Xtracta Blog

For companies faced with hundreds of documents to process, accurately extracting the data within meant a lot of time and effort, until automated data entry software changed the game forever. Unfortunately, many types of this software aren’t configured to handle many documents once. Either that, or their cost structures make it impossibly expensive to process more than a few documents a day. This is what separates Xtracta from other data entry software; our cost structures and processing capabilities make it easy to churn through large amounts of data efficiently. Discover how Xtracta can process many documents in a row, and…

A few decades ago, machine learning and artificial intelligence (AI) were terms seen mostly in science fiction, heralding a future that we could only marvel at. However, thanks to speedy advancements in technology, the neural networks of the 1950s have quickly shifted to the deep learning networks of the present day. Before we get into the nitty-gritty, it’s important to know that machine learning and artificial intelligence are not separate from each other. Machine learning is in fact a branch of artificial intelligence, facilitating the wide array of tasks the modern AI can accomplish. Whether it’s creating a self-driving car…

Whether it’s receipt scanner software or a full-service data extraction program, good data capture will always benefit from machine learning. With an adaptable approach to template creation and document types, data capture can change the way your business operates. Here at Xtracta, we believe in the power of learning software. That’s why we’ve developed our data capture software to give businesses a versatile, adaptable, and intelligent companion in the data collection process. So, why is data capture is made better by machine learning and how is it pushing the field forward as a whole? Find out below! What are the…

Running a business is all about managing your resources, both in terms of how much money you have and how many employees you need to get the work done. Despite this, many businesses still opt to leave data entry, processing, and other busywork to their employees when these tasks could be completed using automated data extraction. Corporate competition has never been more intense, and in an age of aggressive technological advancement, shockingly few companies are opting to automate their data entry processes. Beyond that, automation could be a key aspect of a business’ recovery strategy during the pandemic. Automation is…

Internet companies are under DDoS siege. Is the best defence a strong offense? Preface: While I appreciate what is proposed in this blog may be extreme and have flaws, it is just a proposed idea. Comments and critique are welcome. Why we need to take the offensive to all those who don't want to play their role in keeping one of humanity's biggest achievements from being destroyed. The internet and how it operates is something most people take for granted. As long as they can grab their phone out of their pocket or open their laptop, people's expectations are that…

Does your company receive invoices or other documents in several different languages? For companies that operate in multiple nations or continents, this is common and can lead to issues with document categorization and indexing. Not all OCR solutions offer natural language processing or the ability to capture and extract data from documents in different languages. If your company deals with documents in different languages, that is a problem.   Xtracta’s solutions use natural language processing (NLP) to evaluate and categorize documents, no matter what language they use. Over time, repeated exposure to a language helps Xtracta’s systems to better understand…