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🔹For anyone who’s ever struggled to read somebody’s handwriting – or even their own – this may be of interest: Captricity, an Oakland-based provider of digital automation software, has claimed its AI can outperform humans in reading handwriting.
🔹The company is touting its Captricity READ product, where enterprises in various sectors including financial, healthcare and government, can use the system to convert the handwritten word into decision-ready data in a fraction of the usual time. Captricity adds that its AI offers 91% accuracy and can help organisations achieve straight-through processing (STP) from handwritten forms, bringing down manual effort by 80%.
🔹Captricity READ is fuelled by a deep neural network, which has been prepared using tens of millions of data points – represented ‘35 lifetimes’ of experience in reading, the company claims – curated from one billion text transcription tasks processed in the last five years. The company also claims to have the world’s greatest dataset for handwriting training, which helps enterprises deploying Captricity READ get results straight away.
🔹“Surpassing humans with machine reading is a watershed moment for digital automation,” said Kuang Chen, founder and CEO of Captricity. “Enterprises have struggled with automation technology due to extremely low accuracy in reading handwriting and poor quality images. Unlike any previous technology, Captricity READ is the missing link that drives intelligent automation enterprise-wide.”