In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Two Intelligent Document Processing providers strengthen their leadership teams: Datamatics appoints three independent non-executive Directors to its Board, and KnowledgeLake promotes its VP of Sales to CRO
Digital Technologies, Operations, and Customer Experiences provider Datamatics has announced three independent non-executive strategic Board appointments to drive the company’s growth and innovation: Kanika Mittal (effective since Septembe 22, 2024) brings over two decades of experience in digital, technology, retail, and consumer goods; Dr. Avnish Kshatriya (effective November 5, 2024) brings nearly three decades of diverse global experience as a Business Technologist and CXO Advisor working with more than 30 Fortune-500 clients across India, the US, the UK, and Europe across industry verticals; and last but not least, Himanshu Verma (effective November 5, 2024) brings more than three decades of executive and operational leadership experience to Datamatics. Rahul Kanodia, Vice Chairman and CEO of Datamatics, commented: “We are pleased to welcome Kanika Mittal, Dr. Avnish Kshatriya, and Himanshu Verma to our Board. Their diverse expertise and experience will play an important role in guiding our strategic direction and advancing our long-term growth initiatives.” Elsewhere, Intelligent Document Processing vendor KnowledgeLake has announced the promotion of Russell Malz from Vice President of Sales (the role he held for the past year) to Chief Revenue Officer (CRO). In this new position, Malz will lead global sales, strategic partnerships and customer success initiatives, and drive KnowledgeLake’s overall growth and market expansion. Ron Cameron, CEO of KnowledgeLake, commented: “Russ has been an indispensable force on our leadership team over the past year. His exceptional talent for transforming organizations and building top-performing teams has been a game-changer for us. As we expand our AI-driven automation capabilities and elevate our market presence, Russ’s expertise will be crucial in delivering unmatched value to our clients and partners.”
Tungsten Automation releases the latest version of TotalAgility
Intelligent workflow automation solutions provider Tungsten Automation has announced the release of TotalAgility 8.1, the latest version of its AI-powered workflow automation platform. Key features of TotalAgility 8.1 include optimization of intelligent process and AI agent creation, Copilot and generative AI enhancements. TotalAgility 8.1 also improves its IDP and data extraction capabilities and provides additional pre-trained extraction models for KYC (Know Your Customer) documents and logistics forms. Tom Coppock, Senior Product Management Director at Tungsten Automation commented: “TotalAgility’s ability to rapidly create intelligent processes and agents combining generative AI, RPA bots, integration connectors, and human-in-the-loop governance is a game-changer for businesses looking to automate complex workflows.From customer onboarding to digital mailrooms, TotalAgility 8.1 allows organizations to quickly configure and deploy AI-driven processes, helping them stay competitive in today’s fast-paced market.”
Nanonets joins forces with Credex Technology to expand presence across North America, EU and APAC
Intelligent Document Processing provider Nanonets has announced a strategic partnership with digital transformation consultancy Credex Technology. Under this partnership, the two companies will focus primarily on providing end-to-end consulting services for intelligent document processing implementation, delivering market-specific solutions that meet unique regional requirements and provide enhanced local support and expertise in North America, Europe and APAC markets. Sarthak Jain, CEO at Nanonets, commented: “This partnership with Credex Technology marks a significant expansion of our market presence and consulting capabilities. By combining our AI-powered document processing platform with Credex’s digital transformation expertise, we’re not just offering technology – we’re providing comprehensive business solutions that drive real value across markets.”
Klippa wins ‘One to Watch: Product’ at the 2024 Document Manager Awards and is recognized by Deloitte as one the 50 fastest-growing companies in the Netherlands
Intelligent Document Processing vendor Klippa has announced that it has won the 2024 ‘One to Watch’ DM Award for DocHorizon, its IDP platform. Jeroen Kant, CCO at Klippa, commented: “This recognition highlights the innovation and impact of our solution, and we couldn’t be prouder of the entire team behind it. It was even more special to celebrate this achievement with some of our amazing partners at last evening’s event. A huge thank you to everyone who contributed to making this possible — here’s to continued success together!” On top of that, Klippa announced that the company was recognized by Deloitte as one of the 50 fastest growing companies in the Netherlands for the third year in a row, this year with a growth rate of 585%.
Hyperscience announces availability of Hypercell for GenAI on Google Cloud Marketplace
Intelligent Document Processing vendor Hyperscience has announced that Hypercell for GenAI, its AI infrastructure platform that securely develops proprietary GenAI models to transform critical business processes, is now available on the Google Cloud Marketplace, which helps customers modernize their back office operations.
🎧Podcast:
Insights into the winners of this year’s Deep Analysis Innovation Awards
Watch this 33-minute podcast to get first-hand insights from industry analysts Dan Lucarini and Alan Pelz-Sharpe as they discuss the 5 winners of this year’s Deep Analysis Innovation Awards, including Intelligent Document Processing vendors Hyperscience, Rossum and UiPath.
Start with Why: A Practical Guide to AI Implementation in Information Management
Listen to this 30-minute podcast in which Tori Miller Liu, AIIM’s President & CEO, sits down with Sheila Woo, Senior Director of AI and Analytics at OpenText, to discuss practical steps to prepare unstructured data for GenAI, why data quality matters, and how Retrieval Augmented Generation (RAG) is transforming enterprise data interaction.
💡Opinion:
Future of Enterprise Automation: Harnessing Agentic AI and Intelligent Document Processing
Check out the latest opinion piece by Dr. Marlene Wolfgruber, Product Marketing Lead for AI at ABBYY, in which she explains how technologies such as agentic AI and IDP are redefining automation and how they enable companies to streamline operations, improve decision-making and increase productivity.
Using Intelligent Document Processing to Integrate and Standardize Production Workflows
“Fragmented workflows are a common problem for businesses that rely on multiple document processing systems,” says Ernie Crawford President/CEO and Founder of Crawford Technologies. Stay tuned for his opinion piece next week, in which he explains how Intelligent Document Processing is transforming workflow automation.
🎥Upcoming Webinar:
November 19, 2024, 4 pm CEST: Maximizing IDP Architecture: Leverage AI Services To Improve Automation
Which AI solutions should you choose to ensure efficiency today while staying adaptable for the future? And how do they fit in (or replace?) your current document processing framework? Register for this webinar hosted by Susanne Richter-Wills, VP of Partnerships EMEA at ScaleHub and with Alan Pelz-Sharpe, founder at Deep Analysis, as he will hare his experience and insights into selecting and integrating AI services for enterprise IDP applications.
📆Upcoming Events (in-person):
November 18-21, 2024: OpenText World 2024 in Las Vegas, US
Visit OpenText World 2024 in person in Las Vegas (or virtually), which will feature more than 100 sessions on how information management can transform organizations.
November 19-20, 2024: Intelligent Automation Leaders Summit in Atlanta, US
Register for Infocap’s Intelligent Automation Leadership Summit to experience a collegial atmosphere – with a robust spirit of debate. No formal preparation is required, beyond organizing ideas and confirming tech requirements. More than ever the room will be full of ‘doers’ steeped in software innovation.
November 21, 2024: Agentic AI + Decision Intelligence in Atlanta, US
This one-day seminar takes place the day after the Intelligent Automation Leaders Summit (see above) and is aimed at decision-makers, IT leaders, operations managers, and others involved in digital transformation or business process automation. Whether you are already implementing automation or just exploring the possibilities, this session will provide practical insights and actionable strategies to help you scale and succeed.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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