MILPITAS, Calif.--(BUSINESS WIRE)--The growing need for organizations to gain artificial intelligence from their processes and use of robotic process automation (RPA) drove third quarter 2018 corporate highlights for ABBYY®, a global provider of content intelligence solutions and services. During the quarter, ABBYY made major product enhancements, formed strategic partnerships with RPA vendors, and appointed key executives in the US and Europe to drive market penetration. Major analyst firms included ABBYY in market reports while ABBYY also developed resources to educate the market on the importance of content intelligence, its complement to RPA and relation to GDPR compliance challenges, and company success stories. This digest contains a few highlights of Q3 2018.
Product News
ABBYY’s New FlexiCapture Platform Is Faster, More Powerful, and
Runs Native in the Cloud
On September 27, ABBYY launched
ABBYY FlexiCapture 12 Release 2. The updated enterprise capture platform
offers dramatically improved performance and higher processing speeds,
continuous improvement through deeply integrated machine learning, and a
new delivery channel – FlexiCapture Cloud, which is hosted and managed
by ABBYY on Microsoft Azure Cloud. FlexiCapture 12 R2 allows any
organization pursuing a digital transformation strategy to reduce
processing costs, improve accuracy, accelerate time-to-revenue, and
strengthen their position in the market. Learn
more>>>>
Partnership News
Blue Prism and ABBYY Partner to Integrate Intelligent Optical
Character Recognition (OCR) Capabilities with Enterprise-Grade Robotic
Process Automation (RPA)
Blue Prism and ABBYY announced a
strategic partnership to integrate ABBYY FlexiCapture with Blue Prism’s
Digital Workforce automating the process of turning unstructured content
into structured, actionable data for enterprise users. ABBYY and Blue
Prism have been visionary leaders when it comes to intelligent capture
and RPA technologies, and together will deliver complementary solutions
with the goal of helping organizations become more innovative and
efficient with their business processes. Learn
more>>>>
Customer News
ABBYY closed significant new enterprise customer wins with Fortune 500 companies during the quarter. They represent a growing awareness of ABBYY’s natural language processing and machine learning technologies to automate structured and unstructured data into business processes and be the driver for content intelligence.
Notable new customers include a global manufacturer of desktops, laptops, thin clients, workstations and rugged devices; a manufacturer of electric cars; and a manufacturer of space technology.
Executive News
ABBYY Appoints Torsten Malchow as Vice President, Head of Global
Enterprise Sales
Malchow will be driving the development
and execution of sales strategies that expand ABBYY’s presence in
targeted industries and regions. His leadership will be a significant
contributor to ABBYY’s continued double-digit revenue growth. Learn
more>>>
Christian Marquardt is the New Director of Partnerships in Europe
Marquardt
will continue to drive partner business growth in Europe as Director of
Partnerships & Alliances DACH, Benelux, France, and UK. He has extensive
experience acquiring new RPA partners and systems integrators. Learn
more>>>
Industry Events
FlexiCapture Has Its Day at PegaWorld 2018, June 3-6
The
PegaWorld 2018 Conference in Las Vegas was one of the largest
intelligent automation events of the summer. ABBYY has been working
closely with Pega to help global clients across industries accelerate
innovation and achieve digital transformation goals. Learn
more>>>>
Making Robots Smarter with Content Intelligence at Intelligent
Automation Week, July 30 – Aug. 2
ABBYY participated in the
Intelligent Automation Week in Chicago where our RPA experts moderated a
roundtable discussing content intelligence and RPA. It was clear that
organizations in the midst of RPA operation want to involve unstructured
content. Read about the roundtable and five key takeaways from the
conference. Learn
more>>>>
Information Show 2018 in Brazil Signals Increased Interest in
Intelligent IT Solutions, Aug. 21-22
Brazil is ranked at
the 9th largest technology market making São Paulo the ideal
location to host this year’s Information Show 2018. The country’s GDP is
expected to grow 5.8% according to IDC Brazil, an indication that
companies who abandoned IT projects in the wake of its 2016 economic
crisis are ready to invest in new technology. Catherine Egorova, Brand
Manager for ABBYY Emerging Markets, shares her experience at Information
Show 2018 and how FlexiCapture is poised to help Brazilian companies
find calm in the information chaos. Learn
more>>>>
ABBYY Attends Encompass Conference 2018
On Oct. 3,
2018, ABBYY attended Square 9 Softworks’ Encompass Conference in
Nashville, TN. ABBYY demonstrated its FlexiCapture platform and how
users of Square 9 solutions can benefit from content intelligence to
improve their business environments. Learn
more>>>>
New Research Studies and Analyst Reports
Generational Divide as Millennials Look to Avoid Human Interaction
This
quarter, ABBYY released the findings of the new research study
commissioned in the UK. 1,200 employees in the UK found that 17% of
18-34 year-olds hate speaking to customers, yet only 4% of over 55s felt
the same. Additionally, 1 in 10 (10%) of 18-34 year-olds would delegate
speaking to customers to robots, again compared to only 4% of over 55s.
