Application of OCR
There are several areas where application of OCR software is beneficial. In fact, over the decades, since the creation of this type of software, it has become quite widespread and is used for a range of recognition tasks. Here it is important to state that the application of OCR software to recognize printed text present on scanned documents is currently labeled as a solved task. This is due to the fact that OCR technology has advanced rapidly and the accuracy rates achieved are often around 99.8%. That said, there are several different types of OCR technologies and these are often used in companies to capture everything from handwriting to data from checkboxes. These advanced OCR technologies have extended the application of OCR to almost every department in a company. Needless to say, the use of OCR software has spread to different industries including the healthcare and financial sectors where such software is used to maintain medical records and financial documents.
Benefits Derived from the Application of OCR Technology
There are several benefits to be had from the application of OCR technology. However, one of the main ones is that such technology helps do away with the need for manual labor. When application of OCR technology is done in accounts payable departments the need for manual data entry teams to read and retype information from invoices can be done away with. Here the application of OCR technology results in data being captured automatically from each invoice.
How is the Application of OCR Software Helpful in Processing Forms?
When questionnaires or forms of different structures need to be processed, the application of OCR software is helpful. This is because there are several OCR software packages available to handle data capture from a variety of forms whether they have a structured, semi structured or unstructured format. When such software packages are used, data entry teams never have to read through forms and questionnaires and capture information filled in by users. Instead such forms and questionnaires can be processed with application of OCR software within a few minutes and the data can be transferred to databases.