Nanonets Introduction

Nanonets is an AI-powered intelligent automation platform that extracts data from unstructured sources and automates complex business processes with high accuracy.
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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.

How does Nanonets work?

Nanonets' platform works by ingesting data from various sources like emails, cloud storage, or support tickets. It then uses AI-powered extractors to accurately pull out relevant information without relying on predefined templates. The extracted data can be processed through customizable decision engines to flag issues, validate information, or enhance the data. Finally, the structured data can be exported to other business systems or as files. Nanonets provides pre-built models for common use cases but also allows users to easily train custom models for their specific needs. The no-code interface makes it simple for non-technical users to set up automated workflows.

Benefits of Nanonets

Using Nanonets provides several key benefits for businesses. It significantly reduces manual effort, with customers reporting up to 88% reduction in data processing time. The high accuracy of over 95% improves data quality and reliability. Nanonets enables rapid scaling of operations, allowing companies to handle increased document volumes without proportionally increasing costs. The platform's flexibility lets businesses automate a wide range of processes across departments. Overall, Nanonets helps companies improve efficiency, reduce errors, save time and costs, and free up employees to focus on higher-value work.

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.

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