Last week, Everest Group’s new global IDP market report “Everest Group IDP Products PEAK Matrix Assessment 2022” positioned Automation Anywhere, Kofax, WorkFusion, and ABBYY as Leaders, based on an in-depth evaluation of diverse criteria assessing Vision, Capability, and Market Impact. Let’s learn about the report in more detail.
Intelligent Document Processing (IDP) is essential to making end-to-end automation possible. IDP solutions help enterprises achieve cost savings while improving their workforce productivity and employee and customer experience. These products are also rapidly evolving in the sophistication of their capabilities, features, and functionalities. To achieve success, it is critical to select the right enterprise-grade IDP technology partner.
In the report mentioned above, Everest Group categorized 36 leading technology vendors into Leaders, Major Contenders, Aspirants, and Star Performers. The research will help buyers select the right-fit technology vendor for their needs, while technology vendors will be able to benchmark themselves against each other.
As for Leaders, WorkFusion and ABBYY have been recognized as Leaders for the fourth consecutive year. ABBYY is positioned high for its vision & capability and market impact with ABBYY Vantage, the industry’s only low-code/no-code IDP platform that integrates easily into any intelligent automation platform. WorkFusion states that its designation as a Leader reflects the value of WorkFusion’s recently launched Digital Workforce and the powerful capabilities they are delivering to their customers.
In turn, Automation Anywhere claims it has been recognized for IQ Bot, the leading cloud-native IDP solution combining the power of RPA with AI technologies such as Computer Vision, Natural Language Processing (NLP), fuzzy logic, and machine learning (ML) to advance worker productivity by automatically extracting data from complex documents in a wide variety of formats.
The full report is available to buy here.