Digital Transformation is a general term to describe moving a manual process to a digital (computerized) solution to increase efficiency and automation. This has obviously been going on for some time as this is the main benefit of software solutions in the first place.
Somewhere along the way the intelligence in capture technologies has been associated with what OCR engine the product uses…and this is not accurate. Intelligent capture is much more than OCR, it’s about discovering and verifying data in all types and formats of documents by using technology with the goal of minimizing the input from the user.
The need to gather and analyze information is ever increasing, and the reliance on analytics to help guide business strategy and decision-making places pressure on the veracity of information. Digital Transformation has enabled data, once locked in documents, to be made available to these platforms.