Spend Matters welcomes this bedfellow column from Justin Holden, carnality admiral of sales, Yooz North America.
OCR: Addition one of those abstruse abracadabra that we’re audition a lot about these days. It’s of accurate absorption in fintech (another new boiler that stands for “financial technology”) and alike added accurately in accounts payable. But what is it? Added important, what isn’t it? And how does it accomplish a aberration in the accounts payable (AP) workflow?
OCR stands for optical appearance recognition. It is the automated or cyberbanking about-face of images of typed, printed or alike handwritten text, into machine-encoded text. The argument can appear from a scanned document, a photo of a document, a scene-photo (for archetype the argument on signs and billboards in a mural photo), or from explanation argument superimposed on an angel (like from a television broadcast).
It looks like this1:
Simply put, it’s a computer attractive at an angel or book and actuality able to analyze what is on it. And herein lies the better misconception. Abounding abash OCR with abstracts extraction.
So, what is OCR exactly? OCR is a technology that turns a account into words. The aing layer, acute abstracts extraction, understands and processes the argument from the OCR to transform it into accordant data. As abounding of you
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