Infrrd Cited in Two Recent Gartner Hype Cycle Reports

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Infrrd Cited in Two Recent Gartner Hype Cycle Reports

400 U.S.-based Companies Processing More than One Million Invoices Annually Cite Dramatic Increase in IDP Adoption for Accounts Payable FunctionCompany Recognized as Sample Vendor for Intelligent Document Processing

SAN JOSE, Calif. … August 23, 2022 … Infrrd, a leading provider of Intelligent Document Processing (IDP) solutions, announced today it was named a Sample Vendor for IDP in two recent Gartner Hype Cycle reports. Both reports cite the role of IDP in business process improvement.

The first report, Hype Cycle for Natural Language Technologies, 2022, published on July 11, 2022, discusses how advances in artificial intelligence and (AI) and machine learning (ML) are driving innovation and fostering advances in natural language technologies (NLT)and designates where these new opportunities and methods can prove most beneficial. The report states that, “IDP uses natural language technologies and computer vision to extract data from structured and unstructured content, especially from documents, to support automation and augmentation.”


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