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Cortical.io Recognized in 2022 Gartner® Market Guide for Intelligent Document Processing
As noted in the report, "Vendors were selected based on the following: Those whose core product met the definition of "IDP"; Those most mentioned in client interactions;
Cortical.io solutions, leveraging its Semantic Folding NLU approach, are disrupting numerous markets due to their ability to efficiently process thousands of complex business documents, messages or attachments. They were singled out in the insurance category as they provide carriers and brokers with automated solutions to accurately review, extract and compare information from documents including policies and benefit booklets. After implementing Cortical.io IDP solutions, insurance carriers like Unum report a significant decrease in the error rate of quotes generated by users, and an overall improvement in quality.
Cortical.io Contract Intelligence (https://www.cortical.io/
"The high variability of business documents poses a problem for automation tools. Most IDP vendors need tens of thousands of documents to train their systems and that's why they focus on very specific use cases. Our products can solve new use cases with comparatively little training data," said Thomas Reinemer, COO at Cortical.io. "This is game-changing for the IDP market."
*Gartner, "Market Guide for Intelligent Document Processing Solutions", Shubhangi Vashisth, Anthony Mullen, Stephen Emmott, Alejandra Lozada, 16 February 2022. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
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.
Cortical.io leverages a patented Natural Language Understanding technology (https://www.cortical.io/