Intelligent Character Recognition systems can extract data from handwritten documentation. This is an upgraded version of OCR (that only extracts data from printed characters). ICR technology has the transformative power to generate high-quality output in real-time. The state-of-the-art technology has top-notch recognition power. With the passage of time, the reliability of software also increases.
Intelligent Character Recognition (ICR) software has the support of Artificial Neural Networks (ANNs) because of Artificial Intelligence (AI). The availability of more information means the latest software can easily process handwritten documents.
Intelligent Character Recognition – Understanding the Software
ICR technology is an updated form of Optical Character Recognition. OCR technology easily processes hand-printed characters. On the other hand, ICR services can deal with different styles & fonts of handwriting. In this way, the technology improves text recognition and accuracy rates.
Intelligent Word Recognition (IWR) – A Quick Overview of the System
The state-of-the-art technology not only identifies and captures printed & handwritten data but also from cursive handwriting. ICR technology recognizes data on the character level but IWR can process full phrases & words. The cutting-edge technology has the potential to process unstructured data and processes data carefully.
Intelligent Character Recognition (ICR) can process various handwriting styles & fonts with the support of AI-driven models. This approach guarantees self-learning with every new data entry. This means that whenever a model learns various document styles, the Intelligent Character Recognition (ICR) upgrades its data servers, which improves the predictive power of the software. With every new data entry, Artificial Neural Networks (ANNs) use all kinds of data to predict handwriting & fonts.
Procedure Behind the Intelligent Character Recognition Software
ICR systems can integrate into pre-existing technology that processes the input of handwritten documentation. The state-of-the-art technology scans the data from it and captures the desired information in real-time. The following points highlight the summary of Intelligent Character Recognition (ICR) technology in a bank setting:
- The system asks the end-user to display their ID before a web camera. Intelligent Character Recognition (ICR) software will scan the document and extract the desired data from the ID, such as full name, and Date of Birth (DoB).
- There are some cases when the user is required to upload a handwritten consent according to the instructions. In this way, the digital solution scans and extracts data from the form.
- After the completion of first two steps, the system verifies the data, which is then sent to the banking service providers.
The modernized data extraction process reduces the cost of companies and minimizes time wastage and inefficiency of the data entry process. In this way, it helps companies forgo hiring a professional. Experts can use the captured information in a mechanised data flow system that can support regarding predictive modeling to increase efficiency and optimization.
Top 6 Applications of Intelligent Character Recognition Services
Experts launched ICR software to automate data extraction procedures. The state-of-the-art process has three stages where the system captures and processes data from the given documents. Then the ICR engines extract the data. Then in the final stages, the digital solution validates the output in real-time.
The innovative digital solution attracted the attention of entrepreneurs from around the world. Nowadays, modern-day software use ICR solutions for auto-form filling. Previously, the identification & processing of unstructured data was cumbersome and time-consuming. Nonetheless, the latest digital solutions have the power to streamline data extraction from any kind of handwriting data. On an industrial level, intelligent character recognition has the following notable use cases:
- Robotics industry experts use ICR software in Robotic Process Automation (RPA) worldwide.
- In order to streamline business operations, experts use ICR in the applications of Optical Mark Recognition (OMR) processes.
- ICR software helps experts in providing data in a digital atmosphere.
- Experts can integrate intelligent character recognition software with an ID document verification solution for real-time identity validation. Banking service providers and other financial institutions use the latest technology to streamline the onboarding process.
- Intelligent Character Recognition (ICR) software can validate handwritten consent forms in real-time.
- ICR software can help companies forgo traditional data entry processes to increase productivity levels.
Final Thoughts
Implementing intelligent character recognition software depends on the business needs of a corporation. That being said, ICR solutions can ensure a competitive edge for organizations. In case a business has huge amounts of data to process on a daily basis, then the combination of ICR & OCR solutions can support companies in accomplishing their milestones. This is a progressive step that helps companies to forgo traditional procedures and opt for the latest digital solutions.
About The Author
Stephanie Braga
Hi, I am Stephanie Braga. A professional blogger and content community manager on this platform. I love to write and post content on different niche. Contact me, if you need any help related to digital marketing or content marketing.
