The recent focus for providers in intelligent document processing (IDP) has been on enhancing complex data extraction across the industries. This has resulted in developing advanced pre-built industry-specific solutions for unstructured documents such as scanned order forms and vehicle body parts images. 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 the 16 service providers and HCLTech have been positioned as a Leader in the Avasant Intelligent Document Processing Platforms 2022-23 RadarView.
As per the analyst, "In the past 12 months, demand for intelligent document processing (IDP) platforms has accelerated in order to facilitate straight-through processing of complex data types and achieve higher data processing accuracy,” said Chandrika Dutt, research leader at Avasant. “HCL is meeting this enterprise need through a patented intelligent character recognition engine that can detect complex data such as barcodes, signatures, and stamps. It is filing more patents to enhance its artificial intelligence and machine learning capabilities for handwriting detection, forgery, and tampering with checks. It augments these capabilities through its proprietary IDP platform, EXACTO, which can extract and classify data from more than 16 languages and detect over 35 file types.
HCL is a prominent player in IDP, because of its focus on delivering experiential services through its Startup Ecosystem Innovation Platform & Program and its expansion in financial and manufacturing sectors through industry-specific use cases. These features have made it a leader in Avasant’s Intelligent Document Processing Platforms 2022 RadarView.”
Disclaimer: Avasant does not endorse any provider, product, or service depicted in its research publications, including RadarView, and does not advise users to select only those providers recognized in these publications. Avasant’s research publications are based on information from the best available sources and Avasant’s opinion at the time of publication, and their contents should not be construed as statements of fact. Avasant disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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