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Chris Rennie, a long-time friend of the speaker Tom, discusses Intelligent Document Processing (IDP). IDP blends AI technologies like OCR, NERs, and machine learning to process documents efficiently, extract relevant information, and feed output into downstream applications. Various packages on the market offer IDP solutions, such as Flexi Capture from Abby, IBM's Datacap, Automation Anywhere's IQBot, and UiPath.