“Captricity is making a value proposition that you can keep paper workflow, but still adopt a useful and helpful digital system.” What sets it apart? “Data accuracy. Most of the existing automated solutions out there that are optical character recognition based only get to 80% accuracy but you really need to be at 99%…[With Captricity] a mixture of human and machine intelligence get you there without having to manually recheck everything. Before, you couldn’t trust the results, and now you can.”
“A substantial amount of data by government organizations, for example, is still locked up in paper format. However, companies such as Captricity have developed innovative ways to turn massive amounts of paper-based data into digital form.”
“The process of converting paper forms into structured data still hasn’t been significantly disrupted by rapid growth of the Internet, distributed computing and mobile devices. Fields that range from research science to medicine to law to education to consumer finance to government all need better, cheaper bridges from the analog to the digital sphere.
“To maintain a customer’s privacy each document is “shredded” into various stacks of information…These snippets are encrypted during transfer and while the data is ‘at rest’ in Captricity’s database. Chen likens the process to creating a puzzle that can’t be solved. I’d say it’s more like making a puzzle, shipping the pieces via armored car, and storing the pieces in a bank vault.”
“Another data-improving business consists of moving the world’s older data online. Captricity aims to … put older handwritten documents into digital databases. The company’s early business is from government and charity sites in Africa and India, but there is no reason why it shouldn’t be valuable for most medical records. If someone took the trouble to write it down, the company figures, that is a good way to assume it is valuable data.”
Quentin Hardy, New York Times.com, June 4, 2012
“Dozens of new apps, gadgets, and online services are vying for your attention. Fewer are those that offer true innovations—or even just good solutions to common small business problems…[Captricity] is worth keeping on your radar.”
“Best Technology: Captricity… Turns a sea of paper forms into electronic data records.”
Rafe Needleman, CNET, March 9, 2012
“Let me start with the 3 startup business ideas I found to be brilliant. These will change industries….. Captricity is a hosted data entry web app and API for helping organizations that use paper forms quickly extract quality data into spreadsheets…. The applications are endless, from schools, to nonprofits, to civic organizations all the way to election data.”
Mario Schulzke, IdeaMensch, March 13, 2012
Watch highlights from the Launch conference, including Captricity’s award-winning session.
LAUNCH Blog, March 10, 2012