The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis and ranking of the leading IDP vendors, including strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
In its 2021 SPARK Matrix, Quadrant Knowledge Solutions placed ABBYY in the leading position for IDP solutions, due to the strong ratings of its comprehensive technology for document processing and no-code IDP platform, ABBYY Vantage.
ABBYY’s out-of-the-box ML-based pre-trained document skills and pre-built connectors are developed by ABBYY and its partners and available in the ABBYY Marketplace. With its robust technology platform, comprehensive functional capabilities, and compelling product strategy and roadmap, ABBYY is well-positioned to expand its market share in the global intelligent document processing market.
Pranjal Singh, Analyst at Quadrant Knowledge Solutions
IDP solutions help organizations automate and streamline the process of capturing, classifying, and extracting relevant information from structured, semi-structured, and unstructured documents for further processing. Driven by the dynamics of the COVID-19 pandemic, IDP technologies are continuously evolving to offer more advanced data processing capabilities.