Intelligent character recognition

Filing and archiving business documents should be one of the critical operational goals of an organization. Documenting the business records for future reference is advantageous as it provides greater visibility to the business operations.

Have you ever wondered what happens to your data you left behind when you apply for a bank loan? How trustworthy is the bank in keeping your private data safe?

To regulate and assure the data security, the European Union has established the General Data Protection Regulation (GDPR). This massive step of data privacy legislation guarantees the ownership of consumer data to the individual customer. This new regulation has a significant implication on the enterprises.

Paper documents and the process of searching for the information in it is beyond comprehension. Law firms are no exempt either -  they are also the largest consumer of paper documents. Court rulings, subpoenas, affidavits, and the list goes on.  

Banking is the cornerstone for the economic growth of a nation. Investment banks and commercial banks alike have numerous documentation processes that it is difficult to keep up with them all. And many of the business-related notations and various banking documents are in the non-editable, digital and paper formats. What do we do if we have to extract the information which is embedded in these documents or images? How to extract and process this information for effective decision making?