Intelligent Document Processing Using Amazon Textract
Experience the improved OCR and structured data extraction with Amazon Textract!
Optical character recognition (OCR) technology, which enables extracting text from an image, has been around since the mid-20th century, and continues to be a research topic today. OCR and document understanding are still vibrant areas of research because they are both valuable and hard problems to solve.
Amazon Textract is a machine learning service that makes it easy to extract text and data from virtually any document. One advantage of services like Textract is that customers benefit from continuous improvement over time.
Amazon Textract makes it easy to add document text detection and analysis to your applications. The Amazon Textract Text Detection API can detect text in a variety of documents including financial reports, medical records, and tax forms. For documents with structured data, you can use the Amazon Textract Document Analysis API to extract text, forms and tables.
What does this AWS Solutions Implementation do?
The Document Understanding Solution (DUS) delivers an easy-to-use web application that ingests and analyzes files, extracts text from documents, identifies structural data (tables, key value pairs), extracts critical information (entities), and creates smart search indexes from the data.
Leveraging Intelligent Document Processing Solutions with AxiomIO
Today, we at AxiomIO are pleased to announce one such quality enhancement to our table recognition feature. The new model detects rows and columns of large tables that span an entire page more accurately. Overall table detection and extraction of data/text within tables has also been improved which boost efficiency, and automate any business process.
“These Textract feature updates have resulted in a significant improvement in the Straight Through Processing (STP) of customer documents.”
One of our client approached Axiom IO to create a solution for extracting fund data from Financial documents (PDF,mail,sheets).
The Solution provided:
A web application built using AWS service was provided in which the application provided deeper insights on the fund’s information to the stakeholders. This was done through using various methods with tech stacks. The process included-
- We had built web application in which we stored OCR data in Amazon Document DB
- With the Amazon Textract we could extract the relevant datas from the financial documents
- For the analysis, we used the Amazon Redshift tech which is a fully managed petabyte-scale cloud-based data warehouse product designed for large scale data set storage and analysis.
How Textract has helped different categories of businesses over the years
Businesses across many industries, including financial, medical, legal, and real estate, process a large number of documents for different business operations.
Amazon Texract is a machine learning (ML) service that makes it easy to process documents at a large scale by automatically extracting text and data from virtually any type of document. For example, it can extract patient information from an insurance claim or values from a table in a scanned medical chart.
Amazon Textract makes it easy to add document text detection and analysis to your applications. The Amazon Textract Text Detection API can detect text in a variety of documents including financial reports, medical records, and tax forms.
Note– These solutions are just a skeletal solution which clearly shows how you can accelerate the innovation using cloud services without re-inventing the wheel. You need to add more security features to the architecture to make it a Minimal Viable Product.