Company
Date Published
Dec. 20, 2024
Author
Haziqa Sajid
Word count
2308
Language
English
Hacker News points
None

Summary

The technology converts text from scanned documents or images into machine-readable and editable formats, analyzing character patterns to transform them into editable text. It optimizes operations in multiple industries by boosting productivity, reducing manual labor, and supporting digital transformation. The benefits of OCR include better searchability, faster data extraction and analysis, cost savings, high conversion accuracy and precision, legal and regulatory compliance, scalability, and integrability with AI systems. However, OCR faces challenges such as accuracy, language diversity, document structure, computational resources, and data security and privacy issues. Encord is an end-to-end AI-based data curation platform that offers advanced OCR features to analyze complex image-based PDFs instantly, providing a solution for building intelligent extraction pipelines and supporting natural language processing frameworks.