2020 Everest Group IDP Peak Matrix Report

For the 2nd year in a row Hyperscience has been recognized as a Major Contender in Everest’s IDP PEAK Matrix report. Learn more about how Hyperscience is impacting the Intelligent Document Processing vendor landscape.

What is Intelligent Document Processing?

According to Everest Group, ”an Intelligent Document Processing (IDP) solution can be defined as any software product or solution that captures data from documents (e.g., email, text, PDF, and scanned documents), categorizes, and extracts relevant data for further processing using AI technologies such as computer vision, OCR, Natural Language Processing (NLP), and machine/deep learning.”*

This assessment has been licensed for exclusive use and distribution by Hyperscience

Everest Group recognizes Hyperscience for:

  • Offering an IDP solution that focuses on automating data entry from all types of documents (hand-filled forms, printed documents, and images) into enterprise IT systems and achieving high levels of accuracy through its core ML algorithm.

  • An automated platform for training the model for data extraction. It runs in a non-intrusive manner in the background and can involve human interventions in case of low confidence level on extracted data.

  • Providing out-of-the-box pre-trained models with the ability to extract printed, cursive, and handwritten texts from structured and semi-structured documents such as forms, invoices, paystubs, and checks, to name a few.

  • Extending the capability to be deployed on-premise, behind an organization’s firewall, or on cloud, depending on the requirement of the customers.

  • Clients have unanimously appreciated the ease of use of the product and the customer support provided by Hyperscience.

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