WATERLOO, Ontario, Could 31, 2024 /PRNewswire/ — OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the data firm, immediately introduced that OpenText™ IDOL™ has been named a Chief in The Forrester Wave™: Doc Mining and Analytics Platforms, Q2 2024.
Of their just lately revealed vendor analysis, Forrester analyzed 14 doc mining and analytics suppliers, utilizing a 25-criterion analysis to attain them. The Forrester report states, “OpenText is provided to deal with any and all doc mining and analytics duties,” additionally noting, “It is near unimaginable to seek out any gaps in IDOL’s capabilities to mine data from paperwork, textual content, and any type of wealthy media.”
Forrester’s analysis acknowledged OpenText’s foundational AI capabilities inside IDOL with the very best rating within the present providing class, which incorporates standards reminiscent of accuracy verification, complicated varieties and pictures, safety and regulatory compliance, and document-level textual content mining/NLP. Inside the report, Forrester famous that “IDOL stands out as a transparent prime possibility for current OpenText prospects and huge enterprises with complicated doc mining and analytics use circumstances.”
“Within the face of exponentially rising information volumes, managing and leveraging data poses vital challenges, particularly for big enterprises grappling with numerous content material era and organizational strategies. OpenText IDOL rises to this problem, providing AI-powered options tailor-made to streamline information administration,” stated Muhi Majzoub, Chief Product Officer, OpenText. “Our recognition as a frontrunner, underscores for us our unwavering dedication to pioneering and investing in AI-powered options just like the IDOL platform. We attempt to empower our prospects to not solely harness the wealth of the info and data at their disposal immediately, but in addition to future-proof their companies for tomorrow.”
Obtain a complimentary copy of the Forrester Wave report back to be taught extra about why Forrester acknowledges OpenText as a frontrunner.
For extra on OpenText’s IDOL options, please go to: https://www.opentext.com/merchandise/idol-unstructured-data-analytics
About OpenText
OpenText, The Info Firm™, allows organizations to realize perception by market main data administration options, powered by OpenText Cloud Editions. For extra details about OpenText (NASDAQ: OTEX, TSX: OTEX) go to opentext.com
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