Everybody is talking about the new technologies and their impact on our lives. The evolution of new terminologies and constant up-gradation of previously introduced technologies is changing the perspective of the whole era. The new toolkits being developed every day helps in most of the digital and other business processes of the world. The OCR technology is one of the best examples of those methods which are greatly impacting the day-to-day interaction of the world.
The OCR technology is utilized in almost every field of today’s world from educational institutions to security authorities. It is not a new concept but rather it was introduced back in the times when no one would have thought. It has gotten to a point where the security systems of the modern era will rely on it.
Modern-day security systems are consumers of the OCR technology up to a mark. It is a must-have tool for most security systems. It is used for the complete evaluation of the KYC document verification process. This blog will discuss all the aspects of OCR that are used in the identity verification of the user, but first, let us understand what OCR means.
What is OCR?
OCR or Optical Character Recognition is a technique of detecting and reading documents to extract the data from the documents. It is not as new technology as it sounds, the optical character recognition system was introduced back in the 1920s. It kept getting upgraded into a system that is used by most organizations in today’s world. The OCR system uses text recognition techniques of reading multiple documents or other textual data such as billboards, posters, and signs. The OCR technology holds a total of 14% of the total global market revenue with more advancements to come. It is predicted that the OCR systems will reach the heights of success in upcoming years with estimated market size of 12.6 billion by 2025.
The Optical Character Recognition Process
The OCR process uses multiple combinations of hardware and software technologies to analyze and process the documents of the users. The security authorities use the OCR for the online document verification phase of the identity verification process of their clients.
Getting Image Input From the User
The first step in the OCR solution is the acquisition of user documents in the form of digital readable files which are mostly images in many systems. The user scans their documents via a scanner and converts them into digital copies using OCR. The OCR system reads the images of the documents provided by the user.
Validation Process of the User Input
Most intelligent OCR systems of today perform validation checks on the documents of the users to verify their integrity. The cybersecurity authorities perform multiple validation checks on the uploaded documents with the help of OCR. The software checks for forgery or modification on the images of the documents before processing the document further.
Extracting Text From the Documents
The next step is the extraction of data from the document uploaded by the user. The system analyzes the complete document to check the data present within the file. The Optical Character Recognition system reads the data and extracts the required fields for further processing. Most identity verification systems process the name and age fields of the user as a part of the identity verification cycle.
Correction and Verification of Extracted Data
The OCR system then further processes the extracted data to refine the extraction results. It verifies the data by correcting the extracted fields of information in the right format after which the data is further processed for conversion.
Conversion into Machine-Readable Format
The last step of the character recognition cycle is the conversion of data into machine-readable form. The extracted data is converted into machine-readable text which can be processed and edited by the computer system. Most security systems do not allow editing of the data as it is used for the purpose of verification of the user.
With the advancements being made in the field of OCR systems, mobile phones are now also getting their firmware updated with optical character recognition. The scanning of documents and other forms of textual content is now made easier with the help of it. It also later helps in document verification. Industry top companies provide built-in OCR features in their smartphones to assist users in the easy image to text conversion for day-to-day tasks.
Wrapping It Up
Moreover, the OCR system is a compulsory tool for most sectors nowadays. It provides an efficient way to process images and converts them into text. Other than the day-to-day mobile phone users, other security authorities use OCR in their identity verification processes to verify the documents of the users. So It helps in preventing identity thefts and online fraud.