OCR can extract text from image-based PDF files or other documents. Instead of typing everything out, it reads the text in the images and turns it into editable and searchable text. This is super useful when you have scanned files and need to edit it, it saves a lot of time and effort.
ocr a used in many different things
no
OCR can stand for a lot of things that can be used in economics. My best pick isofficial cash rate (OCR). This term is used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans to commercial banks.
Optical Character Recognition (OCR) is used in a variety of situations. Businesses that receive a large quantity of mail that needs to be input to a computer, then archived (such as a bank or building society) - use OCR to scan incoming mail. This saves the time and man-hours that a human would take to manually input the data. Another use - would be to read a book to a blind person.
In researching your answer I found that OCR software is used to extract text from faxed or scanned documents and pull them into Word or Excel documents.
OCR (Optical Character Recognition) uses machine learning algorithms, image processing, and pattern recognition to convert scanned or photographed text into editable digital text.
A device that reads OCR.
OCR (optical character recognition) is often used for lenghty documents where retyping is not an option, such as a book or long legal document. OCR has improved over the years but is not perfect so you will need to proof whatever you scan.
OCR-B was created in 1968.
OCR-A font was created in 1968.
No. OCR is used to scan text. MICR scans magnetic ink. A bar-code scanner is a different kind of scanner.
Official cash rate