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Indico Data named as a leader in intelligent document processing for 3rd year in SPARK Matrix Report by Quadrant Knowledge Solutions

January 16, 2024 |

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Boston, MA, January 16, 2024 Quadrant Knowledge Solutions announced today that it has named Indico Data as a 2023 technology leader in the SPARK Matrix analysis of the global Intelligent Document Processing market.

The Quadrant Knowledge Solutions SPARK Matrix™ report includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK Matrix. It gives strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.

Complimentary Download – SPARK Matrix: Intelligent Document Processing, 2023

According to Madhu Kittur, Analyst at Quadrant Knowledge Solutions, “Indico Data has aligned itself to market trends and patented innovations by diligently addressing obstacles while ambitiously charting its roadmap, propelling itself into a league of its own.”

According to Quadrant Knowledge Solutions’ analysts, Indico excels in managing unstructured enterprise data with its no-code/low-code technology, automated workflows, and secure data analysis. The company stands out for its innovative features like script injection, database integrations, and efficient workflow transfers, enhancing user experience and efficiency. The report goes on to suggest areas for improvement in Indico’s OCR engine and the development of a real-time mobile data extraction app.

Moving forward, future plans for Indico Data include advanced dashboarding, custom reports, and exploring generative AI in partnership with Microsoft, highlighting its commitment to continuous innovation. Recognized for its adaptability and customer-centric approach across various industries, Indico’s technological prowess and customer impact have once again earned it the title of Technology Leader in the 2023 SPARK Matrix report for Intelligent Document Processing.

“We are immensely proud to be acknowledged as a leader in the SPARK Matrix for Intelligent Document Processing for the third consecutive year,” states Tom Wilde, CEO of Indico Data. “This recognition is a testament to our unwavering dedication to excellence in technological innovation and our deep commitment to empowering our clients. This accolade serves as a significant milestone, reaffirming our resolve to continue pioneering in our field.”


About Indico Data

Indico Data automates critical workflows for enterprises in document-intensives industries, including insurance, financial services and commercial real estate. With the Indico Intelligent Intake™ Solution, organizations of all sizes can free their experts from tedious, manual tasks, and allow them to deliver more business value. Now, better intake yields better outcomes. Visit https://indicodata.ai to learn more.

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients achieve business transformation goals with strategic business and growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.


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