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.
Document Processing
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.
Dropbox drops another deal
This past week Dropbox made its second acquisition of 2022 when it bought forms vendor FormSwift. A few weeks earlier, it bought Boxcryptor, as its name suggests, a security/encryption vendor.
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.
2022 Innovation Index Award Winners
We are genuinely excited to announce the 2022 years Innovation Index Award winners. As in past years, it’s a truly eclectic bunch who, in their unique way, caught us by surprise and gave us a wow moment.
Microsoft Syntex – How big a deal is this?
Was the recent Syntex announcement at Ignite 2022 the most significant Microsoft news drop since the launch of SharePoint in 2001?
Hyland CommunityLive 2022
Hyland took the plunge this year to return to an in-person (Nashville, TN) customer event. That decision was not an easy one to make. Many other tech firms have been struggling with the same decision-making process in the wake of the pandemic. But thankfully, it worked out well, and Community Live was well attended. So …
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.
Laiye acquires Mindsay – And why it matters…..
So, in summary, Laiye is a new and earnest player to contend with. One we will continue to watch with great interest over the next few years.
5 New Reports Available
Our website recently published five new vendor-specific reports (Vendor Vignettes in Deep Analysis parlance). And we have many more in the works that we plan to publish in late September.
The IDP Industry’s First 100% Accuracy Claim: Truth or Hype?
Last week one press release made a claim that almost broke our skeptimeter. The headline claimed “industry-first 100% accuracy offering for document processing.”
5 Years of Deep Analysis & Market Shifts
It’s hard to believe that I founded Deep Analysis five years ago (almost to the day). It’s hard to believe we made it this far and that we are looking forward to the next five. But maybe what is hardest to grasp is just how much our industry has changed over these past few years. …
Info Mangt & Automation – May 2022 M&A Roundup
At Deep Analysis, we undertake technical and market due diligence for Private Equity, Investment Banks, and Vendors looking to acquire. Hence we keep a close eye on what is happening in the broader Information Management and Enterprise Automation market. May, except for the massive Kofax deal (our analysis here), has been relatively quiet, but a few deals this month did catch our attention….