OpenText Named a Leader in Document Mining and Analytics Platforms Report

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OpenTextTm (NASDAQ: OTEX), (TSX: OTEX), the information company, today announced that OpenTextTm IDOLTm has been named a Leader in The Forrester WaveTm: Document Mining and Analytics Platforms, Q2 2024.

In their recently published vendor evaluation, Forrester analyzed 14 document mining and analytics providers, using a 25-criterion evaluation to score them. The Forrester report states, “OpenText is equipped to handle any and all document mining and analytics tasks,” also 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 evaluation recognized OpenText’s foundational AI capabilities within IDOL with the highest score in the current offering category, which includes criteria such as accuracy verification, complex forms and images, security and regulatory compliance, and document-level text mining/NLP. Within the report, Forrester noted that “IDOL stands out as a clear top option for existing OpenText customers and large enterprises with complex document mining and analytics use cases.”

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