Everest Group recognises Datamatics TruCap+ as a 'Major Contender' in PEAK Matrix® report 2023

Datamatics, a leading global Digital Technologies, Operations, and Experiences Company, today announced that it has been recognised as a 'Major Contender' in Everest Group's Intelligent Document Processing (IDP) and Unstructured Document Processing Products PEAK Matrix® Assessment 2023. Datamatics TruCap+ has been recognised in the assessment for fifth year in a row.

Some of the key strengths of TruCap+ highlighted in the PEAK Matrix® report include,

- Datamatics provides a holistic approach to automation through its Intelligent Automation platform that brings together its RPA (TruBot), IDP (TruCap+), AI/ML (TruAI), and BI and Visualisation (TruBI) capabilities

- Datamatics is investing in improving STP and accuracy of models, enhancing ontologies, better handling unstructured documents, and adding capabilities to allow users to integrate their custom models

- Datamatics leverages multiple OCR engines to extract information and the most accurate one is sent for further processing.

- TruCap+ integrates different ML models for image comparison and signature identification, extraction and matching.

- Clients have appreciated the ease of use of the platform along with document reading capability

TruCap+ also integrates the power of Generative AI, to benefit today's data-intensive businesses across industries such as BFSI, healthcare, pharma, manufacturing, and logistics in extracting valuable insights from vast amounts of structured, semi-structured and unstructured documents.

"Datamatics' IDP solution, TruCap+, is well integrated into its intelligent automation platform and provides easy to use automated document processing capabilities featuring integrations with several ML models and OCR engines. It has made investments in providing a SaaS model, improving key IDP metrics such as STP and accuracy, and managing domain specific ontologies, with the intent of providing faster time-to-automation," said Anil Vijayan, Partner, Everest Group. "These factors have helped position Datamatics as a Major Contender on Everest Group's Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023."

Mitul Mehta, EVP and Chief Marketing Officer, Datamatics commented, "Intelligent Document Processing landscape is evolving continuously and at Datamatics we are proud to be at the forefront of it. We have now integrated Generative AI capabilities into TruCap+ which opens many possibilities in the field of document processing." He further added, "We are happy to be part of Everest Group Peak Matrix for IDP fifth time in a row. This reiterates our position as a Major Contender in the space and is also a testament to our vision, capability, and customer focus."

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 562.55 as compared to the previous close of Rs. 557.60. The total number of shares traded during the day was 9715 in over 561 trades.

The stock hit an intraday high of Rs. 570.70 and intraday low of 555.90. The net turnover during the day was Rs. 5472217.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 EverestGroup MajorContender TruCapplus