Everest Group defines Intelligent Document Processing (IDP) as a process that leverages a software product or solution to capture data from documents (e.g., emails, text, PDFs, and scanned documents), categorize it, and extract relevant data for further processing using AI technologies such as computer vision, Optical Character Recognition (OCR), Natural Language Processing (NLP), and machine/deep learning. The solution is typically non-invasive and can be integrated with internal applications, systems, and other automation platforms.
IDP products find a wide range of uses in different business functions and verticals. They are offered as either platforms that allow enterprises to deploy out-of-the-box solutions using pre-built modules or as custom solutions that help buyers classify and extract data from documents. IDP solutions help enterprises to not only achieve cost savings, but also improve workforce productivity and employee & customer experience. These products are rapidly becoming more sophisticated in their capabilities, features, and functionalities.
In this report, we feature detailed profiles of 18 leading IDP technology vendors’ offerings and capabilities, which will help existing and potential IDP buyers assess the vendors on the capabilities they desire.
Scope
This report covers the following IDP technology vendors: ABBYY, AntWorks, Automation Anywhere, BIS, Datamatics, EdgeVerve, Ephesoft, Evolution AI, HCL Technologies, Hyperscience, Ikarus, Infrrd, Kofax, OpenText, Parascript, Rossum, UST SmartOps, and WorkFusion.
Geography: global
Industry: IDP
Contents
This report provides key stakeholders a snapshot of 18 leading IDP technology vendors’ offerings and capabilities. It also allows technology vendors to compare their offerings, capabilities, and areas of strength & improvement with other vendors in the marketplace.
Each technology vendor profile includes the following details:
- Company overview
- Recent investments & announcements
- Market adoption & capability overview
- Client portfolio mix
- Partnerships
- Product overview
- Product features & functionalities and key enhancements
- Measure of capabilities across PEAK Matrix® dimensions
- Key strengths & areas of improvement