See what else employees want to delegate to robots. Learn
more>>>>
ABBYY Noted in Eight Gartner Research Notes: (subscription required, contact ABBYY for details)
Market
Guide for Robotic Process Automation Software
Assessing
Microsoft Azure Service Fabric for Devops And Microservice Architecture
Market
Guide for Managed Print Services in the Digital Workplace
Clarify
Strategy and Tactics for Artificial Intelligence by Separating Training
and Machine Learning
Competitive
Landscape: Consulting and System Integration Service Providers for
Robotic Process Automation
Driving
an Effective Ai Strategy
When
and How to Use Robotic Process Automation in Finance and Accounting
How
to Boost Artificial Intelligence with Content (And Vice Versa)
Forrester Research, Look
to Four Use Case Categories to Push RPA and AI Convergence:
(subscription required, contact ABBYY for details)
ABBYY is
featured in the report summarizing leading vendors, their RPA/text
analytics use cases, capabilities and RPA platform partnerships.
Cognilytica,
ABBYY QuickTake
Cognilytica evaluates ABBYY’s
solutions, customer examples, industries served, and how it is
positioned among competitors and differentiators. The analyst firm
states ABBYY is a dominant and sustainable player in the market for its
capabilities helping organizations automate very unstructured documents
to obtain business value through content intelligence.
New White Papers, Webinars and Case Studies
KMWorld, white paper, “The Trend-Setting Products in Knowledge Management 2018” featuring ABBYY FineReader Engine 12
AIIM, The Digital Landfill blog, “GDPR and the Data Governance Imperative”
Webinar, “Navigating the GDPR Compliance Challenge,” with Amy Weiss, editor-in-chief at Workflow Magazine and ABBYY
White Paper, “New Technologies Give Rise to Content Intelligence”
Case Study, “Global Food Redistributor Automates Inbound Purchase Orders to Narrow Digital Divide Among Distributors”
White Paper, “Digital Transformation in Transportation and Logistics”
Trending on ABBYY Blog
A Summer to Remember
This summer, the world tuned in
to watch the World Cup. For the UK, the entire country was rejuvenated
in seeing how its team played with freedom and intelligence. Paul
Goodenough, Head of Enterprise Sales of ABBYY UK, likened it to how
organizations are responding to digital transformation and traditional
ways of doing business are now a thing of the past. Read
his article on ABBYY Blog>>>>
AI Gone Wild: Why Evil Data is Scarier than Evil Algorithms
As
artificial intelligence is applied to new sectors of the economy, more
people are concerned that AI constitutes a real danger: no only to their
jobs, but mankind as a whole. This article takes a closer look at
unlocking the origin of fear and examines good vs. “evil” datasets. Learn
more>>>>
Upcoming Events
ABBYY Hosts Annual Technology Summit to Demonstrate Benefits of
Content Intelligence
Las Vegas, Oct. 10-12
ABBYY’s
6th annual ABBYY Technology Summit is taking place Oct. 10-12
at The Cosmopolitan of Las Vegas. More than 500 global customers and
partners are expected to attend the summit to take a deep dive into the
impact RPA is having on intelligent capture and the market need for
Content Intelligence. Keynote speakers include Toby Bell, industry
expert, and Sarah Burnett, Executive Vice President and Distinguished
Analyst, at Everest Group. Learn
more>>>>
Banque & Innovation 2018
Paris, Oct. 16
On
Oct. 16 ABBYY is attending Banque & Innovation in Paris, France, to
showcase its latest innovations shaping the banking sector. Learn
more>>>>
MBA’s
