Grooper represents one of the more remarkable corporate and technology pivots we have seen. A company that was well known and long established in the capture/scanning market reinvents itself as a data integration platform vendor. What it has done so far – and it has taken seven years of development work – it has done well.
Vendor Vignette: ai
In 2019, ABBYY expanded its software
beyond intelligent capture into intelligent process mining and discovery
tools that utilize neural network technology. Both intelligent capture
and intelligent process discovery are hot trends in the digital process
automation market, making ABBYY an important company for
enterprises to keep on their radar. ABBYY acquired TimelinePI
in May 2019. This report focuses on the ABBYY Timeline product and evaluates the firm’s positioning in the overall digital process automation marketplace.
In terms of innovation, Ripcord checks all the boxes, combining robotics with cloud software for capture. But its uniqueness may also be its weakness. For such a differentiated product, the firm has only limited industry visibility. … That said, Ripcord does represent a step forward in the capture, archiving, and records management world: its speed in capturing and processing paper documents sets a new benchmark.
Parascript is a traditional and long-established OCR/ICR capture vendor with some advanced machine learning and AI capabilities (which it labels Smart Learning) that differentiate it from the pack. However, despite the fact that Parascript is one of the pioneers of text recognition, with the team’s experience dating back to the 1980s, the firm remains small, with limited market visibility.