Numerous different industries are drawing on advances in IT to improve operational efficiency 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 efficiency 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
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