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Veryfi has introduced a Free tier for its optical character recognition (OCR) application programming interface (API) platform, which it uses to immediately convert documents into structured data using artificial intelligence (AI) technology.
Now that AI-driven OCR technologies are available, software firms wishing to convert unstructured documents into structured data may easily add them to their apps without paying any starting expenses. This enables a quicker time to market with more innovation and business agility.
Co-founder and CEO of Veryfi, “We can motivate engineers to overcome hard challenges and build wonderful things.” Developers can practice the “art of the feasible” with no functional restrictions thanks to the addition of a Free account tier.
Now, software developers can fully utilize Veryfi’s capabilities and include AI-driven OCR into their applications without fear of losing their work or encountering obstacles brought on by inaccessible features. Anyone can easily sign up online to move to the Starter plan whenever they are ready.
Unstructured data is the sort of data that is expanding the fastest, with a CAGR of 61%, and is predicted to make up 80% of all data worldwide by 2025. Many significant businesses have already achieved this 80% threshold. Veryfi makes it possible for businesses to precisely collect, extract, and transform documents like checks, credit cards, W-9 forms, invoices, and purchase orders into massive amounts of structured data by doing away with the need for manual data entry.
Developers do not have to worry about Orks, there are no feature restrictions, and a payment card is not needed to use their free account. The quantity of documents a developer can upload to her OCR API platform is the only restriction. He has 100 for the first 14 days and then 50 each month. It is simple to self-serve when you are ready and change to a Starter account plan.
In order to extract data and show it in 85 currencies and 39 languages, Veryfi uses cutting-edge AI/ML technology that has been educated through hundreds of millions of documents over the previous five years. This data includes merchants, total amounts, invoices, and other information. Convert to a format with over 110 predefined fields that is structured.