Newgen Software, a leading provider of a unified digital transformation platform, has earned a significant industry recognition. The company has been featured in a prominent independent research firm's landscape analysis of the document mining and analytics platforms market.
Spotlight on Key Capabilities
The recognition comes from Forrester Research's "Now Tech: Document Mining And Analytics Platforms, Q1 2024" report. This report serves as a guide for business and technology professionals, helping them understand the value and capabilities of various vendors in this space. Newgen's inclusion is based on a detailed evaluation of its offerings.
Forrester's Now Tech reports segment vendors by market presence and functional focus. Newgen was recognized for its intelligent document processing (IDP) solutions. These solutions are a core part of Newgen's low-code platform, which is designed to manage content, processes, and communication seamlessly.
Driving Business Efficiency with Advanced Technology
Newgen's platform leverages cutting-edge technologies like artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and business process management (BPM). This powerful combination allows organizations to automate complex, document-intensive workflows. The platform can extract, classify, and validate data from a wide array of document types, transforming unstructured information into actionable business data.
Diwakar Nigam, the Founder and Managing Director of Newgen Software, commented on this achievement. He stated that being recognized by a top-tier analyst firm like Forrester validates the company's commitment to innovation. He emphasized that their AI-powered document processing solutions are crucial for helping businesses achieve greater operational efficiency, reduce manual errors, and accelerate decision-making processes.
Implications for the Market and Clients
This recognition solidifies Newgen's position as a competitive player in the rapidly growing document mining and analytics sector. For potential clients, it provides an independent validation of the platform's robustness. The report aids organizations in selecting a vendor that aligns with their specific needs for digital transformation, particularly in automating back-office operations in sectors like banking, insurance, and healthcare.
The inclusion in the Forrester report is expected to bolster Newgen's market credibility and visibility among global enterprises seeking to modernize their document-driven processes. It underscores the strategic importance of intelligent automation in today's business landscape and highlights Newgen as a provider capable of delivering enterprise-grade solutions.
