ST. LOUIS, Mo.— May XX, 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.