Numerous service apps and mobile applications for digital document management are already providing scan tools to digitize paper documents efficiently and swiftly. Now it's time to go one step further since data needs to be extracted, analyzed, and managed. This is where data extraction comes into play, which specifically filters out data from complex documents and makes it available for further processing. This eliminates the need to manually enter information from documents, such as passports or medical certificates, as this task is performed automatically.
Software for text recognition (OCR) is now an essential component in every automated workflow, as it enables the fully automated processing of scanned text documents. The problem here is that it works with all data in the document, including filler words, payment information, or explanatory texts. Data extraction describes analyzing unstructured or poorly structured documents and extracting only relevant information based on machine learning. This is mostly important for documents that contain individual formats such as tables or redundant data such as invoice numbers, dates, or totals. Data extraction collects the required information in such documents smoothly and efficiently and adds them to your system, where further processing can be performed immediately.
Data extraction is, therefore, a valuable, intelligent feature for digital document management. But a more interesting question is: "How can your company benefit from data extraction?". In the paragraphs below, we have collected some interesting examples of document capture use cases for you:
Our tool for data extraction is highly flexible. We can extract the following data, among others:
We've collected the most striking benefits for you:
By making use of data extraction, or SDK can extract information contained in ID documents of more than 150 countries by analyzing the machine-readable zone (MRZ) included in passports and ID cards. Furthermore, it can be used to process data contained in receipts or bank transfer forms
Since the scanned documents are processed and stored exclusively on the user's device, our SDK solution is compliant with data processing standards such as GDPR / DSGVO.
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