Infrrd AI Enabled Intelligent Document Processing for Complex Documents

Whether qualitative, quantitative or temporal dataset, a tabular presentation has always been a systematic yet logical way to represent data. As data increases at unprecedented rates, the struggle lies in binding data-enriched tables to paper-centric sources. Also, the difficulty with these paper-centric documents is that it limits the capability to automatically extract and interpret insights computationally for future use. READ MORE .......

Data Extraction From Annual Reports Do you spend a lot of time daily in extracting meaningful insights from  𝐜𝐨𝐦𝐩𝐥𝐞𝐱 𝐚𝐧𝐧𝐮𝐚𝐥 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 ? Annual reports come in all sorts of formats with non-standard taxonomy being the norm more than the exception. Add in that important information is always presented in tables, charts, graphs, and other containers  OCR   has difficulty reading, and the picture is clear.A single Annual Report can be up to 186 pages or more. When humans are left to manually extract critical data from each page, how long do you think a single review of a single document would take? Now what if you had hundreds? Thousands to review? Find out how  𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐃𝐚𝐭𝐚 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠  platform will make your time more beneficial READ MORE

When introduced,  Optical Character Recognition software  was considered to be a boon for businesses. Instead of manually transferring data from records, one could now simply extract data from them. Later they can enter it automatically into in-house systems. We can save hours of manual labor but there remains a caveat. Errors introduced during the extraction process remain in your system. Before we recognize and fix the errors it can stall the work for many hours. OCR scanners  are prone to fail when one tries to extract data from old documents. Either the fading of the print or the lack of contrast can lead the software to incorrect recognition of patterns. Additionally, most online  OCR software  is designed to work with English as a language. But not everybody uses English as their first language. If you travel to Europe, the script remains the same but the language differs. A smart engine OCR should be able to pick up this difference in language and ada...

Does your OCR technology make sense of the data that is extracted? Traditional OCR technology provides less accuracy as it does not understand what is being extracted and hence a considerable amount of errors occur. To remove such errors it needs manual fixing which is time-consuming and will require significant resources. The AI-powered Infrrd OCR removes all such difficulties by implementing machine learning algorithms to understand the data that has been extracted and improves the output automatically. Thinking About Switching From Your Current data extraction technology To an intelligent one? Here Are 7 Questions To Consider First: 1. How accurate is your OCR data extraction? When it comes to choosing an OCR app, accuracy is one of the most important criteria. Infrrd OCR is different from other OCR software as it works on significantly improving the accuracy of the extracted data. It achieves this by learning from existing business records and extracting data in cate...