Abstract
By a News Reporter-Staff News Editor at Robotics & Machine Learning Daily News Daily News – A patent by the inventors Chen, Yan (Montville, NV, US), Murthy Malladi, Dakshina (Telangana, IN), Srivastava, Agrima (Jersey City, NJ, US), filed on May 13, 2020, was published online on February 13, 2024, according to news reporting originating from Alexandria, Virginia, by NewsRx correspondents. Patent number 11900272 is assigned to Factset Research System Inc. (New York, New York, United States). The following quote was obtained by the news editors from the background information supplied by the inventors: “Optical character recognition (“OCR”) is the electronic conversion of images of typed, handwritten or printed text into machine-encoded text, whether from a scanned document or a photo of a document. Using OCR technology, one can scan older documents and create a digital record of these documents. These digital records can include machine-encoded text which can be accessible by computer programs. “Machine learning uses statistical techniques for teaching computers with data to perform specific tasks without being explicitly programmed to do so. The goal of machine learning is to construct algorithms that can learn from and make predictions on data. These algorithms work by creating mathematical models which can classify data. The process of creating the models can involve training and fine tuning the model parameters using input data.”
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