"New Benchmark Enables Businesses to Evaluate Language Model Document Management Capabilities"

Indico Data has introduced an innovative platform that allows businesses to assess and share the document understanding capabilities of their large language models (LLMs). Many current benchmarks for language models focus predominantly on chatbot-related tasks. In response, Indico has developed a solution that enables businesses and developers to evaluate how effectively their AI models extract data from various inputs, as well as perform crucial tasks such as summarizing and classifying documents.

This benchmark platform is designed specifically for IT executives, data scientists, and business decision-makers, offering a comparative analysis feature through a leaderboard. Users can uncover performance levels and evaluate the operational costs associated with deploying large language models.

Tom Wilde, CEO of Indico, emphasizes the company's mission, stating, "Indico has been committed to fostering transparency and trust within the AI industry since our founding. Our latest initiative, the LLM benchmark site, fills a critical gap in the market by offering factual, unbiased information. This platform is essential for enterprises, providing them with the reliable data they need to select solutions that optimally align with their operational requirements."

Prior to launching this benchmark platform, Indico specialized in creating AI solutions aimed at extracting insights from unstructured data sources, which include documents, videos, emails, and images. Their Data Intelligent Intake solution has successfully automated document handling across various sectors such as healthcare, finance, and insurance.

Notable clients of Indico include major players like MetLife, Cushman & Wakefield, and Cognizant, highlighting the platform’s relevance across diverse industries. Founded in 2013 and based in Boston, Massachusetts, Indico has secured $30.4 million in funding, supported by investors including Sandbox Insurtech Ventures, Hyperplane, and Boston Seed Capital.

With this new benchmarking platform, Indico positions itself as a pivotal resource for organizations aiming to enhance their AI capabilities, making informed decisions based on transparent performance data.