OCR helps create digital and editable copies of documents without hassle. This method has been gaining a lot of traction over the years.
Statistics show that by the year 2024, the market share of OCR among image recognition technologies is expected to reach 15% in China alone.
Keep reading as we answer frequently asked questions related to OCR and how it can benefit businesses.
What Is OCR?
OCR stands for Optical Character Recognition and is used to convert all kinds of written, printed, or typed documents into digital textual data.
An OCR scanner reads a hardcopy document and processes the text into an electronic format that is machine-readable and can be edited easily.
The first version of OCR was invented in the latter part of 1920, and several technological modifications and updates have followed since.
How Can OCR Technology Help Businesses?
By using OCR technology, businesses can save countless hours that would have otherwise been spent on manually typing and converting data into an editable and digital form.
OCR services can also lead to the elimination of manual data entry systems, which are inefficient and have a higher probability of errors. OCR technology can improve business productivity.
Storing document hard copies can be a huge problem for companies due to the lack of physical storage space. With OCR technology, data can be saved on drives or on the cloud and solve the issue of limited physical storage space.
How Does The Environment Benefit From OCR?
One of the biggest environmental benefits of OCR technology is that it eliminates the use of paper.
After all, once documents become outdated and irrelevant, papers end up in landfills and trash cans, further adding to the paper pollution.
With OCR services, paper usage can be reduced.
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OCR technology can be hard to master if you’re not an expert. It’s better to hire a reliable firm that offers OCR services.
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