DATA SCIENCE INTELLIGENT CAPTURE What AccuracyNumbers ReallyMean READ RATE PAGE-LEVEL ACCURACY This is the data field-level Once the capture system locates a percent of ability to locate a data field, it successfully particular data field on a page. transcribes the information. FIELD-LEVEL ACCURACY CONFIDENCE THRESHOLD Some data is valued at a higher Calculate the percentage of fields level than other data so system located for each field and multiply accuracy is measured at the data that by the percentage of field level. transcription accuracy. READ RATE PAGE-LEVEL ACCURACY This is the data field-level percent of ability to This is the measurement of how many fields are accurately extract data whether using OCR read correctly at a page level. For instance, if a or other means. system reads 8 out of 10 fields on average for a single-page invoice, it has a page-level accuracy rate of 80%. For structured forms where there is good image quality,the percentage can be quite high, as high as a 95% to 99% read rate. CONFIDENCE THRESHOLD For variably-structured documents such as invoices, read rates are typically lower, This is the field-level setting that governs whether depending upon the system’s ability to apply data is accepted as accurate and sent straight the appropriate algorithm to locate any single through or sent for review / manual handling. The data field. ability to reliably set thresholds to achieve specific accuracy rates is the single largest factor in achieving any level of unattended automation. FIELD-LEVEL ACCURACY This is the measurement of read rate for each field. Since some data is more important than others, organizations often will prioritize performance for specific fields.