This RadarView addresses the need for enterprises to adopt intelligent document processing (IDP) platforms to digitize their paper-intensive workflows and gain actionable insights from unstructured data. It covers key trends shaping the market and top bets made by IDP platform providers.
The report features detailed RadarView profiles of the 16 platform providers, along with their solutions, offerings, and experience in assisting enterprises in their document processing journeys. It also demonstrates how providers are focusing on enhancing complex data extraction across multiple industries. Each profile provides an overview of the platform provider, their products and modules, and a list of clients and partnerships, along with brief client case studies. Each profile concludes with analyst insights on the provider’s product maturity, enterprise adaptability, and future readiness.
The IDP industry is moving towards more complex types of data extraction across multiple industries. Enterprises are focusing on increased levels of straight-through processing, which has led to the platform providers investing in advanced technologies such as artificial intelligence, machine learning, and natural language processing to reduce exceptions faced while extracting complicated objects such as logos, watermarks, and tables. These trends, and others, are covered in our Intelligent Document Processing Platforms 2022 RadarView.
The report highlights key market trends in the document processing space and Avasant’s viewpoint. It aids companies in identifying top platform providers to assist them in document processing by implementing IDP platforms. It also offers an analysis of each platform provider’s capabilities in technology and delivery support, thus enabling organizations to identify the right strategic partners for IDP.
This RadarView includes a detailed analysis of the following IDP platform providers: ABBYY, AntWorks, Automation Anywhere, Datamatics, EdgeVerve, EXL, HCL, Hyland, Hyperscience, Kofax, LTI, OpenText, Parascript, Sutherland, UiPath, and UST.
The industry insights and recommendations presented are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with platform providers, subject matter experts, and Avasant Fellows, along with lessons learned from consulting engagements.
Our evaluation of platform providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, and Avasant’s ongoing market interactions. The assessment is across the three dimensions of product maturity, enterprise adaptability, and future-readiness, leading to our recognition of those platform providers that have brought the most value to the market over the last 12 months.
About the report (Page 3)
Executive summary (Pages 4–7)
Lay of the land (Pages 8–17)
RadarView assessment (Pages 18–24)
Platform provider profiles (Pages 25–56)
Authors (Page 57)
Read the Research Byte based on this report.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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