Strategic Business
& Growth Advisory
Services

Our strategic research and consulting deliverable are designed to provide
comprehensive information and strategic insights to our clients enabling
them to achieve business transformation goals.

Consulting

Subscription
Services

Content Strategy
Services

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Blog & insights

Podcast

TechTalk Series

Our strategic research and consulting deliverable are designed
to provide comprehensive information and strategic insights to
our clients enabling them to achieve business transformation goals.

Blog

The major technology disruptions to look for in 2022 & beyond

Our strategic research and consulting deliverable are designed to provide comprehensive information and strategic insights to our clients enabling them to achieve business transformation goals.

Podcast

TechTalk Series

Our strategic research and consulting deliverable are designed
to provide comprehensive information and strategic insights to
our clients enabling them to achieve business transformation goals.

Competitive Intelligence

Competitive Intelligence

Amazon’s Bezos to Face Unprecedented Protests During India Trip

Promise scholarships cover up to full college tuition for students who’ve attended New Haven Public Schools during some or all of their K-12 years, and the organization also provides scholarship recipients with advice, mentorship, career skill workshops, and connections to paid summer internships in New Haven — many of which are based at Yale.
Strategic Performance Assessment & Ranking

SPARK Matrix™: Intelligent Document Processing (IDP), 2022

SHARE

Share on facebook
Share on twitter
Share on linkedin
Share on email

Intelligent document processing (IDP) is a technique for automatically extracting useful information from documents received by the organization in a variety of formats, including structured, semi-structured, and unstructured documents. IDP uses different technologies such as Artificial Intelligence (AI), Machine Learning (ML), Optical Character Recognition (OCR), Computer Vision, Robotic Process Automation (RPA), Natural Language Technology (NLT), and Intelligent Character Recognition (ICR) to extract, interpret, and classify the relevant data from word files, emails, PDFs, scanned documents, and other formats for performing analysis and streamlining workflow automation.

Quadrant Knowledge Solutions’ IDP market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. This research provides strategic information for technology vendors to better understand the existing market and support their growth strategies, and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of the leading IDP vendors with a global impact including – ABBYY, Alkymi, AntWorks, Appian, Automation Anywhere, Celaton, Code mantra, Datamatics, Edge Verve System, Eigen Technology, Grooper (BIS), HCL Technologies, IBM, Indico Data, Infrrd, JIFFY.ai, Knowledge Lake, Kofax, Laiye, Microsoft, OpenBots, Parascript, Parashift, qBotica, Rossum, Stravie, UiPath, UST, and Work fusion.

According to Madhu Kittur, Analyst at Quadrant Knowledge Solutions, “An increase in the adoption of newer technologies is fuelling the growth of document automation, which enables organizations to save time by reducing manual work, operating, and investing more efficiently, improving customer experience, and mitigating risks caused by human error. Leading IDP platform vendors are focusing on ingesting multimodal fusion, provision of SaaS models, integration of machine teaching, built-in NLP, advanced image processing, bots for specific use cases, enhanced zero-shot technology, and so on. Additionally, the vendors are also planning to further enhance their proprietary IDP platform by gathering relevant training data sets, offering automated and continuous AI learning models, identifying and labeling features, and conducting exhaustive dry runs for testing and bettering the algorithm.”

2022 Intelligent Document Procession (IDP) SPARK Matrix

Source: Quadrant Knowledge Solutions

Table of Contents

Executive Overview

  • Key Research Findings

Market Overview and Technology Trends

Factors Influencing Technology Development and Market Growth

Market Adoption Trends

Competition Landscape and Analysis 

  • Competitive Overview and Analysis
  • Key Competitive Factors and Technology Differentiators

SPARK Matrix™: Digital Commerce Services

Vendor Profiles

Research Methodologies


Custom Research Service

Our custom research service is designed to meet the client’s specific requirements by providing a customized in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic for helping companies successfully address business challenges. Our team of experienced consultants can help you in achieving short-term and long-term business goals in the following ways:

  • Detailed understanding of the industry structure, market participants, and value chain mapping.
  • Business potential and opportunities of target markets, economies, and industries.
  • Strategic planning and tactical opportunities.
  • Go to market strategies.
Quadrant Solutions

Quadrant Solutions

Quadrant Solutions

Quadrant Solutions

Research Page Enquiry