Form Recognition services for business
Updated: June 03, 2019
2019. Amazon launched AI OCR service - Textract
Amazon has launched a new service Textract for its Web Services customers, and it's like optical character recognition on steroids. It more than just extracts text from documents like its name implies - it can actually identify different document formats and their contents so it can process them properly. The product was designed to be able to recognize if it's taking text from tables and forms from documents, including scanned receipts, tax paperwork or inventories. It then generates structured data that doesn't need human input. Textract can process millions of pages in just a few hours, which can lower document processing costs. Plus, customers can use it even though they don't have previous machine learning experience.
2019. Microsoft launched cloud APIs for form and handwriting recognition
Microsoft introduced several new cognitive services on its Azure Machine Learning cloud platform. First, these are gifts for companies dealing with documents, forms and office notes with handwritten text. The Ink Recognizer and Form Recognizer services allow to transform all these paper documents into digital text and data. Conversation Transcription service - transforms phone dialogs into text with each phrase author recognition. Another new service Personalizer allows you to provide personalized recommendations for website or online store visitors basing on behavioral factors. In addition, Microsoft introduced a new visual interface to create machine learning models. Now even marketers can play with ML. You just need to load the database and specify which parameter you want to predict.