Infrrd's OCR is used for scanning and extracting data from a wide range of documents. It allows the documents to be uploaded as text documents instead of images. Any kind of printed document, be it receipts, invoices, contracts, utility bills, licences, bank statements etc can be scanned easily and promptly with this solution. Infrrd OCR uses NLP instead of templates for recognizing entities in the document, and Machine learning for building an automatic context around the document being handled.
| Product | Market Share (%) |
|---|---|
| Infrrd OCR | 1.9% |
| ABBYY Vantage | 12.9% |
| UiPath Document Understanding | 11.5% |
| Other | 73.7% |
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