qBotica recognized in the 2022 Gartner® Market Guide for Intelligent Document Processing Solutions
PHOENIX, April 11, 2022 /PRNewswire/ — The intelligent document processing (IDP) market is growing rapidly within the automation space and “Gartner estimates that intelligent document processing is likely to reach a market $4.8 billion in 2022.”* The report goes on to say, “Intelligent document processing (IDP) solutions extract data to support automation of high-volume, repetitive document processing tasks and for analytics and insights.”*
qbotica has helped world-leading organizations such as Western Union, TPI Composites and Polaris Transport process documents and automate processes. Their other customers come from the healthcare, telecom, and high-tech sectors.
Speaking of close partnership with qBotica, Thomas MazzaferroWestern Union’s chief data officer said, “qBotica is a welcome addition to our strategic partners at Western Union. Business processes that used to take days can now be completed in minutes using DoqumentAI, qBotica’s IDP platform. One of the key use cases is where Western Union is using qBotica’s platform to intelligently generate bank statements for Digital Bank customers that are integrated with data from Snowflake.”
qBotica’s automation platform, loud David BrajkovichChief Technology Officer of Polaris Transport, is a far superior product than some of the best industry platforms. “Their customer-centric approach, combining world-class people in the loop with a cloud-based delivery of a sophisticated machine learning platform, helped us scale price quote delivery at astronomical speed, with the potential to grow revenue for Polaris Transport and at the same time significantly reduce operating costs. We are now able to reallocate the staff to other critical initiatives that have been shelved for years, a true win-win for all.”
Gartner states in this report that “Data and analytics leaders who want to leverage AI-enabled IDP capabilities across business processes must: decide between a point solution and a platform, articulating the current needs and also the Consider future technological evolution and business growth (e.g., support for written languages, unstructured data, domain-specific workflows, and departmental use cases).”*
qboticas DocumentAI with a cloud-based open architecture offers companies a futuristic platform that enables organizational growth and technological advancement. qBotica’s intelligent automation ecosystems can rapidly support business operations such as finance, accounting, customer service, procurement, inventory management, and payment processing.
For more information on qBotica’s solutions, visit https://qbotica.com
*Gartner, “Market Guide for Intelligent Document Processing Solutions,” Shubhangi Vashishth, Anthony Mullen, Stefan Emmott, Alejandra Lozada, February 16, 2022.
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