How Amazon Textract helped Fyle boost data extraction accuracy

09/11/2022

Listen "How Amazon Textract helped Fyle boost data extraction accuracy"

Episode Synopsis

Originally, Fyle's Data-Extractor service relied on an external service provider for optical character recognition (OCR) and Fyle’s internal machine learning algorithm to detect amount, category, date, currency, and vendor information. Unfortunately, they were receiving some feedback from customers that their tool wasn’t very accurate. As you can imagine, this isn’t the best place to be, so they rewrote their Data-Extractor service to use Amazon Textract because of its intuitive web console for APIs, which allowed them to test APIs in real-time with personalized input. This let them quickly try out an Amazon Textract API, which helped them achieve their goal of turning around a solution in two months. After implementing their new solution, Fyle saw 51.7% improvement in accuracy for the Data-Extractor service.

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