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KoiReader Technologies

KoiReader Technologies

Technology Area : Artificial intelligence, Big data, Data analysis, FinTech, IoT, Robotics, Software as a Service (SaaS), Supply chain and logistics

Checking and cross-referencing financial and declaration documentation is a labour-intensive process in the maritime industry. KoiReader has developed an innovative machine learning visual recognition system that extracts contextual data from documents (image and text) and enters it into legacy and ERP systems as actionable operational data. This improves the accuracy of filling up logistics data for regulatory clearance, brings down the cost of document processing from US $2.5 to less than few cents per page, and reduces operational risks such as those associated with mis-declaration of dangerous goods.