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Unlock the power of ICR technology by automating data extraction of handwritten documents from the image to editable format by enhancing accuracy and efficiency.
In today’s era, organizations or individuals deal with an overwhelming amount of documents that require modern techniques to work smoothly. Document processing services help organizations in data extraction and conversion by assisting them to work faster and increase efficiency. These processes analyzed the documents and converted them into actionable data. Optical Character Recognition (OCR) technology has significantly advanced in converting scanned images and PDFs into editable text. However, Intelligent Character Recognition (ICR) incorporates advanced techniques to recognize and interpret handwritten characters in the document. This article will explore ICR, its benefits, use cases, and how it revolutionizes document processing and data extraction.
ICR Technology:
ICR is an advanced technology with AI-machine learning algorithms to recognize and interpret handwritten characters. While OCR focuses primarily on printed text, ICR extends this process to handwritten text, enabling the extraction of valuable data from a variety of documents, including forms, invoices, and handwritten notes. By analyzing handwritten characters’ shape, structure, and context, ICR algorithms can accurately convert them into digital text, making them editable and searchable.
ICR Scanner
An ICR scanner is a hardware device that combines traditional scanning techniques with Intelligent Character Recognition (ICR) technology. It is designed to capture and process handwritten documents and then extract and convert the handwritten characters into digital text for further analysis and data extraction. ICR scanners are used to automate the recognition and interpretation of handwritten information, improving efficiency and accuracy in document processing.
How does ICR Technology work?
The steps involved in ICR Technology are as follows:
Step1: Upload a file
In the first step, documents are uploaded to the ICR scanner.
Step 2: Scanning of Files
In the second step, APIs scan the image text, and data get extracted from the document automatically in the given font and style the system interprets.
Step 3: User verification
In this third step, the software asks users to upload handwritten signatures for user verification.
Step 4: Structure of Document
Data gets extracted from documents using key-value pairs and is structured automatically.
Step 5: Review
After proofreading and checking for spelling errors, the ICR software flags anomalies (if found) and sends documents to users for review.
Use cases of ICR Technology:
Intelligent Character Recognition is beneficial in a variety of scenarios. Some of the most popular ICR use cases are listed below (the list is not exhaustive):
- Automate the accounts payable processes
- Convert image into the text
- Automate data entry
- Extract information from PDF
- Automate form processes
Implementation of ICR Technology
Many industries use ICR as a fast and cheap solution to process large amounts of documents.
Health care:
In the healthcare sector, ICR extracts data from handwritten patient forms, prescriptions, and medical records. This enables healthcare professionals to access and analyze patient information efficiently, leading to better treatment outcomes.
Financial Institutions
ICR streamlines the processing of handwritten checks, deposit slips, and loan applications. ICR helps in reducing time, improving accuracy in results, and enhancing customer satisfaction.
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Retail Industry
ICR extracts data from handwritten feedback from customers’ forms, survey questionnaires and customer reviews on products or services into digital text by helping businesses make data-driven decisions and improve their products and services.
Education Sector
ICR simplifies the conversion of handwritten student assignments, exams, and feedback into digital format. This system helps in saving time and also enables a smooth grading process.
Benefits of ICR Technology
Data entry mistakes
Companies working with large amounts of data can expect errors. An ICR solution can help you reduce these errors significantly.
Low cost
As previously mentioned, manually processing documents can be costly. With ICR, you can reduce these costs by up to 90%.
Time-saving
Manual data extraction and verification takes 10 to 20 minutes for each document, while ICR can save 70% of that time.
Business Scalability
ICR system enables it to analyze different types of documents or process vast quantities for any sort of business, small or large.
Conclusion
Intelligent Character Recognition (ICR) is revolutionizing document processing and data extraction by extending the capabilities of traditional OCR technology to recognize and interpret handwritten characters. The benefits of ICR include reduced manual data entry efforts, improved accuracy, and enhanced document searchability and retrieval. With applications across industries such as healthcare, finance, retail, and education,
ICR (Intelligent Character Recognition) technology accurately converts handwritten or printed characters into digital text. Its advanced algorithms ensure speedy and precise data extraction, reducing manual effort and errors. Whether it’s forms, invoices, or documents, ICR technology streamlines data entry, enhances productivity, and unlocks valuable insights. Embrace the power of ICR and unleash the full potential of your data in no time. Embracing Intelligent Character Recognition is a strategic move for businesses seeking to optimize document processing and enhance their data-driven decision-making capabilities.