Annual Convention & Expo 2018
Washington,
D.C., Oct. 14-17
The ABBYY team is heading to Washington,
D.C., Oct. 14-17 to meet with leading lenders and financial institutions
attending the Mortgage Bankers Association Annual Convention. ABBYY will
demonstrate how content intelligence makes the mortgage automation
process faster and smarter through the use of AI and machine learning,
enabling lenders to better understand customer content and data to make
better decisions. Learn
more>>>>
ABBYY
to Demonstrate Content Intelligence Solutions and
Technologies at Web Summit 2018
Lisbon, Nov. 5-8
This
year, ABBYY is partnering with Web Summit, one of the largest technology
conferences in the world, to showcase the AI-enabled Content
Intelligence solutions. The conference will take place in Lisbon,
Portugal, November 5-9, 2018. All Web Summit attendees are invited to
ABBYY founder David Yang’s panel as well as to ABBYY’s stand E111, FIL 1
for demos and consultations. Stay
tuned for updates>>>>
IOFM APP2P Fall Conference
Las Vegas, Nov. 12-14
During
Nov. 12-14, ABBYY is attending the IOFM APP2P Fall Conference in Las
Vegas, the largest event dedicated to accounts payable and
procure-to-pay practitioners. ABBYY will showcase how FlexiCapture
solutions speed up the invoice and accounts payable processes. Learn
more>>>>
Shared Services & Outsourcing Week 2018
Berlin
– Germany, Nov. 12–15
Meet ABBYY at this high-class
conference and show for the shared services and outsourcing network.
Industry experts from the German-speaking region will discuss trends for
Shared Services Centers and BPOs. One of the focus areas is how new
automation technology can help achieve further cost optimization and
higher productivity. Learn
more>>>>
The AI Summit New York Dec, 5-6
ABBYY ends the year
at The AI Summit New York, the world’s first and largest conference and
exhibition to look at the practical implications of AI for enterprise
organizations, and the actual solutions that are transforming business
productivity. Anthony Macciola, Chief Innovation Officer, is presenting
alongside IBM, Microsoft, Google, Oracle and UiPath to share how ABBYY’s
solutions are delivering AI capabilities to organizations. Learn
more>>>>
To stay on top of the latest content intelligent products, solutions, and resources from ABBYY, subscribe to receive the ABBYY Corporate News Digest by emailing gina@raypr.com.
About ABBYY
ABBYY is a global leader in content intelligence solutions and services. ABBYY offers a complete range of AI-based technologies and solutions transforming business documents and content into business value. By providing digital transformation solutions to financial services, insurance, transportation, healthcare and other industries, the company helps organizations achieve the next wave of growth by understanding customers and delivering responsive real-time intelligent systems. The flexibility of ABBYY AI solutions enables customers to utilize a diverse range of advanced technologies, platforms and solutions for classification, text analytics, data and entity extraction, and data validation via any communication channel and in any format. ABBYY technologies are used and licensed by some of the largest international enterprises and government organizations, as well as SMBs and individuals. The company maintains offices in Australia, Cyprus, France, Germany, Japan, Russia, Spain, Taiwan, the UK, Ukraine, and the United States. For more information, please visit www.abbyy.com/company.
ABBYY and the ABBYY Logo are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.