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Effective URL: https://www.hfsresearch.com/research/hfs-horizons-intelligent-document-processing-products-2023/?utm_medium=email&_hsmi=2853...
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Effective URL: https://www.hfsresearch.com/research/hfs-horizons-intelligent-document-processing-products-2023/?utm_medium=email&_hsmi=2853...
Submission: On December 06 via api from ES — Scanned from ES
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Horizons Report
HFS HORIZONS: INTELLIGENT DOCUMENT PROCESSING PRODUCTS, 2023
November 7, 2023
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The HFS Horizons: Intelligent Document Processing Products, 2023 report examines
how intelligent document processing (IDP) technology vendors help clients
embrace IDP products to drive process transformation. The study evaluates the
capabilities of tech vendors across the HFS IDP products value chain.
Intelligent document processing is fast becoming a valuable accelerator in
digital transformation initiatives. Traditional document processing applied
basic optical character recognition (OCR) technologies for reading documents and
capturing data. However, with the latest developments in artificial intelligence
and machine learning, OCR alone is insufficient for the accuracy targeted by
straight-through processing. IDP is no longer seen as just a smart way to
extract data from documents; it is now expected to be an engine to unlock
insights from masses of data.
We assessed and rated the intelligent document processing services of 26 IDP
technology vendors across dimensions, addressing why, what, how, and so what.
This report includes detailed profiles of each technology vendor, outlining
their HFS Horizons placement, provider facts, and strength and development
opportunities across the three Horizons:
* Horizon 1: Vendors driving functional digital transformation by using IDP
solutions
* Horizon 2: Vendors exhibiting the HFS OneOffice™ mindset and demonstrating
enterprise-level outcomes
* Horizon 3: Vendors exhibiting HFS’ OneEcosystem™ approach, driving new
business models, and generating new sources of value for enterprises
HFS HORIZONS: INTELLIGENT DOCUMENT PROCESSING PRODUCTS, 2023
Note: All technology vendors within a Horizon are listed alphabetically.
Source: HFS Research, 2023
To read the rest of the research, click the download button below.
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AUTHORS
* HRIDIKA BISWAS SENIOR ANALYST
* DAVID CUSHMAN EXECUTIVE RESEARCH LEADER
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