Transforming Document Recognition with Bunzz AI OCR
As the push for digital transformation intensifies, many companies are adopting Optical Character Recognition (OCR) technology to streamline their document handling processes. Despite the promise of this technology, Bunzz Pte. Ltd., a startup specializing in advanced tech solutions based in Singapore, has noticed widespread dissatisfaction with traditional OCR systems. The firm gathered feedback from multiple industries and revealed key issues that hindered operational efficiency.
The Problems with Conventional OCR
Bunzz conducted an extensive survey across ten different industries, documenting the frustrations businesses faced with existing OCR solutions. The core complaints include:
1.
Insufficient Recognition Accuracy: Many companies reported that even leading AI-powered OCR solutions struggled to meet the expected recognition accuracy, sometimes falling below 70%. This leads to increased manual revision work and greater operational costs.
2.
Poor Handwritten Text Recognition: Organizations indicated a lack of effective solutions for recognizing handwritten documents, particularly in vertical formats, where reliance on manual processing becomes necessary.
3.
Inadequate Adaptability to Diverse Formats: With over 10,000 different document formats requiring processing, companies found it cumbersome to manually configure OCR settings for various invoices and reports.
4.
Unreliable Data Output: Inconsistent data formats and common errors from existing RPA integrations created additional challenges for organizations trying to utilize extracted data efficiently.
Revolutionary Solutions by Bunzz AI OCR
Acknowledging these challenges, Bunzz developed
Bunzz AI OCR, employing innovative technologies to enhance document recognition capabilities:
- - Utilizing Advanced AI: Unlike traditional methods that rely solely on pattern matching, Bunzz AI OCR incorporates advanced generative AI models, such as ChatGPT and Claude, leveraging contextual understanding for improved accuracy, boasting an average recognition rate of 96%.
- - Enhanced Handwriting Recognition: By employing contextual inference, the system achieves over 90% accuracy even in recognizing vertically written handwritten text, overcoming significant limitations faced by conventional systems.
- - Flexibility in Document Formats: The AI recognizes diverse document structures autonomously, minimizing user intervention, and provides seamless processing of various enumerated formats without pre-configuration.
- - Intelligent Data Transformation: Featuring intelligent conversion capabilities, it standardizes output formats, enriches data, and substantially reduces errors in RPA integrations. Users can easily set transformation rules to fit their needs.
How Does It Work?
The Bunzz AI OCR operates through a unique integration of visual, linguistic, and structural information:
- - Visual Information: Analyzes the shape, position, and layout of characters within documents.
- - Linguistic Information: Utilizes context, specific industry terminology, and grammatical structure to infer meaning.
- - Structural Information: Understands relationships between the items in forms and their respective data types and formats.
This multi-faceted approach significantly enhances document accuracy, even hypothesizing missing characters based on context. For example, if a company name is partially obscured, the system can predict the full name by analyzing the surrounding context.
Free Trial Offer
From May 29 to June 13, Bunzz AI OCR is offering a free trial for interested companies, allowing them to experience its benefits firsthand. The trial, typically priced at ¥130,000, is available at no cost for a month, enabling the processing of up to 20 documents to validate accuracy in real-world applications.
- - Trial Duration: 1 month
- - Maximum Document Processing: 20 documents
- - Application Process: Interested businesses can apply through their official contact page.
Commentary from Bunzz Leaders
Bunzz President, Kenta Akatsuki, emphasizes the importance of evolving OCR technology to meet modern needs: “We recognized that traditional OCR technology had its limitations and new approaches are necessary. Bunzz AI OCR is engineered to transform user challenges into resolved solutions.” In line with this vision, bunzz’s business development chief, Kaoru Kimura, highlighted positive feedback after trials: “Clients express satisfaction with improvements in accuracy and ease of use, reclaiming workflows they thought could not be automated.”
About Bunzz Pte. Ltd.
Founded in 2021, Bunzz Pte. Ltd. is based in Singapore with a subsidiary in Tokyo, dedicated to supporting the integration of cutting-edge technologies like AI and blockchain to solve business challenges. With a capital of approximately ¥700 million and notable supporters including GMO and Daiwa Ventures, the firm is making significant strides in the industry.
Contact Us
For more details about Bunzz AI OCR or to apply for a trial, visit
their website.