In this digital age, where businesses are dealing with piles and piles of data, having a technology that automates their operations is a need of the moment. Businesses are searching for those solutions that help them in data extraction and processing while not compromising their client’s needs. This is where OCR scanning came as a hope. It simplifies the data extraction processes and reduces the time needed for entering data manually.
OCR services convert image files or handwritten documents into computer-readable formats. Businesses are now using the technology to retrieve information from different documents like driving licenses, ID cards, passports, etc. Then the retrieved information is stored in an electronic database so that it can be used in the future too.
Before the advent of OCR technology, companies have to type or retype the data manually which was not only susp[tible to human errors but also take much of the employee’s valuable time. The OCR process has now made things easier and has automated companies in the entire world. Vehicles’ number plate is now automatically recognized, old texts are easily searched, and the documents are even indexed whenever required through OCR services. Besides this, the technology has some other great applications which are as under:
1- Information Retrieval
PDF formats are now searchable just because of the OCR technology. Companies that are deploying OCR solutions can now search paper documents as well as image-only PDFs. The searchable PDFs, unlike the ordinary PDF file, have an invisible overlay that contains text which is searchable. Thus, the technology serves as a digital system to search names, keywords, phrases, and other details from the files.
2- Greater Protection with Cloud Storage
Companies that are paper-based are prone to illegal access and it is really challenging for them to come out of this problem. On the other hand, cloud storage protects the firms’ data effectively, giving controlled access and safeguarding the businesses from sophisticated crimes such as data breaches. Thus, the character recognition app is a great bet in this case that not only retrieves data from documents but also store them in the cloud, providing greater safety. All the firms whether they are startups or well-established companies prefer digitally storing data as compared to physical methods. So, the OCR technology allows the user to access, read, and modify the data remotely whenever and wherever they need it.
3- Reducing Costs
Another application of the OCR document scanner is that it is integrated into the system and extracts information, processes it, and stores it in the digital format, hence, automating companies. Businesses that use OCR are no more required to hire manpower for their data entry or recognition processes which as a result cut down their costs. Furthermore, it minimizes companies’ costs of printing and shipping, etc. as it handles all the data electronically besides maintaining bundles of documents that need large space.
4- Time Optimization
Using mobile OCR to retrieve data from paper documents is what saves the company time for other important and urgent tasks. When compared to the conventional data entry process. It is accurate, decreases the error rate, and optimizes the time required to finish a task. Furthermore, it enhances the firm’s productivity and helps it earn greater revenue.
5- Digital Identity Verification
Businesses need identity verification solutions to protect themselves from fraudsters and stay compliant with regulations. Document verification is a technique that businesses use to identify bad actors. Document verification solution uses optical character readers to extract the details of the users. Process them, and provide the results in no time.
Digital companies can scan customer invoices after importing the files into the system. The information that is retrieved is authenticated automatically with OCR text recognition to ensure its accuracy and credibility. The slip is classified accordingly and sent to the accounting system afterward. This is how the entire system is automated once the content is analyzed and moved to the relevant position.
OCR scanning has automated the company operations in this modern era. Companies that use this technology can save their precious time and resources in collecting and managing huge bundles of files. With advanced OCR solutions, companies can retrieve data from piles of paper documents and can store them digitally. This not only protects the clients’ details but also protects the company from any kind of fraudulent and criminal activities. A company where clients feel satisfied can make its mark in the competitive world very easily.