Efficiency Gains from AI-OCR-based Form Recognition Service
Numerous diff erent industries are drawing on advances in IT to improve operational
eff iciency through the use of digital solutions. This also extends to paper-based procedures where data entry and checking of paper forms have imposed heavy workloads.
Hitachi’s form recognition service utilizes AI to assess the accuracy with which a wide
variety of fixed- and free-format forms have been scanned and read, thereby enhancing operational eff iciency by providing a service platform on which its AI-OCR engine
can perform highly accurate text recognition. This article describes the reduction in the
amount of human work required for data entry in the processing of money transfers
at a financial institution, and also dark data analysis for extracting the hidden value in
business documents.
