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I recently had a refreshing conversation with a bank VP (head of AI), he said yes, they do see 30-40% improvement in "some" processes, so overall maybe 0.5-1% improvement.

So I'm betting they got 30% gains in e.g. "OCRing" and quote that, ignoring that the OCR part is 1% of an entire process chain.



Does OCR refer here to “optical character recognition”?


Yes. Just using that as an example where "AI" (not the hyped up LLMs) has really helped.




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