Best Document Digitization Companies in India in 2024
What is data digitization? Data digitization, often simply referred to as digitization, is the process of converting analog information or physical documents into digital formats. This transformation involves using technology to capture, store, and manage data in a digital form, making it easily accessible, searchable, and manipulable. What are the benefits of digitizing services? For […]
How Companies are Leveraging Document Digitization Scanner to Scale Faster
[vc_row pix_particles_check=””][vc_column][vc_column_text]Almost every company is involved in document-intensive activities and generates large volumes of data to scale their business and manufacture better solutions. However, these documentation tasks can be taken care of 50% faster and 35% more cost-effectively, if only companies switch to Intelligent Document Processing tools. Intrigued? Here’s everything you need to know about […]
How do data extraction companies benefit businesses?
[vc_row pix_particles_check=””][vc_column][vc_column_text]Data extraction is one of the crucial activities needed for any company that often deals with large data pools, both unstructured and semi-structured. Therefore, acquiring information from a specific source and processing it accordingly to improve organizational processes is essential. Given the constant changes in the digital world, data extraction has gained massive popularity […]
KlearStack AI vs Docparser
[vc_row pix_particles_check=””][vc_column][vc_column_text]KlearStack AI vs Docparser, both are data extraction software that helps to accurately extract data from different types of documents. The fundamental technology behind both solutions is the OCR technology that enables accurate data prediction and extraction. These solutions help enterprises to save costs and boost their productivity to focus on growing their business. […]
3 Use Cases that Extract Text From Image Software
[vc_row pix_particles_check=””][vc_column][vc_column_text]McKinsey has predicted that data automation will fulfill 10-25% of bank business processes within the next few years. This will increase the capacity of financial institutions. It will also enable banking employees to focus on more challenging tasks. Banking institutions would require complex problem-solving and creativity. Extracting text from image software will be at […]
Top Document Digitization Companies In US
[vc_row pix_particles_check=””][vc_column][vc_column_text]A couple of decades back, there was a growing consensus within the industry that a solution that could improve business efficiency for document dependent businesses was the need of the hour. It was in this backdrop that the United States saw a rise of several advanced solutions that could digitize routine documents instantly. Primarily […]
AI Text Recognition for Handwritten Documents
[vc_row pix_particles_check=””][vc_column][vc_column_text]The concept of optical character recognition is now very widely known and understood. However, handwritten text recognition is still an area of open research, for which multiple algorithms have been developed to date to facilitate the automatic capturing of text in documents. AI Text Recognition solutions based on neural networks have now gained acceptance […]
3 Document Verification Using AI Use Cases for The Banking Sector
[vc_row pix_particles_check=””][vc_column][vc_column_text]According to Javelin, businesses suffered almost $17 billion worth of losses due to identity fraud. This happened simply because of a lack of document verification using AI. Thus, it resulted in money laundering and tax evasion-like activities. The banking industry, in particular, handles a lot of sensitive data. The security of this data is extremely […]
How Does KlearStack AI Extracts Data Accurately from Line Items of Documents?
[vc_row pix_particles_check=””][vc_column][vc_column_text]Accurate data extraction from invoices, purchase orders, receipts, and other such documents is the need of the hour. Manual data entry is a highly time-consuming process and adds costs in terms of human resources requirements. High error rates are another issue with processing documents manually. And in case there is a peak business season, […]
Making use of Key-Value Extraction NLP at the workplace
[vc_row pix_particles_check=””][vc_column][vc_column_text]The ‘key’ refers to an attribute of a ‘value’ to which it corresponds. When you’re filling in a form that requires details like your name, email address, phone number, etc. your browser often fills it in for you. Have you ever noticed that? Here, the keys refer to the name or the address or […]