Optical Character Recognition (OCR) and its subset, Intelligent Character Recognition (ICR), allow for machine-print and handwritten text in images to be recognized, extracted, and converted into a machine-readable format. Industries like banking and finance use OCR and ICR to extract data from financial documents like invoices and checks, while the healthcare industry uses this technology […]
As the holiday season warms up, many will begin sending gifts and letters to their colleagues. This is a simple process for small companies—you can walk a few steps and leave the correspondence on their desk—but when it comes to large enterprises with 1000+ employees, it gets complicated. While some may want to step out […]
The healthcare industry is under constant pressure to improve efficiency and cut costs. One area that has been receiving a lot of attention lately is revenue cycle management (RCM). RCM is the process of managing the financial aspects of patient care, including insurance billing and payments. The goal of RCM is to optimize the revenue […]
Data extraction software has increased in popularity over the past few years, helping companies become more efficient with their daily activities. Some industries use data extraction software when validating and verifying data while others use it to simplify complex processes. No matter the end goal, data extraction software can prevent the big mistakes that manual […]
It’s amazing how quickly things can change. Exactly a year ago mortgage rates were low and demand was high. It seemed like everyone was selling, buying, or refinancing a home. There’s no doubt that the summer of 2021 was hot for mortgage lenders, but everyone knows that the market must cool eventually. Recently, the Fed […]
When 30% of banking institutions face data quality problems and must comply with stringent regulations, streamlining workflows is a necessity. Find out more.
Handwriting recognition continues to offer interesting challenges to businesses and the scientific community. Recently, Sergey Polovinkin, a Computer Vision Engineer in the Ukraine at IDR, gave a tech talk to data scientists there about handwriting recognition. He shared some of the details with us.
Softline featured Parascript CEO Alexander Filatov as a special guest in their March Softline Direct Magazine in Russian. Here is the summary in English.
Recent benchmarking survey of BPOs reveals insights that illustrate the state of the industry and how businesses cope with rapidly changing market dynamics.
How deep learning offers one of the most promising frontiers of AI applied across many fields ranging from image recognition, data extraction to security.
A long overdue BPO Sales Model revolution is underway. New and converging technologies, a different brand of decision maker/buyer (including both technical and business influencers), and an ever-expanding number of customer options (e.g., in-house technology, hosted solutions, and subcontracting) have permanently altered the sales landscape. Add to this, the fact that Business Process Outsourcers face […]
