The global digital world of businesses is prominently increasing security measures as the world is advancing. Since digital platforms bring in multiple threats, frauds, scams, and financial crimes, countering them is also necessary. This is why regulatory authorities have imposed fines and sanctions on businesses that do not adhere to them. 

One technology that is assisting businesses to secure their data is the ICR app. Let’s look into details of how ICR technology helps businesses in data collection. 

What is an Intelligent Character Recognition App?

In simple words, ICR is a sub-category of optical character recognition technology. This is why, in order to understand ICR, we must understand the basics of OCR. 

OCR technology is a text recognition application that uses artificial intelligence to read text. It scans the documents and extracts the carefully written hand text or printed text. It then converts the extracted data into editable text by separating the white space from the text. The separation of text from white spaces is allowed by the algorithm of OCR technology. After the characters are recognized they are formed into groups and then into sentences. 

The combination of words and characters is carefully assigned metadata and correlated with the available font libraries. If in case the software is unable to recognize the fonts and distinguish between them such as the difference between “1” and “I” then it checks the characters nearby and applies the most relevant one. 

The main difference between ICR services and OCR is prominent is that OCR cannot read cursive handwritten text whereas ICR can successfully interpret cursive handwriting and converts it into editable text. 

ICR algorithms are designed in a way that the AI technology learns different types of fonts such as cursive handwriting or poorly written text such as doctors’ prescriptions and saves it for later recognition. This is why it is usually assumed that ICR technology is not yet fully developed and is in the developing stage. The more data it will receive the more efficient services it will provide to its customers. 

How Does ICR Reader Work?

The main reason for the investigation of ICR technology was previous technologies could not read handwritten texts that were poorly written or were cursive. Furthermore, the ICR app invention helped businesses automate their form processing for example bank account opening forms. 

When a customer shows their original verification documents such as an ID card, ICR recognition extracts the data such as name, age, etc. Whatever the information may be required, ICR successfully extracts them and fills out the form to help businesses. The character recognition software then automatically produces authenticated results. 

Use Cases Of ICR Technology

ICT technology can be used in many industries. All institutions and industries require fast and automated document processing. Manual data extraction is outdated and OCR technology can only read printed documents. The use of ICR has been beneficial for many business software such as automatic translation apps. 

Robotic process automation

ICR technology has been incorporated in robotic process automation where Optical Mark Recognition (OMR) is also used. 

Data entry

ICR technology is also adopted to assist in data entry for example banks require dozens of forms filled on a daily basis. 

Translation

There are multiple applications that are providing the translation of languages into English or vice versa. These prompt applications are beneficial for individuals in a foreign country to understand their signboards and restaurant menus. 

Scanning documents

Mobile and web applications make scanning documents as easy as they can through ICR services. Airports can scan passports and ID cards and extract the details of the passenger within seconds. 

Extracting patient data 

Doctors’ prescriptions are usually difficult to read and many hospitals are also automating their systems online. The centralized system can benefit from ICR recognition and can save the hospital’s data of multiple patients instantly. 
 

Conclusion of ICR Solutions

ICR algorithm is designed to improve the efficiency of OCR and provide additional benefits. The fonts and writing style can all be easily extracted through ICR technology. This is why whenever a new writing style is introduced, the ICR app learns it and saves the data for future use.

The capability of the ICR app to learn and process data makes it a much better technology than any technology invented yet having the same function.