Three Approaches to Data Extraction

for ease of access, refer to the table below titled ‘OCR, ML OCR, IDP comparison’

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Feature
OCR
ML OCR
IDP
Text Extraction
Basic extraction of text
Advanced text extraction
Advanced text extraction
Accuracy
Moderate
High
High
Document Complexity
Limited to simple formats
Handles complex formats
Handles complex formats
Language Support
Limited
Broad
Broad
Layout Flexibility
Limited adaptability
Adaptive to various layouts
Adaptive to various layouts
Automation
Basic/manual processing
Automation capabilities
Advanced automation capabilities
Integration
Limited integration options
Seamless integration options
Seamless integration options
Cognitive Capabilities
N/A
Limited cognitive abilities
Advanced cognitive abilities
Additional Features
N/A
Intelligent insights
Additional AI-driven features

At Infrrd, we understand that your document processing needs are unique

That’s why we’re here to guide you towards the perfect solution that meets your goals.

Dig deeper with our comprehensive guide and make an informed decision.
1

ML OCR

Effortlessly extract text with unparalleled precision and lightning-fast speed. With ML OCR, you’ll streamline workflows, boost accuracy, and dominate the processing of diverse document types. From invoices to contracts, ML OCR’s cutting-edge machine learning algorithms adapt flawlessly to any layout, font, or language. Experience the transformativ e power of ML OCR and unlock a new era of accurate text extraction.

2

IDP

Unleash the full potential of document processing with the comprehensive power of IDP. Automate your end-to-end workflows seamlessly, from text extraction and classification to data validation and intelligent decision-making. Handle even the most complex document types with ease - whether it’s invoices, purchase orders, or compliance documents. Harness the combined strength of OCR, machine learning, and NLP to achieve unparalleled data accuracy, streamline processes, and propel your business to new heights with IDP.

Navigating the Landscape: Comparing ML OCR and IDP - Scalability, Functionality, and Manageability

Scalability

ML OCR

  • May have limitations in scalability as it primarily focuses on text extraction
  • May be suitable for businesses with moderate document processing needs and smaller document volumes
  • Scaling ML OCR to handle larger document volumes may require additional resources or infrastructure investment

IDP

  • IDP offers robust scalability to handle large volumes of documents and complex processing workflows
  • It is designed to accommodate growing business needs and can efficiently process increasing document volumes
  • IDP provides the flexibility to scale up or down based on the organization’s requirements, ensuring optimal performance and resource utilization

Verdict

Functionality

ML OCR

  • ML OCR specializes in accurate and efficient text extraction from various document types
  • It excels in its ability to handle diverse layouts, fonts, and languages, adapting to different document structures
  • Leverages advanced machine learning algorithms, continually improving accuracy over time

IDP

  • IDP extends beyond text extraction, offering a comprehensive set of functionalities
  • It includes features such as document classification, data validation, entity recognition, and intelligent decision-making
  • IDP enables end-to-end automation of document-based processes, providing a robust solution for complex workflows

Verdict

Manageability

ML OCR

  • ML OCR generally offers easier management and maintenance due to its narrower focus on text extraction
  • Implementation and configuration processes are typically simpler and more streamlined
  • ML OCR provides a user-friendly solution with a shorter learning curve, making it easier for users to adapt and operate

IDP

  • IDP may require more robust management due to its broader range of capabilities and integration with complex workflows
  • It offers advanced configuration options to tailor the solution to specific business needs
  • While IDP may have a slightly steeper learning curve, it provides extensive flexibility and customization capabilities to meet unique requirements

Verdict

Frequently asked questions

What does your pricing model look like?

We price based on the annual volume of pages and complexity of document type.  We can get you preliminary pricing once we outlined a solution.  Let's do this.

To know more, book a 15-min session with an IDP expert

How can I try Infrrd before I commit to a full deployment?

Sure.  The first step is to schedule a guided demo where you get to jump into the thick of it.  After you explore our solution you can try a proof of concept. When you're ready, you can deploy the system to one use case.  Then more use cases.  Then across your enterprise.

To know more, book a 15-min session with an IDP expert

How does your system integrate with others in my enterprise?

We play nice.  Our solutions are API-based.  Your documents are feed into the solution using APIs. And extracted data is sent out through APIs.  We use REST APIs.

To know more, book a 15-min session with an IDP expert

Does your solution run in the cloud or on premise?

Our solution is cloud-native but is also design for premise deployments.  Your choice on how you want to deploy it.

To know more, book a 15-min session with an IDP expert

Does Infrrd run on mobile or desktop device?

Glad you asked.  Our data extraction process runs on servers.  We have found performance and accuracy decline when running on a desktop or mobile device. (Remember Infrrd is running a powerful AI stack).

To know more, book a 15-min session with an IDP expert

Does your system work out of the box or does it require training?

Common documents and use cases work out of the box.  The cool thing is your solution will improve as the system learns from your documents upfront and over time.

To know more, book a 15-min session with an IDP expert

How does your solution handle corrections?

Did you know no system is 100% accurate all the time?  When extraction errors occur you want to correct them.  We provide a simple UI that your business analyst will use to make corrections.

To know more, book a 15-min session with an IDP expert

Does your solution work with handwriting?

Our solution excels at data extraction from handwriting.  We've got proprietary methods and techniques that do the trick.  It's pretty cool.  See for yourself.

To know more, book a 15-min session with an IDP expert

Ready to get started?

Request a live demo to witness ML OCR or IDP in action and witness the future of document processing