Custom document parsing is the extraction of specific information from unstructured or semi-structured documents using customized rules or algorithms, typically accomplished by identifying relevant sections or data fields and extracting pertinent data, such as names, dates, and addresses, using techniques like OCR, machine learning algorithms, and natural language processing. This process is frequently used in the finance, legal, and healthcare industries to automate data entry, reduce errors, and increase efficiency.
Custom Document Parsing APIs are an expanding market that counts many providers offering those services, but their performance may vary from one provider to another depending on your images. They also have different costs and processing times: it is in your best interest to test a variation of them before choosing the right one.
By aggregating several Custom Doc Parser providers on a single API, Eden AI allows you to use different engines at the same time depending on the type of document you wish to analyse.