Sunday, August 9Digital Marketing Journals

ocr

The Role of AI in the Transformation of the Insurance Industry — DATAVERSITY | by Shaip | Sep, 2022
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The Role of AI in the Transformation of the Insurance Industry — DATAVERSITY | by Shaip | Sep, 2022

The insurance industry has been traditionally conservative with technology advances and hesitant to adopt new technologies. However, times are changing, and artificial intelligence (AI) is gaining much attention from insurance companies, who are starting to realize the important role that AI can play in their operations.AI in the insurance industry is poised to bring another wave of disruption and innovation to this $5.3 trillion global market.GET UNLIMITED ACCESS TO 140+ ONLINE COURSESChoose from a wide range of on-demand Data Management courses and comprehensive training programs with our professional subscription.According to McKinsey & Company, there’ll be 1 trillion connected devices by 2025. This will help collect tons of data to enhance the power of AI in the insurance industry ...
How can OCR help with RPA and Document Processing? — Techashton | by Shaip | Jul, 2022
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How can OCR help with RPA and Document Processing? — Techashton | by Shaip | Jul, 2022

OCR or Optical Character Recognition is a fun way to read and understand documents. But why does it even make sense? Let’s find out. But before we proceed, we need to wrap our head around a less common machine learning term: RPA (Robotic Process Automation).For the unversed, RPA is Robotic Process Automation, which is instrumental in helping businesses eliminate repetitive tasks. Document processing happens to be one such task- where the focus is often on invoices and handwritten tasks. Simply put, OCR can help with this aspect of document processing- the one involving tons of error-prone identification.So let’s dive right in and understand the process better:What is OCR in RPA?Trust us; we wouldn’t overcomplicate things. OCR or Optical Character Recognition is a machine learning tool capa...
Top 7 Optical Character Recognition Use Cases in 2022 | by Shaip | Jun, 2022
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Top 7 Optical Character Recognition Use Cases in 2022 | by Shaip | Jun, 2022

Have you ever wondered about the amount of data that an organization holds in the form of papers and multiple formats in its system all across the organization? The answer is innumerable. Data is the key to business growth and its keeps accelerating with time. For example, you have a pdf life and you can’t make any changes until it’s in editable format. To copy the text directly requires you to convert the file into text format and then process it. Considering the time and effort involved in the whole process makes the place for technology adoption to fast-track the data processing. And the answer lies in Optical Character Recognition (OCR). Do you think OCR can add value to your business and organization, let’s dive into the basics of Optical Character Recognition (OCR) and its most relev...
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What is OCR? How does it work, and what are its use cases? — Tech Zimo

What is OCR? How does it work, and what are its use cases? — Tech ZimoYou might be familiar with OCR technology if you have been in the race of making automated document processing workflows. Moreover, with increasing digital advancementEnterprises across the world are transitioning from paper-based documents to digital data processing. But, what is OCR? How does it work? And in which business process can it be utilized to leverage its benefits? Let’s dig into this article into what benefits OCR brings to the table.An OCR system is a combination of hardware and software. The main goal of this technology is to scan the textual data and images from the physical document and translate the character within document and then utilize it for processing data or information. Organizations can use O...