ABBYY Once Again Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms
June 25 2024 - 7:00AM
Business Wire
ABBYY recognized for its completeness of vision
and ability to execute.
ABBYY for a second time is recognized as a Leader in the 2024
Gartner® Magic Quadrant™ for Process Mining Platforms. ABBYY’s
process intelligence platform, ABBYY Timeline, was the first to
highlight the importance of unstructured and semi-structured
documents driving processes and is considered a game changer for
customers needing to make decisions that are actionable in real
time.
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ABBYY has been recognized for the second
time as a Leader in the 2024 Gartner® Magic Quadrant for Process
Mining Platforms. ABBYY is recognized for its completeness of
vision and ability to execute. (Graphic: Business Wire)
ABBYY uniquely provides critical data to process mining and task
mining that increases insights into how processes are behaving.
Coupled with its comprehensive suite of services including process
experts, technical account managers, trainers and a strong partner
global ecosystem, customers have reported successfully achieving
process optimization. In fact, Gartner estimates that “by 2026, 25%
of global enterprises will have embraced process mining platforms
as a first step to creating a digital twin for business operations,
paving the way to autonomous business operations.”
Simon Higgs, Director of Business Transformation and
Optimization for Measurement Solutions at
Emerson, recently commented, “ABBYY Process
Intelligence has helped us make a real cultural change: to rely on
data and make data-driven improvements. The data doesn’t lie. I
felt like we were in safe hands being able to leverage the
experience ABBYY has had in process mining.”
As a result of the company’s strategy and execution, ABBYY
process intelligence annual recurring revenue (ARR) increased 100%
in 2023. Organizations such as Emerson and Société General reported
significant operational excellence and cost savings using ABBYY
Timeline at the recently held ABBYY AI Summit. Their intelligent
automation journeys echo the key drivers noted in the Gartner
report to “increase digital transformation efforts, grow process
visibility requirements, and increase demand for business
operations resilience.”
“It is an honor to again be recognized as a Leader in the
Gartner Magic Quadrant for Process Mining Platforms. We work
closely with global enterprises to better understand the
complexities of their ad hoc processes and their dependencies on
unstructured documents to run their business effectively. This
intimate knowledge enables us to continuously expand and enhance
our process intelligence capabilities with ABBYY Timeline,”
commented Bruce Orcutt, Chief Marketing Officer at ABBYY.
“We know organizations have many choices in the competitive
landscape, but it takes more than theory, canned demos, and giving
freebies to make an impact. Our comprehensive suite of capabilities
and services translate to customers receiving the white glove
treatment that illustrates our commitment to their success.”
Furthermore, strategic partnerships with SS&C Blue Prism,
Doculabs, Novelis, and others are expanding worldwide adoption and
use cases of ABBYY Timeline.
Learn more about ABBYY Timeline by accessing the Gartner Magic
Quadrant for Process Mining platforms at
https://www.abbyy.com/resources/report/abbyy-named-leader-2024-gartner-magic-quadrant-for-process-mining-platforms/.
Gartner, Magic Quadrant for Process Mining Platforms, Marc
Kerremans, David Sugden, Nick Duffy, et al, 29 April 2024.
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About ABBYY
ABBYY puts your information to work with purpose-built AI. We
combine innovation and experience to transform data from
business-critical documents into intelligent actionable outcomes in
over 200 languages in real time. We are trusted by more than 10,000
companies globally, including many of the Fortune 500, to drive
significant impact where it matters most: accelerate the customer
experience, operational excellence, and competitive advantage.
ABBYY is a global company with headquarters in Milpitas, CA and
offices in 12 countries, and is the Official Intelligent Automation
Partner of Arsenal Women Football Club. For more information, visit
www.abbyy.com/company and follow us on LinkedIn, Twitter, Facebook,
and Instagram.
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Catherine Johnson Catherine.johnson@abbyy.com