Due to market growth, the analyst firm is publishing two evaluations this year; its Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2023 and also a Unstructured Document Processing Products PEAK Matrix® Assessment 2023.
Everest Group, a global research firm, has released its latest Intelligent Document Processing (IDP) and Unstructured Document Processing Products PEAK Matrix® Assessment 2023. Everest Group evaluated 36 and 32 technology providers, respectively, and positioned them on its IDP and Unstructured Document Processing PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers.
Everest Group uses its proprietary framework to assess the market impact and vision & capability of each provider:
Market Impact: Everest Group measures several subdimensions, including market adoption, portfolio mix, and value delivered, which then leads to an overall score on the market impact.
Vision & Capability: To ensure providers are able to successfully deliver Intelligent Document Processing and Unstructured Document Processing products, Everest Group identifies the vision and capability through several subdimensions. These include vision and strategy, document processing capability, monitoring and improvement, implementation and support, and commercial model. This then leads to an overall score on vision & capability.
Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2023 (in alphabetical order):
Leaders: ABBYY, Automation Anywhere, IBM, Indico Data, Kofax, Microsoft, UiPath, WorkFusion.
Major Contenders: Alkymi, AntWorks, Appian, Automation Hero, AYR, BIS Grooper, Datamatics, EdgeVerve, EXL, HCL Tech, Hypatos, Hyperscience, Infrrd, JIFFY.ai, KnowledgeLake, Laiye, Nividous, OpenBots, Parascript, qBotica, Rossum, UST SmartOps.
Aspirants: Celaton, codemantra, DocVu.AI, Infinia ML, Ripcord, Straive.
Star Performers: EdgeVerve, Infrrd, JIFFY.ai, KnowledgeLake, Nividous, OpenBots.
Unstructured Document Processing Products PEAK Matrix® Assessment 2023 (in alphabetical order):
Leaders: AYR, EdgeVerve, HCL Tech, Indico Data, WorkFusion.
Major Contenders: ABBYY, Alkymi, AntWorks, Appian, Automation Hero, BIS Grooper, codemantra, Datamatics, EXL, Hyperscience, IBM, Infrrd, JIFFY.ai, KnowledgeLake, Kofax, Laiye, Nividous, OpenBots, Parascript, qBotica, UiPath, UST SmartOps.
Aspirants: Celaton, DocVu.AI, Infinia ML, Ripcord, Straive.
Headquartered in Dallas, research firm Everest Group focuses on strategic IT, business services, engineering services, and sourcing. Its research also covers the technologies that power those processes and functions and the related talent trends and strategies. The PEAK Matrix® Reports are annual assessments of the respective technologies and services.
You can find the 2023 PEAK Matrix® assessment on IDP and Unstructured Document Processing here.
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