Laiye Recognized as a Major Contender in Everest Group's Intelligent Document Processing and Unstructured Document Processing Products PEAK Matrix® Assessment 2023
Laiye, the pioneer of the Work Execution System, has been recognized as a Major Contender in Everest Group's Intelligent Document Processing and Unstructured Document Processing Products PEAK Matrix® Assessment 2023. The PEAK Matrix® Assessment is built on studies of leading technology vendors, categorized into Leaders, Major Contenders, and Aspirants based on market impact and capabilities.
Laiye is listed as a "Major Contender" among the 36 vendors and is the second consecutive year that it has been included in the report. Laiye has witnessed a significant improvement in the "Market Impact" dimension, and is among the top ten players in the "Product Vision & Capability" dimension.
"It is a great honor for Laiye's IDP products to be highly evaluated in the world-class list of Everest Group’s PEAK Matrix® Assessments for two years in a row." said Guanchun Wang, Chairman and CEO of Laiye. "The move up of Market Impact is a testimonial to our geographical expansion and customer base increase. We have been improving our platform by integrating cutting-edge technologies such as Large Language Models that push the boundaries of AI-driven data classification, extraction and workflow automation. "
Laiye is the only global technology vendor recognized as a Major Contender in three categories by Everest Group's Peak Matrix® Reports, including Robotic Process Automation, Conversational AI and Intelligent Document Processing. Its IDP offering is able to process a wide variety of document formats and has strong capabilities in processing complex, unstructured documents. The robust partner network for implementation services and its training and certification offerings, are also differentiators that position it well for success.
Everest Group is one of the top international research firms focused on IT, Business Operations, and Engineering Services, helping clients understand how they can solve their toughest procurement and digital transformation challenges. The PEAK Matrix Assessment highlights and positions only the best-in-class providers and technology vendors in a particular space.
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