Scanning and optical character recognition limit AI; beware these common problems
Artificial Intelligence (AI) won’t solve all your contracts management needs.
AI holds great promise for legal teams looking to modernize their work, but it requires a reliable data pool extracted from the organization’s contracts archive. For the AI to pull and use that data, the image-captured documents of legacy paper contracts must be converted to machine-readable formats through Optical Character Recognition (OCR) tools. However, there are a variety of recurring issues that lead OCR technologies to not deliver their promised accuracy rate, consequently impairing the AI software’s capabilities.
Find out the 10 most common issues that can limit OCR conversion and the success of your AI investments.