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Abbyy

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ABBYY Market Research Report



Company Overview



  • Name: ABBYY

  • Mission: To transform enterprise processes and data with purpose-built AI solutions, helping enterprises turn data into intelligence and achieve superior business outcomes.

  • Founded: No information is available.

  • Founders: No information is available.

  • Key People:

  • Ulf Persson, Chief Executive Officer

  • Patrick “PJ” Jean, Chief Technology and Product Officer

  • Bruce Orcutt, Chief Marketing Officer

  • Neil Murphy, Chief Revenue Officer

  • Brian Unruh, Chief Financial Officer

  • Clayton Peddy, Chief Information Security Officer

  • Roman Kilun, Chief Compliance Officer

  • Headquarter: 600 Congress Avenue, Suite 15015, Austin, TX 78701, USA

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: ABBYY is recognized as a leader in intelligent document processing and automation solutions, providing powerful AI-driven platforms such as ABBYY Vantage and ABBYY FlexiCapture.


Products



ABBYY Vantage


  • Description: A cloud-first intelligent document processing platform that simplifies document processing using AI.

  • Key Features:

  • Low-code/no-code platform for ease of use.

  • Pre-trained AI extraction models/skills for high accuracy in data extraction.

  • Supports structured, semi-structured, and unstructured documents.


ABBYY FlexiCapture


  • Description: Enterprise-scale document automation software designed for optimal data extraction, processing, and validation.

  • Key Features:

  • Available in cloud, on-premise, or via SDK.

  • Integrates AI, NLP, and machine learning for intelligent data capture.

  • Offers multi-level document classification and continuous learning capabilities.


ABBYY FineReader Engine


  • Description: A comprehensive AI OCR SDK for embedding OCR functionalities within software applications.

  • Key Features:

  • High OCR accuracy through advanced AI and ML methodologies.

  • Flexible deployment across Windows, Linux, Mac OS, and the cloud.


ABBYY Timeline


  • Description: A process intelligence platform for mining, task mining, and process simulation.

  • Key Features:

  • Provides actionable insights for process optimization.

  • Supports continuous process monitoring and improvement.


Recent Developments



  • Intelligent Automation Solutions Expansion:

  • ABBYY has enhanced their portfolio offering solutions including Accounts Payable Automation, Customer Onboarding, Enterprise Automation, and more.


  • Partnerships and Integrations:

  • Integration with leading RPA and automation platforms such as Microsoft Power Automate, UiPath, Blue Prism, Pega, and others.


  • Recognition as a Market Leader:

  • Named by multiple analyst firms, including Gartner and Zinnov, as a leader in intelligent document processing and process mining.


  • Technological Advancements:

  • Implementation of cutting-edge AI techniques such as deep learning, NLP, and continuous learning in their platforms to enhance functionality and user adaptability.


  • Market Expansion:

  • Expanded operations and services in 13 countries, boosting their global footprint and service capabilities.


This detailed report covers the essential aspects of ABBYY's operations, products, leadership, and recent innovations, drawn from the available data. Each section offers insights into the company's operational strengths and contributions to the intelligent automation industry.