The 4th Wave of IDP is Here
Foundational Large Language Models (LLMs) are now widely available to developers and – just as importantly – are now economically feasible for business applications. This marks the beginning of the 4th Wave of IDP.
That Didn’t Take Long: IDP vendors announce GPT features
We’re at the very beginning of the announcement cycle for GPT integration with IDP. Some vendors are all-in on GPT, while others take a more cautious approach. From a trickling stream in April, we expect the PR will soon become a raging torrent of Class IV rapids as the huge snow mass melts. Time to “buckle up, buttercup”.
Out of Ukraine: An IDP Startup Story
There is one challenge no startup should ever have to face: just when the product is ready to launch, a devastating war breaks out in the country. This was (and is still) the incredible challenge confronting RaccoonDoc, an IDP startup from the Ukraine.
Notes on another busy week for IDP
Invoice processing with… Bing? Hyperscience up, ABBYY down. And the beginning of the end for Capture.
GPT To Boost Knowledge Management Adoption
At Deep Analysis, we keep up with the pace of knowledge management innovation, so you don’t have to. To the IT mainstream, KM has long been an esoteric corner where it’s difficult to pin down the actual business value – and that has held back enterprise adoption. That’s about to change with the rise of the LLM.
ChatGPT takes the stand in its defense
I subpoenaed ChatGPT to testify in its own words if or how it can help IDP. Here is its testimony, verbatim.
IDP’s very interesting week
You knew that, sooner or later, an IDP marketer would jump at the chance to be affiliated with the incredible buzz surrounding the most exciting AI news story of the 21st century.
Proof of Identity Software Rising
40% of users have abandoned a digital onboarding process after an ID verification fail. If that figure is even half-right, a huge amount of potential sales are missing from any business with dodgy Proof of Identity solutions.
Announcing the IDP Market Report 2022-2026
Intelligent document processing (IDP) software is an essential component of digital transformation projects. Our report gives a comprehensive overview of market size, forecasts, vendors and buying tips.
Hooked on Classics
How can a mature, mid-size IDP classic player compete with the shiny new AI-first stories? Their AI pitches are threatened with oblivion, overwhelmed by the capital-infused buzz created by the flashy start-ups with those huge sales and marketing budgets.
Kofax buys Ephesoft: The Prodigal Son Returns.
With the explosion of new vendors and investment coming into IDP, we think the market will hardly notice the merger. There is so much new business now that IDP has become intelligent. The best is still ahead.