Home UiPath, Nividous, Infrrd, EdgeVerve, JIFFY.ai, KnowledgeLake and OpenBots named Star Performers in Everest Group Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023

UiPath, Nividous, Infrrd, EdgeVerve, JIFFY.ai, KnowledgeLake and OpenBots named Star Performers in Everest Group Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023

by Ant Sh
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UiPath, Nividous, Infrrd, EdgeVerve, JIFFY.ai, KnowledgeLake and OpenBots named Star Performers in Everest Group Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023

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:

  • Innovation
  • 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
    AND
  • At least one area of top-quartile improvement performance in both market success and capability advancement