Meaning ● AI-Powered OCR, in the sphere of SMBs, represents the augmentation of Optical Character Recognition technology with Artificial Intelligence to enhance document processing accuracy and efficiency. Specifically, this empowers businesses to convert various types of documents, like invoices or contracts, into machine-readable data with greater precision than traditional OCR. Consequently, its implementation reduces manual data entry, lowers operational costs, and facilitates automated workflows critical for growth. The value proposition for SMBs lies in the ability to extract insights from unstructured data sources and gain competitive advantage. The intelligent systems leverage machine learning to learn patterns, improving recognition rates over time.
