EdgeVerve named a Leader in the 2024 IDC MarketScape for Worldwide Unstructured Intelligent Document Processing Software Vendors

IDC MarketScape: Worldwide Unstructured Intelligent Document Processing Software 2024 Vendor Assessment


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About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

“EdgeVerve’s unstructured IDP portfolio and strategy are focused on enabling its customers to effectively integrate data throughout their organization’s decision-making and operations. EdgeVerve’s strength lies in its ability to understand emerging technology including GenAI, and effectively integrate it into its unstructured IDP portfolio in a seamless, technology-abstracted manner.”

– 2024 IDC MarketScape for Worldwide Unstructured Intelligent Document Processing Software Vendors

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IDC MarketScape highlights key strengths that contribute to EdgeVerve’s Leadership position

Document digitization ambitions

EdgeVerve has been investing in capabilities that enable customers to integrate IDP more effectively into their organizational and automation workflows. These platform enhancements — including extensive integrations and API extensibility — allow customers to build, test, and deploy a variety of unstructured IDP use cases at scale.

Mechanistic choice led IDP orchestration

EdgeVerve has been proactive in building broad mechanistic choice and flexibility into their IDP tooling. This choice enables customers to orchestrate and build multiple potential IDP process flows to ensure maximum performance or best alignment with business goals.

Software and service-based solutioning

EdgeVerve engages with unstructured IDP customers in a variety of ways to satisfy their specific use case, technology expertise, outcome (i.e., accuracy), adjacent technology, and/or labor availability/staffing requirements.

Examples of relevant unstructured document use cases deployed with customers

Know Your Customer (KYC)

Insurance claims understanding and decisioning/validation

Financial documents processing, understanding, and decisioning

Medical records and form processing

Legal/regulatory compliance and monitoring

Contractual reviews, extraction, and understanding

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