Optical Character Recognition: Digitizing The Insurance Industry
Document digitization has become more dominant with the emergence of virtualization, cloud computing, and mobile technologies. This trend is specifically noticeable across the insurance industry that has forever been dominated by the prevalence of paper documents. Insurance organizations have a never-ending chain of documents that flow in and across the organizations via a network of agents, channels, and systems. What is optical character recognition? Optical character recognition (OCR) deploys technologies to differentiate printed or handwritten text characters that are found in the digital images of physical documents like a scanned paper document. OCR processes examine the text of a document and translate the characters into codes that are further used for data processing. OCR is quite often also understood as text recognition. Insurance companies exist in an industry that frequently faces changing laws and new processes and face troubles in constantly providing their cl...