Azure AI Document Intelligence (formerly Form Recognizer) is a cloud-based artificial intelligence service provided by Microsoft. It is designed to automate data extraction from various types of documents, including invoices, receipts, contracts, and forms. The service leverages prebuilt AI models and allows users to build custom models to identify and extract text, key-value pairs, tables, and other structured data. By converting unstructured and semi-structured documents into structured, usable data, it helps businesses streamline operations, enhance data accuracy, and reduce manual processing costs. Microsoft generates revenue from this service through a consumption-based, pay-as-you-go model, where customers are charged based on the volume of documents processed (e.g., number of pages), the type of model used (e.g., Read, Layout, Prebuilt, Custom), and potentially other factors like custom model training hours within the Azure cloud ecosystem.
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