There are numerous practical applications of optical character recognition in various fields. Companies often applyOCR technology for information retrieval from invoices, receipts, forms, contracts, identity documents, scanned books and archived documents. So if you ask about OCR applications, the simplest answer would be that OCR helps wherever it is necessary to extract text from images or scanned documents and convert it to editable digital data. Character recognition technology can assist organizations in automating manual data entry and making documents searchable. OCR technology can be used by banks for processing forms and financial documents; in the healthcare sector, it can assist in digitization of documents. OCR technology can also be applied in retail and logistics for capturing information from invoices, labels and other documentation. By applying optical character recognition software, organizations can increase document accessibility, process information faster and eliminate tedious efforts of manual data entry.