A review and how-to guide for Microsoft Form Recognizer
crosstab.io
crosstab.io
Imo there are some veeeeeery profitable business opportunities if this can be integrated into certain platforms for certain industries.
I was thinking about how to make something like thos. Looks like google, Amazon, and Microsoft all beat me to it lmao
Also, if you have a specific industry/application to target you should be able to achieve better results than these services at a lower operational cost. This is a very common business need with solutions dating back to the early PC days and it doesn't look like they've come up with some unique solution. They've just bundled some rather tedious to develop functionality into convenient frameworks and services and marked it up for their trouble... but there's still quite a bit of assembly required.
What's the use case for that, though? If the documents are highly homogeneous, why would I need a service--let alone an AI service--to extract the data? I could just specify the locations of the fields a priori on a 1040 (for example).
We expected Form Recognizer would reward the overhead of training and managing custom models with superior performance, but we were disappointed. In our testing, Form Recognizer's accuracy was poor and its response times were way too slow for synchronous use cases.
Ouch.Training on just 26 documents seems woefully inadequate. I'm not a data scientist and have only cursory exposure to ML, but I'm not surprised to see terrible results with such a small training set.
I'm skeptical it's possible to achieve good performance with an unsupervised model with only 500 pages, unless those documents are very similar. In which case, why would you need a service like Form Recognizer at all?
From a product perspective, it just makes no sense to me.