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EdgeVerve Positioned as a Leader in the 2024 IDC MarketScape for Worldwide Unstructured Intelligent Document Processing Software Vendor Assessment

Published Date: June 07, 2024

EdgeVerve Systems Limited, a wholly-owned subsidiary of Infosys, has been recognized as a Leader in the 2024 IDC MarketScape for Worldwide Unstructured Intelligent Document Processing (IDP) Software Vendor Assessment (doc #US52121324, May 2024). We believe this recognition underscores EdgeVerve’s commitment to innovation and excellence in intelligent document processing.

The IDC MarketScape evaluated 15 software vendors based on their current capabilities and future strategies. EdgeVerve was recognized for its platform capabilities, flexibility, and comprehensive approach.

EdgeVerve’s IDP platform has proven highly effective in real-world applications. It enables organizations to transform their document processing workflows and achieve significant efficiency gains. For example, an American telecom leader leveraged EdgeVerve’s IDP to transform their contract management, resulting in a 60% boost in productivity and $21 million in savings, showcasing the platform’s power to elevate human capabilities and decision-making.

The IDC MarketScape report identifies several key strengths that have contributed to EdgeVerve’s leadership position. The key strengths highlighted in the report are as follows:

  • 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 its IDP tooling. This choice enables customers to orchestrate and build multiple potential IDP process flows to ensure maximum performance or best alignment with their business goals.
  • Software and Service-Based Solutioning: EdgeVerve engages with customers with unstructured IDP through various approaches tailored to their needs. These engagements address use case requirements, technology expertise, desired outcomes, adjacent technology integration, and staffing needs. This comprehensive approach ensures customers receive solutions perfectly aligned with their unique business requirements.

To read the excerpt, please visit: IDC MarketScape: Worldwide Unstructured Intelligent Document Processing Software 2024 Vendor Assessment (edgeverve.com)

Methodology

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.