Datamatics recognized in the Gartner Hype Cycle for Natural Language Technologies, 2021

Aug 30, 2021 3:52:47 PM

Mumbai, August 30, 2021: Datamatics, a global Digital Solutions, Technology, and BPM company, today announced that it is recognized in Gartner Hype Cycle for Natural Language Technologies, 2021 under Text Summarization and Intelligent Document Processing (IDP). This report is authored by analysts Bern Elliot, Anthony Mullen, Adrian Lee, and Stephen Emmott.

This marks the second year in a row that Datamatics has been named in this Hype Cycle research for Text Summarization and the first time for Intelligent Document Processing. According to the report, “Recent advances in artificial intelligence and machine learning have enabled innovative approaches and advances in the field of natural language technologies. This report will assist IT leaders in assessing how and where these new opportunities and methods can best be applied. ”

Datamatics has its own platform TruAI which is a comprehensive Artificial Intelligence and Cognitive Sciences solution that helps enterprises leverage use cases related to pattern detection, text & data mining. It allows enterprises to extract intelligence from high volumes of data, including structured, unstructured, and multi-structured data from diverse sources.  

Datamatics TruCap+ is an AI-enabled Intelligent Document Processing product that allows enterprises to realize faster time-to-value and achieve greater Straight-Through Processing (STP) with accuracy.

Commenting on the inclusion, Mr. Mitul Mehta, Senior Vice President - Marketing and Communications, Datamatics, said, “80% of an enterprise data is structured and semi-structured. Using AI/ML models, Datamatics TruAI and TruCap+ IDP enable enterprises to automate data extraction with high accuracy and ingest it into downstream systems. This enables enterprises to achieve process automation at scale. We are happy to be recognized in the Gartner Hype Cycle for Natural Language Technologies, 2021. I believe this inclusion is a milestone in our journey to a true automation world.”

Click to know more: Hype Cycle for Natural Language Technologies, 2021, Bern Elliot et al., 21 July 2021 (Gartner Subscription Required)

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Datamatics

Datamatics (BSE: 532528 | NSE: DATAMATICS) provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience. With a complete digital approach, Datamatics portfolio spans across Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Artificial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automated Fare Collection. Datamatics services global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing.  The Company has presence across 4 continents with major delivery centers in the USA, India, and Philippines. 

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