Optical Character Recognition (OCR) is a powerful technology that has great potential to revolutionize Asset Management practices. By using OCR technology, organizations can convert hand-written documents into machine-readable formats and eliminate the need for paper-based documentation. With the introduction of apps such as Google Lens, native mobile devices can now serve the same purpose as an OCR application. This is great news for organizations, eliminating loads of paper and making processes more efficient.
In various industries, such as manufacturing, logistics, and Life sciences, OCR can be used to automate the process of entering data from paper-based documents into the EAM application. For example, OCR can be used to enter data from Operator Logs, Airway bills, Invoices etc.
The native mobile applications, such EAM360 mobile app for Maximo, make it easy for technicians to scan meter readings using their device camera. This helps reduce paper wastage and makes the process simpler. A scanning icon is displayed on the meter reading card, allowing technicians to open their camera and scan the meter value.
OCR technology has been around for a while, but the use of a mobile camera as an OCR tool is likely to revolutionize the enterprise asset management market. Even iOS has recognized this potential and now provides native support for OCR capability.
The accuracy of OCR technology is also improving with the development of Machine Learning capabilities, allowing for the comparison of scanned values with the actual saved values for more reliable data entry.
With the ability to capture values quickly and accurately, OCR technology can help organizations optimize their Asset Management processes and achieve greater efficiency.
Author:
NAVYA R
QA Analyst
