just moving data around. In addition to eating up workers’ time, manual data handling is prone to errors, which lead to revenue losses. A report by Dun & Bradstreet, investigating the past and future of data, revealed that one in five businesses lose money due to incomplete data.
So, how does OCR work? How can this technology help you achieve business goals? And should you contact anOCR definition OCR systems consist of hardware and software. The hardware part can be an optical scanner or a similar device that can convert paper documents to the digital format. The software part is the OCR algorithm itself.It is hard for computers to recognize characters because of the different fonts and variations on how one letter can be written. Handwritten letters complicate matters even further. Nevertheless, optical character recognition algorithms take on this challenge.
Using handwriting will significantly compromise the results. Also, it's important to understand that with poor training or unfamiliar texts the error rate can be. Hence, it's necessary for users to constantly monitor, proofread, and correct OCR algorithms’ output, especially when a new type of document enters the pipeline.