3. Accuracy
OCR’s accuracy isn’t always the best. It focuses only on converting text, often without the context of the document's structure and meaning. So, it’s more likely to misinterpret things like unusual fonts, formatting errors, or mismatched data.
An example of how low accuracy can be with OCR tools
IDP tends to be more accurate because it does three things:
- Recognizes your document's structure
- Extracts data from the document using an OCR
- Understands the meaning and relationships between characters
As a result, it can correct potential errors, learn from new data, and improve its capabilities over time.
Ashok Leyland, one of India’s leading manufacturers, used artificial intelligence-based document processing tools to extract data from thousands of invoices daily. The company deals with errors in fewer than 0.5% of cases.
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