AI Solution for Retail Information from Store Bills
Business Problem
Implementing an AI-based system to automate the extraction of information from retail store bills, reducing the time and errors associated with manual data entry, and providing valuable business insights.
Objectives
- Minimize Time for Text Extraction: Speed up the process of extracting text from store bills.
- Reduce Manual Effort: Automate the data entry process to minimize human intervention.
- Minimize Manual Effort: Ensure the solution significantly reduces the need for manual data entry.
Success Criteria
1. Business Success Criteria
Automate data entry.
Reduce errors.
Save time.
Increase efficiency by 80%.
2. ML Success Criteria
Achieve 95% accuracy in data entry.
Reduce processing time by 50%.
3. Economic Success Criteria
Reduce labor costs by 20%.
Increase productivity by 30%.
Key Features
- Automated Data Extraction: Utilize AI to automatically extract information from store bills.
- Error Reduction: High accuracy in data extraction to minimize errors.
- Efficiency Improvement: Streamline the data entry process to save time and increase productivity.
Benefits
- Improved Accuracy: High precision in extracting text from store bills.
- Time Savings: Significant reduction in the time required for data entry.
- Cost Efficiency: Reduced labor costs and increased productivity.