Our solution

Cognition developed a technology-driven solution to efficiently extract financial data from tables in PDF / image documents and upload it into the client’s database.

• The Cognition team utilized PDF parsing tools and optical character recognition (OCR) techniques based on AI and machine learning to extract maximum precision data from tables present in the given companies’ documents in various formats such as scanned images or PDF documents.
• The team then carried out the cleansing and data validation processes to ensure that the extracted data was accurate, comprehensive, and consistent. This includes the following:
  • Verifying the data collected by the tool for various financial metrics.
  • Addressing missing data and correcting inaccuracies or errors in the extracted data.
  • Identifying and deleting duplicate records to reduce redundancy.
  • Ensuring data format consistency for dates, numbers and text fields throughout all extracted data utilizing AI tools.

• The Cognition team eventually collaborated with the client to create a script that can interact with the client’s database API and automatically upload the finalized data to the database.