Congratulations to UiPath, Nividous, Infrrd, EdgeVerve, JIFFY.ai, KnowledgeLake and OpenBots on being recognized by Everest Group as Star Performers in recently unveiled Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023!
In this report, the research company studied 36 technology providers and positioned them on Everest Group’s IDP PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities and offerings. The research is meant to help buyers select the right-fit providers for their needs and enable providers to benchmark themselves against each other.
Now let’s figure out what it means to be a Star Performer in any type of Everest Group PEAK Matrix® Assessments. Everest Group confers the Star Performers title on providers that demonstrate the most improvement over time on the PEAK Matrix™. In order to assess advances in vision and capability, researchers evaluate each service provider’s performance across a number of parameters, including:
- Increase in scope of services offered
- Expansion of delivery footprint
- Technology/domain specific investments
In order to assess advances on market impact, Everest Group evaluates each service provider’s performance across a
number of parameters, including:
- Yearly ACV/YOY revenue growth
- # of new contract signings and extensions
- Value of new contract signings
- Improvement in portfolio mix
- Improvement in value delivered
Then the research firm identifies the service providers whose improvement ranks in the top quartile and award the Star Performer rating to those service providers with:
- The maximum number of top-quartile performance improvements across all of the above parameters
- At least one area of top-quartile improvement performance in both market success and capability advancement