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Why dont they automate it? Image (text) recognition is a solved problem.
by frongpik 6y ago
Why dont they automate it? Image (text) recognition is a solved problem.
- junipertea 6y agoit is really not a solved problem
- frongpik 6y agoReading standard financial forms isn't a solved problem?
- lighthazard 6y agoWorked on bank to bank middleman software. There is no 'standard' form.
- frongpik 6y agoHow complicated are those forms? It sounds like GS would pay a lot for a software that converts 95% of the data into excel spreadsheets.
- thedudeabides5 6y agoTell me about it ...guy working on doing just that
- carlmr 6y agoAnd probably the big investment firms want to keep it that way, because they can exploit humans to do this work. While their smaller competition can't.
- No1 6y agoI thought the same thing when I was watching a friend do this work at 2 AM on a Friday night. Then I realized it doesn’t cost the investment bank a single penny to ask an analyst to spend his weekend doing cut and paste work, whereas automating the process would cost something.
- frongpik 6y agoThe analyst will still work till 3 am, but will do 3x more spreadsheets. For the same pay.