Machine Learning for business

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.