What is Intelligent Document Recognition?
Intelligent document recognition is a new technology that promises to transform the way businesses handle document processing. It is geared towards recognizing invoices, tax forms, survey forms, and various other business and administrative documents that might be either formal or loosely structured with and proper storage and retrieval of these documents for business purposes. It uses a combination of optical character recognition techniques and rules based engines to characterize documents and classify them correctly.
How Does Intelligent Document Recognition Work?
An Intelligent document recognition system analyzes the content of the document that it receives, and looks for certain keywords that match its database of business terms. For example, if the document fed into it contains the word invoice, then it makes an initial guess that it is handling an invoice. Subsequently, if it finds that the document also contains terms such as credit period, item description, quantity, tax rates etc. and these terms are present in the correct places, then it draws an inference that it is indeed handling a business invoice, and proceeds to generate an invoice form with properly tagged fields. All you need to do is to fill up the fields and store it in your file server. An Intelligent document recognition engine also has a set of learning rules so that it can undergo training as you keep using it and make more intelligent uses.
Advantages of Intelligent Document Recognition
There are many advantages to the proposed intelligent document recognition framework. First, it has higher accuracy than an OCR because it uses validation techniques such as proximity and document layout while preparing its output. Secondly, it has a learning process which enables it to improve its performance as you keep using it. Third, it can set up with a data mining framework for better classification of all your documents and retrieval of your data when required.