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OpenText Named a Chief in Doc Mining and Analytics Platforms Report By Investing.com

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WATERLOO, Ontario, Could 31, 2024 /PRNewswire/ — OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the knowledge firm, right this moment introduced that OpenText™ IDOL™ has been named a Chief in The Forrester Wave™: Doc Mining and Analytics Platforms, Q2 2024.

Of their just lately printed vendor analysis, Forrester analyzed 14 doc mining and analytics suppliers, utilizing a 25-criterion analysis to attain them. The Forrester report states, “OpenText is provided to deal with any and all doc mining and analytics duties,” additionally noting, “It’s close to impossible to find any gaps in IDOL’s capabilities to mine information from documents, text, and any form of rich media.”

Forrester’s analysis acknowledged OpenText’s foundational AI capabilities inside IDOL with the best rating within the present providing class, which incorporates standards corresponding to accuracy verification, complicated types and pictures, safety and regulatory compliance, and document-level textual content mining/NLP. Throughout the report, Forrester famous that “IDOL stands out as a clear top option for existing OpenText customers and large enterprises with complex document mining and analytics use cases.”

“In the face of exponentially growing data volumes, managing and leveraging information poses significant challenges, especially for large enterprises grappling with diverse content generation and organizational methods. OpenText IDOL rises to this challenge, offering AI-powered solutions tailored to streamline data management,” mentioned Muhi Majzoub, Chief Product Officer, OpenText. “Our recognition as a leader, underscores for us our unwavering dedication to pioneering and investing in AI-powered solutions like the IDOL platform. We strive to empower our customers to not only harness the wealth of the data and information at their disposal today, but also to future-proof their businesses for tomorrow.”

Obtain a complimentary copy of the Forrester Wave report back to be taught extra about why Forrester acknowledges OpenText as a pacesetter.

For extra on OpenText’s IDOL options, please go to: https://www.opentext.com/merchandise/idol-unstructured-data-analytics

About OpenText

OpenText, The Data Firm™, permits organizations to achieve perception via market main data administration options, powered by OpenText Cloud Editions. For extra details about OpenText (NASDAQ: OTEX, TSX: OTEX) go to opentext.com

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Sure statements on this press launch could comprise phrases thought-about forward-looking statements or data underneath relevant securities legal guidelines. These statements are primarily based on OpenText’s present expectations, estimates, forecasts and projections in regards to the working surroundings, economies and markets through which the corporate operates. These statements are topic to necessary assumptions, dangers and uncertainties which are tough to foretell, and the precise consequence could also be materially completely different. OpenText’s assumptions, though thought-about cheap by the corporate on the date of this press launch, could show to be inaccurate and consequently its precise outcomes may differ materially from the expectations set out herein. For extra data with respect to dangers and different components which may happen, see OpenText’s Annual Report on Type 10-Okay, Quarterly Stories on Type 10-Q and different securities filings with the SEC and different securities regulators. Readers are cautioned to not place undue reliance upon any such forward-looking statements, which communicate solely as of the date made. Except in any other case required by relevant securities legal guidelines, OpenText disclaims any intention or obligations to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Additional, readers ought to notice that we could announce data utilizing our web site, press releases, securities regulation filings, public convention calls, webcasts and the social media channels recognized on the Traders part of our web site (https://buyers.opentext.com). Such social media channels could embody the Firm’s or our CEO’s weblog, Twitter account or LinkedIn account. The data posted via such channels could also be materials. Accordingly, readers ought to monitor such channels along with our different types of communication.

OTEX-G

Copyright © 2024 OpenText. All Rights Reserved. Emblems owned by OpenText. A number of patents could cowl this product(s). For extra data, please go to https://www.opentext.com/patents.

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