In order to do this, first you need to download the desktop version of Microsoft OneNote (free download).
Note: This is aimed at Windows users, but may work on other platforms as well depending on OneNote’s support for the features on your platform.
After installing, press the following keyboard shortcuts:
Shift + Windows + S
Windows + N
Ctrl + V
Context Menu Key
Copy Text from Picture
This will copy the text from the picture into your clipboard so you can paste it into any application that accepts pasted text.
Be sure to double-check after you paste as this uses Optical Character Recognition (OCR) technology and for some typefaces, or from images that are blurry, it might not work as well.
This also works with photos, images downloaded from online, or even pictures taken with your mobile or digital camera.