Technological advancement helps businesses in many ways but it has some drawbacks too. Where companies that are using this technology to streamline their business operations have also become vulnerable to various fraudulent activities. Considering the rise in cybercriminal activities, businesses are required to enhance their security control systems to protect their sensitive data.
Many companies have already integrated OCR software but the fact is it does not provide superior security, especially in the case of counterfeits. This necessitates advanced security controls like ICR technology. It tackles criminal activities with greater efficiency and makes the companies a safer place to carry out business activities for clients and other companies.
What is an ICR Engine?
ICR is basically an upgraded version of the OCR software that retrieves handwritten content from documents for identification purposes. OCR can only recognize printed text while ICR can retrieve data from handwritten content and in different fonts. ICR software is still advancing to meet the needs of companies. The data capturing technology facilitates different firms in converting their paper files into a digital format so that they could be easily accessed and enhance the processing of various documents. The handwritten recognition technology can extract data from organized and unorganized files.
How Do ICR Services Work?
Pattern matching and document indexing could be automated with ICR solutions. It recognizes the handwritten characters using predefined character sets such as lowercase characters, mixed characters, uppercase characters, punctuation characters, alphanumeric characters, etc. Once the process is done, the results are delivered in different formats like GIF, PDF, JPG, XML, HTML, etc.
Advantages of ICR
Using the ICR reader, OCR technology becomes much more effective as it can comprehend a wide range of font styles. OCR technology uses neural networks like artificial intelligence which actually enables it to gain knowledge from its experience. Whenever a piece of new information is supplied to the program via neural networks, it improves and updates its learning experience. Data is retrieved from organized as well as unorganized documents having cursive or digital handwriting using ICR technologies.
In the financial and medical sectors, a variety of forms are collected. ICR recognition solutions efficiently analyze clients’ information and improve business activities. Besides this, character recognition technology facilitates the reduction of errors that might occur while retrieving data from handwritten documents. In today’s tech-driven world, there is really no place for mistakes. With the latest character recognition software, processing huge volumes of data with reduced errors has become feasible.
ICR Services
No matter how big a project is, an ICR algorithm provides precise results, and that too in a short period. Modern ICR software can process papers with any form of handwriting as well as unrestricted handprints. ICR services can be used to retrieve data from the below-mentioned group of documents.
- Travel survey processing
- Directories
- Magazines and periodicals
- Market research form
- Bill remittance forms
- Medical forms
- Survey forms
- Insurance forms
ICR Applications
In the digital world, ICR is undoubtedly a great bet to upgrade business systems. Technology has a critical role in shaping the future of companies. Besides reducing human errors, intelligent character recognition improves many business activities which are as under:
- Invoice processing
- Client onboarding in financial firms
- Claim management as well as billing in the healthcare platform
- Receipt processing
- Document extraction of human resource
- Text extraction from various applications and forms
Final Thoughts
The market has a wide range of ICR software, and the firms should use it with OCR technology to deter criminal activities such as phishing attacks and counterfeiting. ICR technology is a great choice that enhances the effectiveness as well as handling client data and accessing if there are any risks. It helps enterprises input a large volume of data with minimal to no errors by priming them for error reduction. Despite the fact that ICR technology is more expensive than OCR technology, businesses must spend on these kinds of solutions and services to handle both organized as well as unorganized documents.
All the firms want is to generate correct results, which can be achieved by adopting scanner ICR. The technology uses both artificial intelligence as well as machine learning to produce better results. ICR software has become so advanced now that it is no longer confined to desktops; it now includes solutions both for handwritten and printed text recognition on cell phones as well. Thus, it’s time for all companies to upgrade their systems with ICR and enjoy the perks that it comes with.