In this section, we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, podcasts, reports and more.
What we cover in this week’s recap:
Everest Group publishes its IDP and Unstructured Document Processing Products PEAK Matrix® Assessment 2023 Global research firm Everest Group has released its Intelligent Document Processing (IDP) and Unstructured Document Processing Products PEAK Matrix® Assessment 2023. Due to market growth, Everest Group has published two evaluations this year, one overall (IDP) and one for unstructured document processing. The IDP vendors positioned are the following (in alphabetical order): ABBYY, Alkymi, AntWorks, Appian, Automation Anywhere, Automation Hero, AYR, BIS Grooper, celaton, codemantra, Datamatics, DocVu.AI, EdgeVerve, EXL, HCLTech, Hypatos, HyperScience, IBM, Indico Data, Infrrd, Infinia ML, JIFFY.ai, KnowledgeLake, Kofax, Laiye, Microsoft, Nividous, OpenBots, Parascript, qBotica, Ripcord, Rossum, Straive, UiPath, UST SmartOps, and WorkFusion. Probably making the biggest splash in the industry this year is UiPath, as it has been named an Intelligent Document Processing Leader for the first time and the only Star Performer in the Leaders category.
qBotica achieves Platinum Level Partner status with UiPath and is nominated for Inno Fire Awards IDP vendor qBotica has reached a milestone by achieving Platinum Level Partner status with UiPath. This gives qBotica exclusive access to UiPath resources and benefits, such as dedicated support, training and marketing opportunities. Platinum Level Partner status also enables qBotica to expand its capabilities in delivering intelligent automation solutions to customers across a variety of industries. In addition, qBotica announced that it has been nominated for the 2023 Inno Fire Awards by the Phoenix Business Journal. The Fire Awards recognize fast-growing, innovative startups and founders who are making significant contributions to Arizona’s economy.
Deep Analysis with new Vendor Vignettes, including IDP vendors Botminds AI and Hyperscience Analyst firm Deep Analysis has released four new Vendor Vignettes, their short vendor reports which focus on technology product innovations. With Botminds AI and Hyperscience, this latest series also takes a closer look at two Intelligent Document Processing vendors. Read the reports (accessible via a free login) to get an overview of each of the two IDP vendors, including the technology, Deep Analysis’ opinion and advice for buyers, as well as a SOAR (Strengths, Opportunities, Aspirations, and Results) analysis.
Automation Anywhere with no less than 3 announcements: an expanded partnership with Google Cloud, an even closer collaboration with AWS, and a first set of innovations AI-powered cloud automation platform Automation Anywhere has announced an expanded partnership with Google Cloud that combines the power of generative AI and intelligent automation to accelerate the adoption of AI and make it accessible to any business. In addition, Automation Anywhere has announced that it is working closely with AWS to bring intelligent automation and generative AI innovations to market. By leveraging Amazon SageMaker with Amazon Bedrock, Automation Anywhere will enable customers to immediately take advantage of its suite of advanced intelligent automation services. Mihir Shukla, CEO and Co-Founder of Automation Anywhere, explained: “Our vision has always been to make automation accessible to everyone, anywhere.” Last but not least, Automation Anywhere also announced three key innovations that safely and securely deploy generative AI in its Automation Success Platform to accelerate enterprise productivity and deliver on the company’s mission to help every business build a digital workforce.
Graip.AI launches its IDP solution on the SAP store IDP provider Graip.AI has announced the launch of its solution on the SAP Store. With this, users can now access Graip.AI’s ML models and get seamless document processing within the SAP ecosystem, leverage SAP’s robust business solutions together with Graip.AI to simplify the procurement process.
What marks the beginning of the 4th wave of IDP and what does this mean for the future? Read this article by Deep Analysis’ Dan Lucarini to learn how the recent adoption of generalized Large Language Models (LLMs) marked the beginning of the 4th wave of Intelligent Document Processing. He also shares what this could mean for the future of the market and emerging vendors.
How is AI improving the insurance industry? Watch this 14-minute show featuring insurance experts, including Bastiaan de Goei, Insurance Industry Leader at Instabase, and learn how AI technologies like Intelligent Document Processing are helping to improve the industry.
See you next week!
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