AI + OCR - A Key Ingredient To Digital

Countless human hours are required to manually extract the data into a machine-readable format. This process is known as ETL (extract, transform, and load). Insurers that can maximize their ETL capabilities have a powerful competitive advantage. Optical character recognition, also known as text recognition, converts text from scanned paper documents, photos, books, and PDF files into a machine-readable format, isn't new. What is new is coupling OCR with AI and machine-learning algorithms to reliably generate text that can be processed, indexed, and retrieved.