An enterprise-grade data extraction tool like Astera ReportMiner can be a cheap and efficient solution.

Manual extraction is inaccurate, expensive, and time-consuming. However, an alternate approach to this can be to outsource extraction. With manual data extraction, most of the time and effort of the resource is spent on preparing data rather than analyzing it. The cost incurred by an analyst in extracting and preparing unstructured data from PDF = $42,000.The average time spent by an analyst for data extraction from PDF documents, including data extraction, cleaning, and preparation per day = 70%.The average salary of an analyst = 60,000 USD per year ( US median wage).In that case, this is what the costs could be: Imagine you have a dedicated analyst onboard responsible for pulling data from unstructured PDF documents and analyzing it. Let’s break it down in numbers to help you understand the cost when you extract info from PDFs. Read How Ciena Corporation Used Astera ReportMiner to Digitize Purchase Order PDFs in 2 minutes Instead of Hours Making the Right Choice for Data Extraction: Cost vs. Even if you have multiple resources for data retrieval, without data extraction automation, it can take days or weeks to get actionable information by manual data entry. This process becomes difficult when a batch of hundreds of PDF documents is involved. It requires someone in the team to select the table and manually copy all the information in the PDF tables, leading to errors and long turnover times. The process of manually extracting data from PDFs is resource-intensive. It helps extract data from PDF files in an automated way. This is where PDF scraping comes to the rescue. This is because the data stored in PDF files is unstructured and can contain text and images.Įxtracting unstructured data becomes even more challenging when you have to do it manually for each PDF file. While PDFs are great for exchanging information, extracting insights from data in these files can be difficult and tedious. Some common business documents that are shared in PDF format in the supply chain, business administration, and procurement industries include:

PDF (Portable Document Format) is an industry standard and one of the most widely used formats for presenting and exchanging information.

Data extraction from pdf to excel