What is Generative AI OCR?

OCR stands for Optical Character Recognition. It is a technology that is used to make documents machine readable. Examples are handwritten documents. Advanced AI companies like Instabase use OCR as the first step in a digitization process that is then followed by other complex technologies based on Deep Learning to classify documents and extract specific fields from those documents. Generative AI stands for generative artificial intelligence and refers to the concept of AI automatically creating new things based on prompts. These could new images, sounds, texts and much more. Some people would consider Generative AI OCR to refer to the idea of making documents machine readable and then taking actions such as the generation of a new document like a contract. However, this understanding is incomplete as it misses important steps in between such as classification, extraction, and validation that advanced companies like Instabase offer.