We arguably live in one of the phenomenal eras witnessing technological disruption. We are transforming into a more digitalized world where businesses are going digital. Especially, when the recent pandemic situation has made us realize the importance of digitization and global connectivity. As a result, a countless number of physical documents have been digitized using advanced technologies.

One of these is Optical Character Recognition (OCR). Although OCR is not a new thing, constant improvement in this technology and high demand for digital automation is increasing adoption of OCR technology. The global OCR market is expected to grow at a revenue CAGR of 15.2% between 2020-2030. This market value is no doubt a result of technological advancement. The technologies like neural networks, machine learning, and natural language processing are helping businesses to provide an easy customer experience.

In this article, we will discuss how artificial intelligence and OCR technologies are helping in digitalization and complete automation.

AI-Powered OCR Engine Making Automation Easier for Businesses

Translating text into machine-readable language and making it useful for an operation like data collection, filing taxes online, creating a digital backup of files is not an easy task to handle manually. However, AI-powered OCR can extract and analyze data from physical documents as well.

#ai #artificial intelligence #neural network #ocr #ocr document scanning