DEEP READ to partner with ABBYY in handwriting ICR in Japan

EduLab, Inc. (Location: Minato-ku, Tokyo; President and CEO: Junichi Takamura; hereinafter referred to as “EduLab”) has announced that its Intelligent Character Recognition (hereinafter “ICR”) DEEP READ will be released in collaboration with ABBYY Japan Co. Ltd. (Headquarters: Yokohama City, Kanagawa Prefecture; Representative Director: Yo Ohara; hereinafter “ABBYY”), a pioneer in Intelligent Document Processing (hereinafter “IDP”) and a leading global company in IDP with offices in 16 locations worldwide.

Background to the initiative

With many companies and organizations across the globe driving rapid intelligent automation to reduce costs, optimize operations, and enhance the customer experience, IDP is fast expanding across industries, countries, and regions.

ABBYY had been using its unique structure recognition technology to digitize images of typed text of unstructured data such as invoices. However, the digitization of handwritten texts posed a challenge for many digital transformation (DX) and document processing projects.

DEEP READ has the capability to convert handwritten characters in a variety of formats into structured digital data, achieving the industry’s highest level of accuracy.

Overview of the Initiative

The combination of ABBYY’s FlexiCapture with EduLab’s ICR DEEP READ will enable the two companies to leverage each other’s technology to achieve highly accurate digitization of handwritten text. Like FlexiCapture, DEEP READ can be provided on-premise, enabling its use in a closed environment that guarantees a high level of security.

Through this strategic partnership, EduLab will continue to provide wide-ranging solutions for intelligent automation, regardless of industry, contributing to enhanced productivity and business efficiency.

■ About ABBYY

ABBYY is a leading global provider of OCR-related software. It has a local presence in 16 countries and provides services in over 200. ABBYY’s FlexiCapture is an intelligent platform that can recognize with high accuracy textual information in paper documents produced in a variety of formats and languages, and read and convert only the data required into data.

■ About DEEP READ

DEEP READ is an ICR (Intelligent Character Recognition) product that utilizes artificial intelligence (AI) based on deep learning to instantly digitize not only printed text, but also handwritten text. While conventional OCR (Optical Character Recognition) technology can digitize printed characters, recognition accuracy for handwritten characters was low. DEEP READ has made it possible to achieve a digitization accuracy rate of over 90%, the highest level in the industry. DEEP READ is being widely used in industries such as finance, health care, and education. DEEP READ is seamlessly integrated with various systems such as RPA, IDP or directly into ERP.

◆ About EduLab, Inc.

EduLab develops and invests in new businesses in education technology (EdTech), provides education-oriented IT solutions and platforms, supports next-generation education, and offers school management services. Through initiatives based on the latest learning science, it offers novel solutions for education. It promotes businesses through facilities located in Tokyo, Seattle, Boston, Singapore, Hong Kong, Beijing, Shanghai, Bangalore and Pune, among other cities.