We attended OpenText World Europe this April to learn where the ship is headed. OpenText made it very clear that it is staking its content management future on the cloud. The company announced Cloud Editions 21.2, an all-encompassing, all-in effort to achieve that long turn away from on-premise legacy software. Mark Barranchea, CEO, pledged an R&D investment of over $1 billion in R&D in their diverse stable of products. For a company with $3 billion in sales last year, that is a very impressive number.
Under the hood, Vantage utilizes Convolutional Neural Networks (CNN) that are pre-trained on hundreds of thousands of documents to extract visual features from a document. A Recurrent Neural Network (RNN) is used to extract semantic features of the text. While undoubtedly welcome to the large community of ABBYY users and the market at large, neither method is ground-breaking or particularly innovative.