AI GLOSSARY CATEGORY: O

What is optical character recognition (OCR)? Optical character recognition (OCR) defines the process of electronically or mechanically converting scanned images of typed, handwritten, or printed text into machine-encoded text. It is the process of converting analog data into digital data.   What are the benefits of OCR? Higher productivity: Helps businesses facilitate quicker data retrieval […]

What is overfitting? Overfitting refers to a model that models the training data too well. It happens when a model learns the noise and detail in the training data to such an extent that it negatively impacts the model’s performance on new data. The noise or random fluctuations in the training data are picked up […]

What is OLAP? OLAP (Online Analytical Processing) is a technology used for data analysis from multiple databases or sources including data captured by OLTP applications. OLAP uses complex queries involving aggregations to analyze data to support decision-making.   What is the importance of OLAP? OLAP offers centralized access and view of all captured data to […]

What is OLTP? OLTP (Online Transactional Processing) is a type of real-time data processing meant for transaction-related tasks such as financial transactions, retail orders, and CRM (Customer Relationship Management) entries. It is used for modifying data transactions in real-time such as inserting, updating, or deleting data in a database.   What is the importance of […]