OCR (OPTICAL CHARACTER RECOGNITION)
Create OCR (Optical Character Recognition) Software powered by AI
Integrate OCR into your custom software for accelerated data extraction and streamlined processes, unlocking efficiency and enhancing user experience
OCR or Optical Character Recognition is a process that translates text from an image into a format readable by machines. When you scan a document or receipt and save it as an image file, traditional text editing tools cannot be employed for tasks like editing, searching, or word counting. Nevertheless, OCR enables the conversion of the image into a text document, preserving the contents as text data.
Why use OCR? Some of the key advantages of OCR technology are the following:
OCR software enables businesses to streamline document workflows and digital processes, providing capabilities such as automated verification, reviews, editing, and analysis of hand-filled forms. This eliminates the need for manual document processing and accelerates data entry tasks. Additionally, the software facilitates quick database searches for specific terms, eliminating the manual sorting of files.
One of the key advantages of OCR is the ability to transform both existing and new documents into a searchable knowledge repository. Businesses can leverage data analytics software for automated knowledge processing, enhancing overall efficiency.
OCR seamlessly integrates with broader artificial intelligence solutions adopted by businesses. This includes tasks such as scanning and reading number plates and road signs in self-driving cars, detecting brand logos in social media posts, or identifying product packaging in advertising images. By incorporating OCR into their AI strategies, businesses can make informed marketing and operational decisions, leading to cost savings and an enhanced customer experience.
Here are some instances where OCR can be useful:
OCR is frequently used in finance to process and extract information from financial documents, such as loan application forms, invoices, receipts, and statements. This streamlines data entry, reduces manual errors, and accelerates transaction processing.
In healthcare, OCR is used for digitizing patient records, prescriptions, and medical forms. This not only enhances the accessibility of information but also supports the integration of electronic health records (EHRs) and facilitates efficient data management.
OCR plays a crucial role in logistics by automating the recognition of shipping labels, tracking numbers, and other relevant information on packages. This speeds up the sorting and routing of shipments, improving overall supply chain efficiency.
OCR technology is often used in retail for inventory management, automating the extraction of product information from invoices and packaging. In e-commerce, OCR helps in extracting data from scanned documents, enabling quick and accurate order processing.
Legal professionals can also use OCR in their workflows. They can use OCR to convert scanned legal documents, contracts, and court records into searchable and editable text. This facilitates efficient document review, information retrieval, and legal research.
Explore how your app can go from good to great with AI functionalities that create better user experiences
INQUIRE NOWBuild customer- or external-facing Web, iOS, and/or Android apps the way you want it built - fast, at fixed price, and you get to keep the source code!
With the speed at which your competition (including startups) are innovating, you need to get software built at lightning speeds. Xamun got you covere by letting you build from prototype to working software in as fast as A FEW HOURS!
With Xamun, you own the resulting source code. What does this mean? Your team has the freedom to update your custom software whichever way you want. Also, owning the source code lets you retain your competitive advantage because the IP is all yours.
Outsourcing custom software development is oftentimes limited to time-and-material contracts which may not work well with your existing budget management processes. With Xamun, we accommodate a fixed price project engagement for every version of your custom software.
Building custom software with OCR functionality streamlines processes, enhances efficiency by automating tasks, and creates searchable knowledge repositories. The integration of OCR ensures increased accuracy, minimizing errors in data entry and document processing. It also enables seamless incorporation into broader artificial intelligence solutions, enabling intelligent decision-making and cost reduction across industries.
OCR converts images or scanned documents into machine-readable text, automating tasks like data extraction and document processing. It enables computers to recognize and work with the text content, improving efficiency and usability in various applications.
OCR can be leveraged to build solutions and apps for automating document processing, enabling efficient data entry, and creating searchable knowledge databases. Applications range form verification and invoice processing, to enabling quick text searches within images or documents.
Yes, building custom software with OCR is often worth it, especially if your business involves frequent document processing and data extraction. The resulting efficiency gains and task automation can lead to significant operational improvements. Tailoring the software to your specific needs ensures a solution that aligns perfectly with your business goals.
It depends on what exactly it i what your want to build. Xamun has a cost estimator and other internal tools that will give you a much more accurate idea of how much it will cost you to build your custom insurance software.
If you have an existing Figma prototoype, building and deploying a bespoke solution with AI machine translation services with Xamun can take as fast as a few hours. If you’re coming in with a fresh idea, it can take only 4-6 weeks!
Not at all! As a service will take care of all the technical stuff, and you just need to make sure all your business processes are covered in what we will build for you. At some point, we will release a DIY platform and in that case, your own tech team can directly build your bespoke solution on their own.
Absolutely not! We will be very upfront on the total cost of build as soon as you sign off the Figma design for your custom insurance software which will also include a detailed scope of how the app would work. Unless you have additional features to build, that’s the final cost.
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