Optical Character Recognition is a technology that transforms images of typewritten, printed or handwritten text to machine-coded text that edits. For example, you can take a picture and scan it and upload it of an article from the newspaper using an OCR tool and the text of the image will be converted into text that could be edited.
Mobile applications linked to OCR technology it is now possible to convert images of text into editable text immediately. Optical Character Recognition tech is getting more and more used across a variety of sectors. Here are a few of the greatest business benefits of OCR.
Data Entry is More Simple and Accurate by using ocr technology
Industries of all types are able to profit all kinds of industries can benefit from OCR particularly when they employ the technology to process data. It could be used to facilitate the entry of data for business documents such as receipts, passports and invoices as well as bank statement.
OCR is also utilized by traffic controllers for Automated Number Plate Recognition in airports for information extraction and many other ways. Let’s take a look at the world of online casinos. In recent times live casinos on the internet have gained a lot of popularity. In live casinos, you play live-streamed casino where you can engage in games such as roulette or poker in real time with real-time dealers who are located in the studio. The actions performed by the dealer during live streams are transformed into data using OCR software and special OCR cameras allow all the card symbols such as Roulette wheel number, etc to be captured and transformed into information which is then displayed on the screen. This helps provide a completely immersive experience for the players.
Digitizing Paper Documents Improves Efficiency
Paper documents can be digitally scanned for numerous benefits and it’s now possible to accomplish this using OCR technology. Apart from helping reduce paper, OCR allows all types of documents and records to be archived or shared, and sorted, as well as searched. Systems for managing files then become far more efficient. One real-world example is getting an invitation to the tradeshow.
Instead of manually entering the data in a file management system, OCR software can instantly change the card’s data to a digital editable format. Another instance is to use OCR to convert and read PDF files that would otherwise require lengthy cutting and pasting processes to edit them. In the end using OCR to convert documents on paper saves lots of time and boosts efficiency.
OCR Provides Assistive Solutions to Your Customers, Clients, and Employees
It is essential for your business to accommodate every kind of person. Through OCR technology, it’s much easier than ever to provide text documents for those who have visual impairments clients, customers or employees. OCR can take a text and transforms it into a text-to speech application, making your information available to everyone. The more you can make your content available and accessible in various formats, the better you will be able to create an image of your brand that is positive that will attract more customers and increase sales.
OCR Enables Mailroom Automation
OCR technology is able to easily remove data and create index listings, which is the reason it is utilized for mailroom automation. With its fast access to data and well-organized information, OCR software creates automation in the mailroom to ensure seamless and efficient processes. Additionally, it helps reduce costs in the management of shipping processes.
OCR Provides Fewer Errors and More Security
Since OCR can translate and read important documents like passports and driver’s licenses and license plates it is ideal for handling different forms of identification for individuals with the least amount of mistakes. Businesses of all kinds benefit from using OCR technology to confirm the identities of users in real-time. It assists in deter fraudulent attempts to use false documents, by checking them with databases-stored copies of the documents.
Therefore, OCR results in fewer errors and offers more security in the process of examining the personal details of employees, customers clients, and other.