Data Extraction

Many organizations still rely on manual data entry. Most of them don’t invest in setting up an automated data extraction pipeline because manual data entry is extremely cheap and requires almost zero expertise.

However, according to a 2018 Goldman Sachs report, the direct and indirect costs of manual data entry amount to around $2.7 trillion for global businesses.

Optical Character Recognition (OCR) is a technology that identifies characters from printed or handwritten material. By setting up a data extraction pipeline using OCR, organizations can automate the process of extracting and storing data. The core of an OCR has Feature Extractor and classifier.

Learn more about Data Extraction