Associated tags: Document processing, Digital intelligence, Business, IDP, Software, Data Management, ABBYY, Automation, Professional Services, Intelligence, Artificial Intelligence, Data Analytics, AI
Locations: GERMANY, FRANCE, EUROPE, UK, UNITED KINGDOM, US, SS, AMERICAS, UNITED STATES, NORTH AMERICA, CALIFORNIA, EMERSON
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Medical device ABBYY has announced its support of non-profit public charity ForHumanity to assist financial services organizations in meeting new regulations on the use of artificial intelligence (AI).
Key Points:
- ABBYY has announced its support of non-profit public charity ForHumanity to assist financial services organizations in meeting new regulations on the use of artificial intelligence (AI).
- ForHumanity’s mission is to make AI safe for society, support government and regulatory agencies, and to manage risk associated with AAA systems.
- These systems include AI that has the ability to analyze and interpret data, learn from experiences, and execute actions without constant human supervision.
- “ABBYY supports the development of independent audit criteria as part of its long-time commitment to developing trustworthy AI that is purpose-built for financial services organizations’ business-critical processes,” stated Andrew Pery, certified by ForHumanity in the independent audit of AI systems for the EU Artificial Intelligence Act and AI Ethics Evangelist at ABBYY.
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Medical device Today ABBYY, a leader in purpose-built AI for intelligent automation, announced its inaugural AI Summit London, which will take place at Emirates Stadium on May 15, 2024.
Key Points:
- Today ABBYY, a leader in purpose-built AI for intelligent automation, announced its inaugural AI Summit London, which will take place at Emirates Stadium on May 15, 2024.
- The summit will highlight the most recent AI innovations for intelligent document processing (IDP), process mining, and task mining.
- The iconic Emirates Stadium, a stadium that represents bold vision and progress, is the perfect venue to host the ABBYY AI Summit,” commented Ulf Persson, CEO of ABBYY.
- To learn more about the ABBYY AI Summit and sign up for ABBYY’s future events, please visit: https://digital.abbyy.com/abbyy-ai-summit-2024-register-your-interest .
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Application development ABBYY, a leader in purpose-built AI for intelligent automation, today announced that Nagarro improved its invoice processing lifecycle by deploying ABBYY Vantage into its global SAP unit’s Invoice Scanner for SAP S/4HANA®.
Key Points:
- ABBYY, a leader in purpose-built AI for intelligent automation, today announced that Nagarro improved its invoice processing lifecycle by deploying ABBYY Vantage into its global SAP unit’s Invoice Scanner for SAP S/4HANA®.
- Nagarro is now able to provide customers more visibility into the amount of money saved using Invoice Scanner over manual methods while reducing invoice processing times by 60% and increasing accuracy.
- ABBYY Vantage is an industry-leading intelligent document processing platform (IDP) that uses AI to automatically read and understand documents like humans and was a driving factor in enabling Nagarro to realize significant operational enhancements.
- Faced with the challenges of manual invoice handling, Nagarro needed an intelligent automation solution that could process thousands of invoices annually for its global invoice processing management system spanning 36 countries.
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Medical device Novelis Innovation’s momentum for deploying ABBYY purpose-built artificial intelligence (AI) solutions in Europe is expanding into the United States.
Key Points:
- Novelis Innovation’s momentum for deploying ABBYY purpose-built artificial intelligence (AI) solutions in Europe is expanding into the United States.
- Novelis successfully used ABBYY’s portfolio of intelligent automation solutions to drive greater document efficiency and strategic process visibility for several European clients in government, banking, and insurance, and Novelis will replicate this success in the United States with a broadened partnership with ABBYY.
- Novelis helped these companies to eliminate major process bottlenecks, automate repetitive administrative tasks, and identify development priorities for further digital transformation of their legacy information systems.
- “Working with ABBYY has significantly broadened the effectiveness of our customers’ automation initiatives,” said Catherine Stewart, President & General Manager for the Americas at Novelis.
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Tuesday, February 13, 2024
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IDC ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for its artificial intelligence (AI) platform for intelligent document processing (IDP), ABBYY Vantage .
Key Points:
- ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for its artificial intelligence (AI) platform for intelligent document processing (IDP), ABBYY Vantage .
- By refining the scope of AI models to more specific document contexts, ABBYY IDP helps organizations benefit from LLMs without consequences in efficiency or accuracy associated with generative AI.
- “We are augmenting our products and solutions with this transformational technology, building on decades of experience developing document-focused AI.
- Gartner featured ABBYY in five 2023 Hype Cycle reports including Customer Service and Support Technologies, IT Management Intelligence, Autonomous Accounting, ERP, and Revenue and Sales Technology.
