The most common use is for simple document scanning – converting printed text documents into editable and searchable text documents. Increasing use of optical character recognition (OCR) systems has been seen in the sector of retail, government, transport & logistics, healthcare, accounting, insurance, finance, IT & telecom, manufacturing, and others.
According to TMR, the optical character recognition market was valued at US$ 70 million in 2019 and had a volume of 15,457 thousand units. It is predicted to grow at a CAGR of 15% from 2020 to 2030.
In general, 300 dpi will be a good resolution for OCR accuracy. 400 dpi may be better for a very small print.
Records lifecycle is flexible and varies from organization to organization. In Docsvault, the phases of records lifecycle are: Create Records: Easily create different retention schedules for your electronic or physical records as per regulations. Retrieve Records: This can include processes such as filing and retrieval of information. You can instantly search for records by [...]
Records lifecycle in records management refer to the journey of documents and information from its creation to its disposal.
The best document management software is Docsvault, a robust all-in-one document management solution to manage your physical and digital documents. Its document management and records management tools help to ensure accountability for managing records and processes of document creation that are required to conduct the business of the organization.
Docsvault’s Records Management is built-in feature available in Docsvault Enterprise & Ultimate editions. The Auto Retention function in Docsvault's 'Records Retention' section entirely restructures the manual records retention schedule. Setting a retention strategy based on document metadata can assist companies to maintain and access records over lengthy periods of time.
The two major types of records are physical records and electronic records. Docsvault helps you manage the entire lifecycle of physical records including the circulation of records. You simply need to apply the retention policy for your digital and physical records and Docsvault will protect them from accidental and deliberate deletions. [...]
Records management is important because it ensures that important records are preserved and controlled throughout their lifecycle including compliance with set retention procedures. Using a document management system is the best way to guarantee records with historical, fiscal, risk management, and legal impact are accurately identified and preserved, and non-essential records are discarded as [...]
Any organization that deals with documents needs a secure document management to store, manage and track electronic documents and reduce paper use. Docsvault’s simple interface and high flexibility allow businesses of any type to effectively use document management software that takes care of evolving business needs. Docsvault is being used successfully across many industries [...]