The function of NewOCR (optical character recognition) is to help recognize text within a scanned document or image file. it is a solution for automating data extraction from printed or written text and then converting the image to text (image to text google) to be used for data processing like editing or searching.
To turn the scanned image into text (image to text google), or copy text from pdf, NewOCR analyses the patterns of light and dark that make up the letters and numbers, then to help the system match what it sees in the picture to the right letters or numbers, our image reader system needs to recognize characters in various fonts.
there are many use cases of the OCR but it is almost used in banking and insurance industry. In the banking industry, the image reader allows the recognition of the handwritten text of the checks and validates all the extracted information, therefore the check is approved in real-time.
The NewOCR allows the automatic extraction of key information in insurance documents no matter what the language is thanks to the different versions of the OCR (Japanese OCR and Chinese OCR) which help them to gain time, reduce costs and provide better customer service.