Data entry is a tedious but important task, as far as any business is concerned. It also has its risks, as it is prone to errors. Though modern techniques have reduced the number of errors to a great extent, they are still happening. A proper mechanism to monitor data...
Erroneous Data Entry Caused Honda to Underreport Safety Issues
Though modern technology has reduced the incidence of errors in data entry, inadvertent mistakes can still occur and cause havoc. According to a Bloomberg news report, Japanese car maker Honda Motor Co. has been fined $70 million by the National Highway Traffic Safety...
Data Entry Errors in the Aviation Sector – Common Reasons
Data entry error, especially in the aviation sector may lead to potential serious safety issues. Various take-off accidents have occurred worldwide, due to errors made by the flight crew. Errors may happen due to different types of crew actions such as wrong figure...
Addressing the Challenges of Using OCR in the Mortgage Industry
Mortgage businesses produce a large volume of paper documents like loan applications, forms, and legal letters on a daily basis. Documents, especially those of a legal nature, need to be processed and managed for the whole life cycle of a loan. Paper documents...
Data Processing – Key to Successful Information Management
Data processing refers to the conversion of data into a logical format. It is one of the major challenges managed by data entry companies who specialize in this area. Turning vast collection of facts into meaningful nuggets of information is what happens during data...
Erroneous Data Entry – Examples that Affect Quality Data in the Energy Management Industry
Quality of data is a prime concern for many information-intensive businesses. Errors in data entry can have catastrophic effects and wreak total havoc as processed data has a direct impact in corporate decision-making and strategy-building processes. Errors can occur...
Ensuring Efficiency, Accuracy and Customer Satisfaction in Insurance Data Entry
Like other business entities, insurance companies also need to migrate from legacy systems to advanced information systems in keeping with the rising trend of customer self service and straight-through processing. However, this involves certain challenges that need to...
Real Time Data Entry to Improve the Transparency of T & E
Analyzing and processing data is important, as far as any business is concerned. As per the report of IDC (International Data Corporation), the total amount of information across the globe will reach 35,000 exabytes by 2020. Raw data involves the facts and figures...
Data Entry Error Puts FGCU on Top of U.S. News ‘Most Debt’ List
Accurate data entry is crucial for the success in data management. Erroneous data can result in wrong decisions and have unpredicted and serious consequences. Data entry errors can also affect the social status of an organization, as the recent incident involving...
How OCR Helped a Herbarium Disseminate Knowledge
Optical character recognition (OCR) is an often indispensable tool in data entry and transcription. This has been used by the Royal Botanic Garden Edinburgh (RBGE) for expanding its digital archive. The digitization drive is being carried out with great enthusiasm....