Amazon Textract

Another interesting NLP Amazon service is Textract. Essentially, Textract can extract information from documents, usually business documents such as tax forms, legal documents, medical forms, bank forms, patent registrations, and so forth. It is an optical character recognition (OCR) solution for scanning structured documents, suitable for robotic process automation (RPA). Textract is a relatively new service—previewed in November 2018 and generally available in May 2019.

The advantage of Textract is that it understands documents and can extract tables and/or key-value pairs suitable for downstream processing. A lot of business processes, such as health insurance processing, tax preparation, loan application processing, monitoring and evaluation of existing loans, compliance evaluation, and engineering evaluations take in these documents, usually processing them manually to extract information and then start digital processes. Using Amazon Textract, the manual...