Proprietary Intelligent Character Recognition Solution
US document management vendor GRM has developed a proprietary intelligent character recognition (ICR) solution designed to help more efficiently transition physical and unstructured data to highly-leveragable, structured digital data.
GRM says it is acutely aware of the fact that an overwhelming percentage of most businesses' information remains in physical and unstructured formats. Remaining in those formats, the data is of limited value; as it is not easily accessed, shared, combined with other information or efficiently analysed. GRM's new solution extracts and classifies that data; providing invaluable insights on business operations.
In the digital age, one of the perennial challenges has been efficiently transitioning physical and unstructured data, at scale, into digital formats. The proprietary GRM ICR solution does that.
GRM CEO, Avner Schneur, says, "The GRM ICR solution supercharges efficiency on two fronts. One, the technology automates the previously manual process of turning unstructured data into structured data. And two, the resulting structured data is more easily shared, analysed and acted upon."
The GRM ICR Solution consists of three primary components. First, a Receiver Engine that recognises, captures and converts to digital. Second, the ICR Engine that extracts data and auto classifies it based upon previously defined parameters. And finally, the Content Management portion of the GRM platform that archives the resulting data and feeds it into the workflow automation components of the solution.
Beyond the core conversion and extraction processes, the ICR solution also brings quality control value to the data management process. In short, the GRM technology validates data in real time; identifying errors, inconsistencies and omissions and subsequently flagging them for attention rather than feeding them into the workflow process where they would be identified later, creating delays and incremental costs.