Amazon Textract is a service that automatically extracts text and data from scanned documents. Amazon Textract goes beyond simple optical character recognition (OCR) to also identify the contents of fields in forms and information stored in tables.
Product | Market Share (%) |
---|---|
Amazon Textract | 4.7% |
ABBYY Vantage | 12.9% |
UiPath Document Understanding | 11.5% |
Other | 70.9% |
Many companies today extract data from documents and forms through manual data entry that’s slow and expensive or through simple optical character recognition (OCR) software that requires manual customization or configuration. Rules and workflows for each document and form often need to be hard-coded and updated with each change to the form or when dealing with multiple forms. If the form deviates from the rules, the output is often scrambled and unusable.
Amazon Textract overcomes these challenges by using machine learning to instantly “read” virtually any type of document to accurately extract text and data without the need for any manual effort or custom code. With Textract you can quickly automate document workflows, enabling you to process millions of document pages in hours. Once the information is captured, you can take action on it within your business applications to initiate next steps for a loan application or medical claims processing. Additionally, you can create smart search indexes, build automated approval workflows, and better maintain compliance with document archival rules by flagging data that may require redaction.
Author info | Rating | Review Summary |
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Deputy Manager at Deloitte | 4.0 | I've used Amazon Textract for years to digitize scanned and handwritten documents for ERP analytics. It's accurate, reduces manual work, and integrates well, though I wish it had an offline option for clients with poor internet connectivity. |
Machine Learning Engineer at a tech services company with 1,001-5,000 employees | 3.5 | I used Amazon Textract to extract structured data from dental claim documents; it performs well with key-value pairs and OCR, though complex tables and checkboxes need improvement. Overall, it reduces manual work and is easy to use. |
Software Engineer at Metatechno Lanka Company (Pvt.) Ltd. | 2.0 | I used Amazon Textract to read bank statements and receipts. It was straightforward and easy to use, but I had concerns about its accuracy, particularly with handwritten items and documents with pencil marks, where it often failed to deliver correct results. |