Top Performer of EvalGroup’s 2024 PEAK Matrix Analysis - ABBYY Leads the Way

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6th Year in a Row: Everest Group Names ABBYY a Leader in its Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment

ABBYY has once again been recognized as a Leader in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024.

ABBYY is positioned high for its strength in Vision & Capability and Market Impact with ABBYY Vantage, the industry’s only low-code/no-code IDP platform that integrates into any intelligent automation platform. Vantage offers organizations the capabilities to process structured and unstructured documents using pre-built AI models offered in the ABBYY Marketplace that are ready to use within minutes, with a high degree of accuracy.

Organizations worldwide rely on Everest Group’s IDP PEAK Matrix® Assessment to find the best IDP solutions that leverage AI, cognitive capabilities, and generative AI to extract the most value and meaning from the data contained within business documents. Leaders in the assessment are marked by their continual investment and innovation in IDP capabilities, including expansion of pre-built models and OOTB packaged solutions, especially for industry-specific use cases and document types.

“ABBYY has reinforced its position as a Leader in Everest Group’s Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2024. To enhance its low-code/no-code IDP platform, Vantage, ABBYY has invested in generative AI enhancements for software learning and training, sentiment recognition, and document summarization.

ABBYY’s vision of purpose-built AI allows enterprises to leverage best-of-breed AI models and achieve optimized and reliable outcomes. Its continued focus on improving the efficiency of its OCR and expanding its marketplace of pre-built models or packaged solutions has further strengthened its position in the market. The ease of training the model, the breadth of the marketplace, and its cloud offering are some of the key strengths highlighted by ABBYY’s clients.”

Vaibhav Bansal, Vice President, Everest Group

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