requiring minimal training data.
Customizable Decision Engines: Enables creation of rules and logic to automate decision-making processes within workflows.
Use Cases of Nanonets
Accounts Payable Automation: Automates invoice processing, approval workflows, and payment reconciliation in finance departments.
Supply Chain Optimization: Streamlines order processing, inventory management, and demand forecasting in manufacturing and logistics.
Healthcare Document Management: Organizes and processes patient records, medical reports, and insurance claims to improve healthcare administration efficiency.
Customer Onboarding: Automates KYC processes, document verification, and data entry for faster customer onboarding in financial services.
Expense Management: Extracts data from receipts and automates expense report creation and approval for improved financial control.
Pros
High accuracy in data extraction (>95% reported by users)
Significant reduction in manual effort and processing time (up to 88.3%)
Flexible integration with existing systems and workflows
No-code platform accessible to non-technical users
Cons
Pricing may be high for small businesses or low-volume users
Limited customization options in lower-tier plans
Some users report a learning curve in initial setup and configuration
How to Use Nanonets
Sign up for an account: Go to https://app.nanonets.com/#/signup and create a free account with your business email
Get your API key: Once signed up, go to My Account > API Keys to get your API key
Choose a pre-built model or create a custom model: Select a pre-made model for common document types like invoices and receipts, or create a custom model for your specific needs
Upload training data: For custom models, upload at least 10 sample documents to train the AI
Label data: Mark the data you want to extract on your sample documents and assign labels
Train the model: Click to train the model, which will take 10-45 minutes. You'll receive an email when it's ready.
Test the model: Upload new documents to test the model's accuracy in extracting data
Integrate with your workflow: Use the Nanonets API or no-code platform to integrate the model into your business processes
Automate data extraction: Set up automated workflows to extract data from new documents as they come in
Export data: Push extracted data to your CRM, database or export as CSV, XLS, etc.
Nanonets FAQs
Nanonets is an AI-powered platform that uses advanced OCR and deep learning to automate complex business processes and extract data from unstructured documents. It enables businesses to streamline workflows, reduce manual effort, and gain insights from various data sources.
Official Posts
Loading...Related Articles
Popular Articles
Claude 3.5 Haiku: Anthropic's Fastest AI Model Now Available
Dec 13, 2024
Uhmegle vs Chatroulette: The Battle of Random Chat Platforms
Dec 13, 2024
12 Days of OpenAI Content Update 2024
Dec 13, 2024
Best AI Tools for Work in 2024: Elevating Presentations, Recruitment, Resumes, Meetings, Coding, App Development, and Web Build
Dec 13, 2024
Analytics of Nanonets Website
Nanonets Traffic & Rankings
609.6K
Monthly Visits
#92003
Global Rank
#496
Category Rank
Traffic Trends: May 2024-Nov 2024
Nanonets User Insights
00:01:51
Avg. Visit Duration
2.66
Pages Per Visit
56.94%
User Bounce Rate
Top Regions of Nanonets
IN: 29.94%
US: 15.12%
PK: 3.89%
ID: 3.27%
GB: 3.01%
Others: 44.77%
Latest AI Tools Similar to Nanonets
Tomat
Tomat.AI is an AI-powered desktop application that enables users to easily explore, analyze, and automate large CSV and Excel files without coding, featuring local processing and advanced data manipulation capabilities.
Data Nuts
DataNuts is a comprehensive data management and analytics solutions provider that specializes in healthcare solutions, cloud migration, and AI-powered database querying capabilities.
CogniKeep AI
CogniKeep AI is a private, enterprise-grade AI solution that enables organizations to deploy secure, customizable AI capabilities within their own infrastructure while maintaining complete data privacy and security.
EasyRFP
EasyRFP is an AI-powered edge computing toolkit that streamlines RFP (Request for Proposal) responses and enables real-time field phenotyping through deep learning technology.
Popular AI Tools Like Nanonets
Grass
Grass is a platform that rewards users with cryptocurrency tokens for sharing their unused internet bandwidth while contributing to AI development and data processing.
Julius AI | Your AI Data Analyst
Julius AI is a powerful AI-powered data analyst that helps users analyze, visualize, and transform data through natural language conversations, creating graphs, building forecasting models, and more.
Appen
Appen is a leading global provider of high-quality training data for machine learning and artificial intelligence, offering end-to-end data annotation services and platform solutions.
clickworker
Clickworker is a global crowdsourcing platform that connects businesses with millions of freelancers to complete microtasks and generate AI training data.