How is the Taxonomy component used in the Document Understanding Template?

To define the document types and the pieces of information targeted for data extraction (fields) for each document type.

To assign predefined document categories based on content similarity, simplifying classification tasks for easier document organization.

To convert scanned documents into machine-readable formats, utilizing taxonomy rules to enhance digitized content accuracy.

To automatically extract structured data fields from documents, leveraging taxonomy mappings for precise data extraction.