Company Updates August 5, 2021

Alkymi Named in 2021 Gartner Hype Cycle for Natural Language Technologies Report

by Bethany Walsh

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Alkymi has been named in the Gartner® Hype Cycle™ for Natural Language Technologies, 2021, report. We were listed as a Sample Vendor in the intelligent document processing (IDP) category, which was a new entrant in this year’s report.

About Gartner Hype Cycle

According to Gartner, “Each year, Gartner creates 100+ Hype Cycles across various domains to help their clients track the maturity and future potential of innovations.” Further it adds, “Gartner’s Hype Cycle depicts a common pattern that occurs when an innovation emerges. An innovation often progresses through a period of overenthusiasm, to a period of disillusionment, to an eventual understanding of the innovation’s relevance and role in a market or domain.”[1]

This Gartner Hype Cycle report focuses on “NLT innovations that incorporate emerging capabilities, often in conjunction with existing methods. IT leaders should understand the technologies outlined in this report in terms of how they can be used to produce useful and differentiating capabilities.”[2]

Why IDP?

Per Gartner, “Intelligent document processing is increasingly important to create operational efficiencies in business processes that need to extract information from semistructured and unstructured data for further analysis. These processes currently are majorly human centric. IDP caters to a wide variety of use cases—from digitization initiatives to supporting more complex processes such as document-centric taxation processing and pension fund management.”[2]

At Alkymi, our goal is to eliminate operational headaches associated with document and data processing by giving our customers a shortcut to decision making. We’re simplifying how professionals interact with data by uniting information from disparate sources in a centralized decision hub—accelerating processing time and improving audits with clear traceability to the data source. Once this information lands in Data Inbox, customers can easily isolate specific pieces of data and transform them into a structured format before sending it off to its next destination. By combining easy-to-use tools with human-in-the-loop expertise, we free employees from tedious, error-prone tasks to focus on high-value, rewarding work.

If you are a Gartner client, you can access the report here to learn more. 

[1] Gartner, “Understanding Gartner’s Hype Cycles”, Philip Dawson, et al, 2 July 2021

[2] Gartner, Hype Cycle for Natural Language Technologies, 2021”, Bern Elliot, Anthony Mullen, Adrian Lee, Stephen Emmott, 21 July 2021

Disclaimer: GARTNER and Hype Cycle are 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. 

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.

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