Tag: intelligent document processing

Intelligent Document Processing (IDP), Banking-specific IDP, and Insurance-specific IDP Products PEAK Matrix® Assessments 2024

Intelligent Document Processing (IDP), Banking-specific IDP, and Insurance-specific IDP Products

Intelligent Document Processing (IDP) products continue to play a vital role in enterprises’ automation technology portfolios. IDP uses AI technologies such as Optical Character Recognition (OCR), computer vision, Natural Language Processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents. Advances in generative AI are driving providers to ramp up their IDP capabilities.

The banking and insurance industries have exhibited strong demand for specialized processing capabilities, driven by numerous document-intensive processes and their significant market presence within the overall IDP market. This demand is further propelled by the advanced capabilities, features, and functionalities offered by IDP products. Given the highly regulated nature of these industries, enterprises must collaborate with suitable IDP technology providers to successfully implement IDP.

Intelligent Document Processing 2024

What is in this PEAK Matrix® Report

In this report, we examine 26 leading technology providers and position them on Everest Group’s PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities, offerings, and limitations. This research will help buyers select the right-fit providers for their needs and enable providers to benchmark themselves against each other.
 

BankingIDP2024
What is in this PEAK Matrix® Report

In this report, we examine 10 leading IDP banking providers and position them on Everest Group’s PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities, offerings, and limitations. This research will help buyers select the right-fit providers for their needs and enable providers to benchmark themselves against each other.

InsuranceIDP2024 1

What is in this PEAK Matrix® Report

In this report, we examine  10 leading IDP insurance-specific providers and position them on Everest Group’s PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities, offerings, and limitations. This research will help buyers select the right-fit providers for their needs and enable providers to benchmark themselves against each other.

Contents: 

In this report, we:

  • Position top IDP technology providers and those specializing in banking and insurance-specific processes on Everest Group’s PEAK Matrix®, categorizing them as Leaders, Major Contenders, Aspirants, and Star Performers
  • Analyze the technology provider market’s competitive landscape
  • Discuss providers’ key strengths and limitations

Scope:

  • All industries and geographies
  • The report focuses on IDP solutions sold on license, regardless of any ongoing business or IT process outsourcing or managed services
  • The report includes leading technology providers in the overall IDP market and providers that focus on banking and insurance-specific IDP market
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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

Intelligent Document Processing (IDP) and Unstructured Document Processing Products PEAK Matrix® Assessment 2023

Intelligent Document Processing (IDP) and Unstructured Document Processing Products PEAK Matrix® Assessment

Intelligent Document Processing (IDP) products play a vital role in enterprises’ automation technologies portfolios. IDP leverages Artificial Intelligence (AI) technologies such as Optical Character Recognition (OCR), computer vision, Natural Language Processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents.

The demand for unstructured document processing solutions has been rising due to the increasing sophistication of IDP products in terms of their capabilities, features, and functionalities. To achieve success in implementing IDP, enterprises must partner with the appropriate IDP technology provider.

IDP PEAK

UDP PEAK

What is in this PEAK Matrix® Report

In this report, we assess 36 technology providers and position them on Everest Group’s IDP PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on their capabilities and offerings. Additionally, the report assesses 32 IDP providers and positions them on Everest Group’s Unstructured Document Processing PEAK Matrix®. The research will help buyers select the right-fit technology providers for their needs, while technology providers will be able to benchmark themselves against each other.

In this PEAK Matrix® report, we:

  • Position IDP and unstructured document processing technology providers on Everest Group’s PEAK Matrix, categorizing them as Leaders, Major Contenders, and Aspirants
  • Analyze the technology provider market’s competitive landscape
  • Highlight key IDP and unstructured document processing technology trends
  • Discuss providers’ key strengths and limitations

Scope:

  • All industries and geographies
  • The report focuses on IDP solutions sold on license, regardless of any ongoing business or IT process outsourcing or managed services
  • The report includes IDP providers that offer unstructured document processing solutions

DOWNLOAD THE INTELLIGENT DOCUMENT PROCESSING (IDP) AND UNSTRUCTURED DOCUMENT PROCESSING PRODUCTS PEAK MATRIX® ASSESSMENT 2023

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Intelligent Document Processing - Key Pricing Drivers
Market Insights™

Intelligent Document Processing: Key Pricing Drivers

Anil
Webinars

How Intelligent Document Processing Is Transforming the Healthcare Industry

Scope of Automation Technologies Adopted-Mature Enterprises vs. Others
Market Insights™

Scope of Automation Technologies Adopted-Mature Enterprises vs. Others

Drivers of Intelligent Document Processing Adoption
Market Insights™

Drivers of Intelligent Document Processing Adoption

What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

Smart Enterprise Automation: Easing Document Automation with AI-enabled Intelligent Document Processing | Webinar

Join Anil Vijayan, Vice President at Everest Group, in this webinar hosted by Datamatics to gain insights into intelligent document processing (IDP), key use cases, and adoption trends. He will discuss:

  • IDP as an approach to document processing and its key benefits
  • IDP adoption trends, best practices, and the outlook for future growth
  • The Datamatics TruCap+ IDP value proposition and differentiating features
  • Lessons from the ground – IDP customer success stories

When

Thursday, March 4, 2021, at 10 am CST, 11 am EST, 4 pm GMT, 9:30 pm IST

Where

Live, virtual event

Presenters

Anil Vijayan
Vice President
Everest Group

Register for the webinar

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