OCR
IDP

OCR Engine with Solid Analytics & ML Capabilities

Author
Sweety Bajaj
Updated On
June 14, 2017
Performance Limitations of Frameworks
Enhancement through Machine Learning
Importance of Advanced Capabilities in OCR
6 min
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In my past life, when I used to consult with companies that struggled with software performance challenges like apps that crashed, hanged, or slowed down to a crawl, I saw a consistent pattern in the kind of applications that ran into performance issues.

Most of them used a heavy mix of frameworks - codebases that were not developed by their team and were more or fewer black boxes. And almost every team had the same reason for using frameworks - they gave you a head start and gave you a fundamental approach for building a solution.

They gave everyone a good start.

But in my experience, frameworks have almost always failed to give a great finish, especially when it came to performance. Most of the teams would get to 60-70% of the solution very rapidly but the framework would bring them to their knees for fine-tuning that last 10% through customization or configuration.

"Well you can't do that in this framework" or "No, it does not work like that" has made several teams make compromises in design that eventually came back to hunt them as performance challenges.

Having spent a few years helping enterprises make sense of data and images, I have started spotting the same trend in solutions that are built using OCR engines - they give you a good start but fail to give you a good finish.

Anyone can get to a level of 60-70% accuracy when it comes to the quality of OCR extraction - but the nuances of the last 25-30% of data accuracy bring you down to your knees.

From my experience, the best OCR solution is usually not just an OCR solution but an OCR solution with solid analytics and machine learning capabilities added to it. These additions help you improve upon the shortcomings of the raw extraction. This can get rid of almost all manual interventions over time and offer pretty accurate extraction results.

Machine learning on top of OCR solutions works with one of the two training models based on the specific extraction case:

  • Domain-based extraction - This approach helps when you know beforehand what kind of data extraction you are after. Let’s say you were trying to extract features of wines from a set of wine ratings and notes that you have OCR-ed. Before you can do the feature extraction, you may consider running data modeling algorithms on a large collection of existing wine notes to figure out trends and topics. Once you build a learning model, you can then deploy it on top of OCR extracted data. This will not only help you extract features but also help in automatically fixing the OCR output - text that is read incorrectly by the OCR engine.
  • Data-based extraction - In case your extraction case is generic and you are unlikely to know in advance what kind of data you will need to extract, then the domain-based extraction does not work. The data could be an invoice or scanned page of a book. In this case, an unsupervised learning algorithm can be used to run through large volume of data. The system would need to use a number of signals such as a source of the data, words in OCR data, meta tags on the file, geographical location, etc. to first take the best guess of categorizing the data in one of many buckets per domain. Extraction models can then be built on top of each of these buckets to improve accuracy.

Whether it's a marathon run or building complex systems like OCR extraction, getting a good start is easy but it is getting a good finish that makes all the difference.

FAQs

How can IDP help audit QC?

IDP (Intelligent Document Processing) enhances audit QC by automatically extracting and analyzing data from loan files and documents, ensuring accuracy, compliance, and quality. It streamlines the review process, reduces errors, and ensures that all documentation meets regulatory standards and company policies, making audits more efficient and reliable.

Can IDP accurately extract data from low-quality or faded documents?

Yes, IDP uses advanced image processing techniques to enhance low-quality documents, improving data extraction accuracy even in challenging conditions.

How does IDP handle structured versus unstructured data with OCR?

IDP efficiently processes both structured and unstructured data, enabling businesses to extract relevant information from various document types seamlessly.

What advantages does IDP offer over standard OCR technologies?

IDP combines advanced AI algorithms with OCR to enhance accuracy, allowing for better understanding of document context and complex layouts.

How does IDP integrate with existing business systems?

IDP platforms can seamlessly integrate with ERP, CRM, and other enterprise systems, ensuring smooth data flow across departments.

How does IDP improve document accuracy?

IDP leverages AI-driven validation techniques to ensure that extracted data is accurate, reducing human errors and improving overall data quality.

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