Document Processing and Innovations in Intelligent Character Recognition (ICR) Over the Past Decade
With automation coming to the forefront of technology trends in 2023, document scanning technologies are rising in popularity. ICR and OCR technology removes the transmission process of physically searching documents, increasing efficiency and verism withal the way. How can these technologies streamline your business? Let’s find out.
What is ICR?
Intelligent weft recognition (ICR) allows users to scan and translate variegated styles of handwriting and fonts into searchable, indexable, readable text, which is then stored in a database. Due to ICR’s adaptive nature, the technology is a unconfined investment in any industry that manages and wants to digitize a plethora of consumer records, paperwork, handwritten notes in an well-judged and time efficient manner.
ICR vs. OCR
A predecessor of ICR, Optical Weft Recognition (OCR), moreover known as text recognition, scans images (or documents), identifies reports on the image, and strings them into words and sentences. The result is an image that can now be hands searched, edited and changed. OCR typically uses hardware like an optical scanner to read text, as well as software to handle document processing. By leveraging strained intelligence, one can use OCR for increasingly ramified use cases such as recognizing and processing variegated handwriting or font styles. The use of strained intelligence is what differentiates ‘intelligent’ weft recognition from optical weft recognition.
Several industries are raising ICR technology to digitize physical documents
Researchers estimate the ICR/OCR market to be valued tropical to $40 billion by 2030, largely in part due to a variety of industries raising this technology to automate workflows & uplift productivity. For instance, some uses of ICR are the following:
- Financial institutions leverage ICR to scan cheques, loan applications, and forms.
- Landlords can leverage ICR to verify e-rental agreements.
- Schools use ICR to review handwritten assignments.
ICR makes it user-friendly for healthcare professionals to wangle vital, well-judged patient information in a matter of minutes, which can make a huge difference in quality of care, expressly during medical emergencies. Leveraging ICR for your merchantry can moreover make it increasingly wieldy to all users. And finally, within the realm of insurance, ICR automates transmission document processing, saving employees hours, if not days of transmission work, while wearing lanugo the time taken to process medical claims.
Wisedocs reduces the time taken to process medical record requirement files by 70%
Wisedocs’ proprietary ICR processes over 750 pages worth of documents an hour to create fully searchable specimen files that are ready for review. Our strained intelligence not only recognizes and processes a variety of document types and handwriting styles, but moreover outfits every specimen file with our DocList, a clickable medical record alphabetize which makes navigating to the relevant medical records a breeze. We have not only made medical records processing easy and error-free for our clients, but have moreover saved them hours of transmission labor, and spare financing due to transmission error. Finally, Wisedocs is moreover HIPAA and PHIPA compliant, making it secure to upload and store medical records within North America.
Our industry leading, document processing platform has helped clients automate 90% of their workflows, expand their merchantry into new verticals, empower a remote workforce, and go 100% paperless. If interested in seeing if Wisedocs is right for you, get in touch.
Note: Thanks to the Wisedoc team for the thought leadership/ Educational vendible above. Wisedoc has supported this Content.
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