Global Survey Evaluates 36 Vendors Based on Capabilities and Offerings
ST. LOUIS, Mo.— May 9, 2022 —KnowledgeLake, a leading provider of intelligent document processing (IDP) solutions, today announced it has been positioned as a “Major Contender” in the Everest Group Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2022.
Everest Group evaluated 36 IDP technology providers and positioned them on the PEAK Matrix® as Leaders, Major Contenders, Aspirants, and Star Performers based on vendor capabilities and offerings.
“For KnowledgeLake to be recognized as a Major Contender in our debut within the Everest Group IDP Matrix is a recognition of our vision, and a testament to the determination and passion that drives our company,” said Ron Cameron, CEO of KnowledgeLake. “By listening to our partners and customers, we’ve developed a powerful, highly configurable, and easy-to-use IDP platform that enables companies to automate high-volume business processes and gain greater visibility into, and control over, their business.”
According to Everest Group, IDP products are an essential component of an enterprise’s automation technologies portfolio. IDP leverages Artificial Intelligence (AI) technologies such as Optical Character Recognition (OCR), computer vision, Natural Language Processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents. The need to improve operational efficiencies and employee productivity, achieve cost savings, and enhance employee and customer experience is driving IDP adoption among enterprises.
To learn more about the Everest Group IDP PEAK Matrix® Assessment 2022, click here.
About the PEAK Matrix
The Everest Group PEAK Matrix® is a proprietary framework for assessing the relative market success and overall capability of service providers based on Performance, Experiences, Ability, and Knowledge. Each service provider is comparatively assessed on two dimensions: market success and delivery capabilities. Market success is measured by revenue, number of clients and year-over-year growth. Delivery capability is measured by scale of operations, scope, technology and innovation, delivery footprint and buyer satisfaction. The resulting matrix categorizes service providers as Leaders, Major Contenders, and Aspirants. Companies that demonstrate strong upward movement in successive reports are recognized as Star Performers.
About Everest Group
Everest Group is a research firm focused on strategic IT, business services, engineering services, and sourcing. The company’s research also covers the technologies that power those processes and functions and the related talent trends and strategies. Its clients include leading global companies, service and technology providers, and investors. Clients use Everest Group’s services to guide their journeys to maximize operational and financial performance, transform experiences, and realize high-impact business outcomes. Details and in-depth content are available at www.everestgrp.com.
About KnowledgeLake
KnowledgeLake is the only end-to-end, fully cloud-native solution for intelligent document processing, enabling organizations to capture, process, and manage their content in a single platform. The company combines intelligent document capture and robotic process automation (RPA) to increase organizational productivity. Two million users worldwide employ KnowledgeLake to work faster and more efficiently. For more information, visit knowledgelake.com.