ABBYY Reports 2023 Revenue Growth for AI Solutions Plus IDC MarketScape Leadership
ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for its artificial intelligence (AI) platform for intelligent document processing (IDP), ABBYY Vantage .
- ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for its artificial intelligence (AI) platform for intelligent document processing (IDP), ABBYY Vantage .
- By refining the scope of AI models to more specific document contexts, ABBYY IDP helps organizations benefit from LLMs without consequences in efficiency or accuracy associated with generative AI.
- “We are augmenting our products and solutions with this transformational technology, building on decades of experience developing document-focused AI.
- Gartner featured ABBYY in five 2023 Hype Cycle reports including Customer Service and Support Technologies, IT Management Intelligence, Autonomous Accounting, ERP, and Revenue and Sales Technology.