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Unveiling the Many Uses of The OCR: Text Extraction Technology

Unveiling the Many Uses of The OCR: Text Extraction Technology

by Cherie McCord

Firstly, make no mistake about it – the Optical Character Recognition (OCR) technology is causing waves in the tech industry – and for good reasons! Let’s delve into this intriguing field and explore some of these benefits at different levels.

Table of Contents

  • Enhanced Editability and Discoverability
  • Streamlined Auditing of Business Documents
  • On-The-Spot Text Translation
  • Time and Space-Efficient
  • Healthcare Sector Revolutionised

Enhanced Editability and Discoverability

When you extract text from a scanned document using the OCR API technology – also known as image to text converter – you can store the resulting text in various formats, such as PDF, doc, txt, and so much more. Consequently, it’s far easier to discover and access the required information.

Contrastingly, should the same data be stored in image form, it becomes a Herculean task tracing the needed information. OCR irons out this wrinkle, providing more straightforward searchability and effortless editability. Simply put, you can extract an image, save as an editable text file, and make changes as you like.

Once OCR aids you in extracting the text, a standard word processor can help you make modifications seamlessly.

Streamlined Auditing of Business Documents

Improve your auditing processes with the OCR. It makes comparing a physical business document with your digital records effortless. Just scan the physical document with an OCR software, and voila – you have a digital copy ready for comparison.

Businesses across the board can make good use of this technology for fish out inconsistencies in essential business documentation.

Older companies can leverage OCR tech to digitise documents and enhance their data storage processes. Provided that the documents have clear, legible texts, the OCR can detect the info and simplify the auditing process.

On-The-Spot Text Translation

Users can also employ OCR-based applications to translate texts into any supported languages. Students, tourists, and others can use this feature to translate texts into familiar languages, providing a significant step towards global open communication. As OCR technology becomes more widely recognised, this translation feature continues to redefine its perception.

Time and Space-Efficient

OCR technology takes the pain out of character recognition by automating the process. Can you imagine how long it would take to type out and digitise data from a document manually? Enter OCR, and all that stress and time is significantly reduced. Moreover, having this data stored on a hard drive lightens the physical storage space for keeping document copies.

Healthcare Sector Revolutionised

The healthcare industry’s documentation process once was quite cumbersome – paper files, slow retrieval, inevitable mix-ups, and more. OCR has improved this system by enabling digital document and record storage for more straightforward searchability. With this, healthcare centres can conveniently pull out the required information and provide more attentive patient care.

Presently, more healthcare institutions are migrating to digital document storage due to the ease OCR provides. The technology is spearheading the digitisation of paper-based archives into digital formats.

The impact of OCR Technology in different sectors is already profound and promises even more potentials. Tech giants are continuously investing in OCR tech, with apps like Google Lens by Google and Bixby Vision by Samsung being prime examples. Though there’s still room for advancement, the progressive trajectory suggests a promising future ahead for OCR technology.

Filed Under: Technology

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