Enterprises are embracing cognitive technology to streamline document processing across many departments, as paper-based workflows are diminishing overall workforce productivity. HCL Technologies addresses the requirement for businesses to use intelligent document processing (IDP) solutions in order to modernise paper-intensive procedures and acquire actionable insights from unstructured data.
This report assesses profiles of the15 service providers and HCL Technologies have been positioned as a Leader in the Avasant Intelligent Document Processing Platforms 2021 22 RadarView.
As per the analyst, “As enterprises look for intuitive tools and platforms to process more complex data types, advancements in cognitive technologies are helping them gain insights from niche datasets. HCL is catering to this enterprise need by enriching its EXACTO platform with cognitive features, such as deduplication, web crawling, and document comparison. From digitizing scanned, handwritten documents to validating the extracted data in real-time, HCL has demonstrated state-of-the-art capabilities across the document processing value chain. It has further strengthened these capabilities through joint go-to-market offerings with over 20 start-ups and investments in cloud-based machine learning tools and platform-as-a-service offerings to reduce the model training time.
HCL’s ability to process documents from multiple sources and seamlessly integrate its platform with downstream applications makes it a prominent player in the IDP industry. Its distinctive platform features and partnerships with leading technology companies to develop IDP use cases have placed it as a leader in Avasant’s Intelligent Document Processing Platforms 2021-22 RadarView.”
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