OpenText™ is pleased to announce that its platform OpenText™ IDOL Named a leader in Forrester’s recent assessment of document extraction and analytics platform vendors. In the Forrester Wave: Document Mining and Analytics Platforms, Q2 2024 report, Forrester carefully analyzed the top 14 vendors and applied a robust assessment of 25 criteria to measure their performance and capabilities.
In its evaluation, the report highlighted OpenText IDOL’s performance in AI-powered document management, complex data mining across all data types, and unstructured data analysis. The report notes that “OpenText is equipped to handle all document extraction and analysis tasks” and “it is almost impossible to find holes in IDOL’s capabilities to extract information from documents, text, and any form of rich media.”
OpenText IDOL received the highest possible score in the following criteria: checking accuracy, complex shapes and images, security and compliance, and document-level text extraction.
The report notes that large organizations consistently choose IDOL for its ability to handle complex document extraction and analysis tasks. Platform standards such as HITL (Human-In-The-Loop) accuracy verification, cross-document mining using unsupervised machine learning, and comprehensive data security architecture are listed as “premium capabilities.” Additionally, IDOL’s user-friendly interface ensures that business users can easily take advantage of its capabilities.
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OpenText, The Information Company™, enables organizations to gain knowledge with market-leading information management solutions, powered by OpenText Cloud Editions. OpenText operationalizes and protects information to increase every organization’s competitive advantage. Following the recent acquisition of Micro Focus, OpenText offers customers an expanded set of solutions in content, enterprise networking, digital experience, security, analytics, artificial intelligence, application modernization, operations management, and APIs for developers. Solution Open text Its team of 25,000 information management experts around the world helps customers simplify their systems, connect their data, build seamless automation, and thrive in a multi-cloud world. In July 2023, OpenText launched “opentext.ai”, a new strategic approach to enabling customers to solve complex problems by applying artificial intelligence (AI) and large language models (LLM) with information management software Open text.
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