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Thursday, December 14, 2023
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Citrix Systems ABBYY, a market leader in purpose-built AI for intelligent automation, has announced the appointment of Patrick Jean “PJ” as Chief Product & Technology Officer (CPO/CTO) and a member of the executive management team.
Key Points:
- ABBYY, a market leader in purpose-built AI for intelligent automation, has announced the appointment of Patrick Jean “PJ” as Chief Product & Technology Officer (CPO/CTO) and a member of the executive management team.
- He will lead global product and technology teams with a primary focus on accelerating time-to-market for ABBYY’s intelligent document processing and process intelligence solutions to deliver measurable value to global enterprise customers faster.
- View the full release here: https://www.businesswire.com/news/home/20231214113383/en/
PJ is appointed Chief Product & Technology Officer at ABBYY.
- I look forward to delivering high impact value to our customers.”
For more information about ABBYY intelligent automation solutions, visit www.abbyy.com .
Retrieved on:
Tuesday, October 31, 2023
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ABBYY ABBYY, a leader in AI-powered intelligent automation, has appointed Brian Unruh as Chief Financial Officer (CFO) and a member of the executive management team.
Key Points:
- ABBYY, a leader in AI-powered intelligent automation, has appointed Brian Unruh as Chief Financial Officer (CFO) and a member of the executive management team.
- His decisive and goal-oriented approach has consistently resulted in double-digit recurring revenue growth, go-to-market readiness, and strong returns on investment.
- View the full release here: https://www.businesswire.com/news/home/20231031310629/en/
ABBYY Appoints Brian Unruh to Chief Financial Officer to Drive Revenue Growth and Value to Customers.
- (Photo: Business Wire)
“Brian’s extensive experience and leadership is a great addition to the ABBYY executive management team,” commented Ulf Persson, Chief Executive Officer at ABBYY.
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Wednesday, September 20, 2023
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Retail The economy may have had a downward impact on enterprise investments, but these increased exponentially when implementing AI, according to 82% of IT executives taking part in the latest State of Intelligent Automation Report: Impact of the Economy on AI Priorities, commissioned by ABBYY.
Key Points:
- The economy may have had a downward impact on enterprise investments, but these increased exponentially when implementing AI, according to 82% of IT executives taking part in the latest State of Intelligent Automation Report: Impact of the Economy on AI Priorities, commissioned by ABBYY.
- View the full release here: https://www.businesswire.com/news/home/20230920780108/en/
IT leaders report a significant impact to customer value, employees’ well-being, and 2X return on enterprises’ AI investments according to ABBYY's State of Intelligent Automation Report: Impact of the Economy on AI Priorities.
- “IT executives are gaining powerful value from their AI investments,” stated Gabrielle Lukianchuk, Chief Marketing Officer, at ABBYY.
- The survey also revealed that mid to large enterprises are placing the greatest investments in AI to enable intelligent automation.
Retrieved on:
Thursday, September 7, 2023
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ABBYY ABBYY, the leader in intelligent automation, joins the Arsenal family becoming the Official Intelligent Automation Partner of Arsenal Women .
Key Points:
- ABBYY, the leader in intelligent automation, joins the Arsenal family becoming the Official Intelligent Automation Partner of Arsenal Women .
- View the full release here: https://www.businesswire.com/news/home/20230907238433/en/
Ulf Persson, CEO of ABBYY (left) and Juliet Slot, Arsenal’s Chief Commercial Officer (right) announce ABBYY as the Official Intelligent Automation Partner of Arsenal Women.
- As the Official Intelligent Automation Partner of Arsenal Women, ABBYY will continue to work together with Arsenal to implement AI solutions across the club to streamline and optimize tasks such as document processing.
- Juliet Slot, Arsenal’s Chief Commercial Officer, commented: “We're delighted to announce ABBYY as the latest partner of Arsenal Women.
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Tutoring Industry leaders in intelligent automation are joining forces to dedicate September as Intelligent Automation Month .
Key Points:
- Industry leaders in intelligent automation are joining forces to dedicate September as Intelligent Automation Month .
- Intelligent Automation Month will also feature perspectives by industry advocates including FormTran, MCCi, Pipefy, Reveal Group, and User Friendly Consulting exploring uses of intelligent automation across government, healthcare, and other verticals.
- “The intelligent automation ecosystem is brimming with forward-thinking innovators who help businesses work smarter and provide more impactful customer experiences,” said Gabrielle Lukianchuk, Chief Marketing Officer at ABBYY.
- We’re excited to spearhead Intelligent Automation Month in collaboration with other automation leaders who are elevating enterprises to the next level of operational efficiency.”
To learn more about Intelligent Automation Month, register for the digital events and receive the latest resources, visit https://digital.abbyy.com/intelligent-automation-month .
