Document Data Extraction
The advances of ML powered OCR technology (Optical Character Recognition) mean that it is now possible to extract data from documents like ID cards, utility bills, receipts, invoices, contracts, policy documents and many more. This could make it easier to onboard new users, reduce wasted data entry time for enterprise systems or generate insights from large document stores. Setting up OCR for new documents is getting easier and faster with the advent of pre-trained AI services that have learned the format of many of the most common document types.
Idea: What additional valuable data could you collect if your users had an incentive to upload documents to your software? Competitor benchmarking turns into competitor intelligence