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Data-Driven Companies Leverage OCR for Optimal Data Quality

Smart Data Collective

One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy. Optical Character Recognition, or OCR, is a technology for reading documents and extracting data. Optical Character Recognition, or OCR, is a technology for reading documents and extracting data. How does OCR work?

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Perplexing Impacts of AI on The Future Insurance Claims

Smart Data Collective

AI could streamline various aspects of this process, wiping out human error, unifying data presentation, and keeping up with changing regulations. Capturing data from documents. As AI can recognize written text using document capture technology, it’s far easier for insurers to swiftly manage high volumes of claim forms.

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Why Your Business Needs a Data Backup Strategy

Smart Data Collective

However, intruders’ ill intentions are not the primary reason businesses are robbed of their vital files and electronic documentation. Once again, thanks to a vast number of solutions presented today, it is easy to get lost in what is best for your firm. Where to Keep the Copies of Your Files?

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From Documentum to Document Management

Argon Digital

While not every business or agency has quite this level of document management overhead, dealing with paper forms and disorganized electronic documents costs time, money, risk, and employee burnout. From a metal cabinet to digital document management. In 1985 the first scanner was invented, and we’ve never looked back.

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Fintech App Development Discover the Benefits of Using AI

Smart Data Collective

Document digitization is one of the most time-consuming tasks that finance teams face. In addition to this, often the concept of a fintech application includes fast and automatic recognition for receipts, invoices, and other financial documents to enable accurate spending tracking, KYC/AML processes, reporting, and so on.

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Big Data Improves the Features of Debit and Credit Cards

Smart Data Collective

A credit card is a plastic or metal document issued to a person by a financial organization. We may get one from our bank and use it to make cashless payments. It’s called a “credit” card because the bank loans us money to use it to make purchases. Identification of the bank. Bank Contact Information.

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Investing in Data Solutions To Streamline Your Retail Business

Smart Data Collective

Devise a cash management process for your business and train your staff on this procedure to guarantee that all employees understand the rule for all matters involving cash handling, including making bank deposits and using a Point Of Sale system. This is where data analytics can be most useful.

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