IQ Bot product recognized for its rapid growth and adoption by over 500 of the world’s leading enterprises
Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced that Everest Group, a leading research and consulting firm, has named it a Leader and a Star Performer in its Intelligent Document Processing (IDP) 2020 PEAK Matrix.
Automation Anywhere earned this position for IQ Bot, the world’s only web-based, cloud-native IDP solution that has been adopted by over 500 of the world’s leading organizations. IQ Bot, available through the company’s intelligent RPA platform, uses artificial intelligence (AI) to advance worker productivity by automatically extracting data from documents and emails. Today, business users – from home appraisers to delivery workers – can easily process complex, multi-page documents, such as mortgage applications, insurance claims, patient forms, invoices, purchase orders, financial statements and inter-bank settlements.
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IQ Bot’s library of more than 100 pre-trained document-processing use cases can enable 10X faster deployment and end-to-end automation of 70% of many document-centric processes1. IQ Bot learns by human feedback to continuously improve automation rates with near-zero errors.
This is the second time in less than a year that Automation Anywhere received the top spot in an Everest Group’s PEAK Matrix assessment. In 2019, the company was named a Leader and a Star Performer in Everest Group’s “Robotic Process Automation Products PEAK Matrix Assessment 2019.”
“Automation Anywhere has demonstrated among the strongest year-over-year movement on both market impact and vision and capability dimensions, emerging as a Star Performer on the 2020 IDP Market assessment,” said Anil Vijayan, Vice President at Everest Group. “Factors that contributed to this strong position on the PEAK Matrix include market adoption, vision and strategy, product capability, as well as implementation and customer support, amongst others.”
Everest Group defines IDP as “any software product or solution that captures data from documents (e.g., email, text, PDF, and scanned documents), categorizes, and extracts relevant data for further processing using AI technologies such as computer vision, OCR, Natural Language Processing (NLP), and machine/deep learning.” The IDP PEAK Matrix assesses the impact created in the market as well as the ability to deliver products successfully.
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“It is an honor to be named a leader in Everest Group’s 2020 IDP PEAK Matrix for advancing intelligent document processing with IQ Bot,” said Prince Kohli, Chief Technology Officer, Automation Anywhere. “Today, organizations still manually process thousands of documents at prohibitive costs, and our vision with IQ Bot is to eliminate that to increase overall efficiencies and free up human workers to focus on more strategic projects that can save organizations both time and money.”
Everest Group is a consulting and research firm focused on strategic IT, business services and engineering services. Everest Group’s PEAK Matrix assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products & solutions within various market segments.
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