Digitizing Documents with Machine Learning (ML) and Artificial Intelligence (AI)
AI is still in its early stages, with limited application in document digitization. However, rapid advancements in ML and AI can potentially transform the traditional, often time-consuming documentation process. This blog highlights the benefits of using ML and AI for document digitization. Digital paperwork is increasingly seen as a resource-saving measure. A Xerox study revealed that nearly 46% of respondents feel they waste significant time due to excessive paperwork. Additionally, 50% of firms have either started using or are considering digital processing. Converting paper files to digital offers advantages such as time and effort savings, improved accessibility, retrieval, and increased security. Despite a growing shift towards digital methods, sectors like public administration and justice still heavily rely on paper due to traditional practices.
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