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Everest Group Names AYR as a Leader in its 2023 Unstructured Document Processing PEAK Matrix

PRINCETON, NJ, June 8, 2023 – AYR, a leading provider of intelligent document processing solutions, is proud to announce that it has been recognized as a Leader in the Unstructured Document Processing (UDP) Peak Matrix by The Everest Group for the year 2023. This achievement highlights AYR’s commitment to innovation and excellence in the field of unstructured document processing.

AYR’s IDP platform, SingularityAI, has proven to be a game-changer in the industry, combining cutting-edge technologies such as native Optical Character Recognition (OCR), Natural Language Processing (NLP), and computer vision capabilities to effectively ingest and process unstructured documents. The platform’s real-time AI framework allows for continuous model upgradation, ensuring that customers always have access to the latest advancements. Additionally, AYR’s native synthetic data generation capability through the Intelligent Data Simulator (IDS) and the advanced Data Perfection Platform (DPP) allowing for custom business rules and validation has further enhanced the value proposition of its IDP solution.

“We are delighted to be recognized as a Leader in the Unstructured Document Processing Peak Matrix by The Everest Group,” said Dr. Tianhao Wu, Co-Founder & CTO at AYR. “This acknowledgment reflects our unwavering commitment to providing cutting-edge solutions that address the complex data challenges faced by enterprise customers. AYR is also proud to have been named a Major Contender in the IDP Peak Matrix for the third consecutive year.”

The recognition by The Everest Group serves as a testament to AYR’s commitment to pushing the boundaries of what is possible in the field of unstructured document processing. While many solutions such as RPA and legacy OCR/IDP tools focus solely on structured data, AYR understands the criticality of solving complex challenges associated with unstructured data. By offering innovative technologies and a multi-modal, AYR empowers enterprises to unlock the full potential of their unstructured data.

“AYR’s IDP platform, SingularityAI, combines native OCR, NLP, and computer vision capabilities to ingest and process unstructured documents. Its real-time AI framework, which allows for continuous upgradation of the models and its native synthetic data generation capability through Intelligent Data Simulator (IDS), have augmented the value proposition of its IDP solution,” said Vaibhav Bansal, Vice President, Everest Group. “The platform’s strong vision and continuous investments into domain-specific pre-trained models for improving traditional knowledge graphs have contributed to AYR emerging as a Leader on Everest Group’s Unstructured Document Processing PEAK Matrix® Assessment 2023.”

For more information about AYR and its advanced document processing solutions, please visit www.ayr.ai.

About AYR: AYR is a leading provider of intelligent document processing solutions, offering a comprehensive platform that combines native OCR, NLP, and computer vision capabilities. With its innovative IDP platform, SingularityAI, AYR enables enterprises to efficiently process unstructured documents and gain valuable insights from their data.

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