ABBYY Leads in QKS Group’s Intelligent Document Processing SPARK Matrix™ for Fourth Consecutive Year

AUSTIN, Texas--(BUSINESS WIRE)--Dec 3, 2024--

ABBYY intelligent document processing (IDP) continues its reign as a market leader in QKS Group SPARK Matrix evaluation for the fourth consecutive year while also taking the #1 position in Technology Excellence. ABBYY is credited for taking an innovative approach to IDP with its ABBYY Vantage platform merging “cutting-edge Purpose-Build AI technologies with user-friendly interfaces to address the complex document processing requirements of businesses and organizations globally.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203139784/en/

The report highlights ABBYY's commitment to innovation and its strong market presence, positioning the company as a compelling choice for businesses seeking to optimize document-focused operations through intelligent automation. ABBYY empowers global organizations with significant improvements in operational efficiency by making document data readily available for business systems and decision-making. With robust capabilities enabling and incorporating Generative AI and Agentic AI technologies, extensive industry expertise, and forward-looking strategies, ABBYY is recognized as well-equipped to sustain its leadership in the rapidly evolving IDP space.

“ABBYY Vantage offers a powerful solution for enterprises by providing deep insights into document content with AI-driven precision,” said Anoch Mane, an Analyst at QKS Group. “The platform’s advanced NLP and ML capabilities, combined with its no-code approach, make it highly adaptable to complex document processing needs, particularly in sectors like finance, insurance, and healthcare. ABBYY’s ability to integrate with existing enterprise systems, coupled with its user-friendly design, positions it as a critical tool for organizations focused on improving operational efficiency and customer experiences.”

“ABBYY AI is proven to deliver measurable value for enterprises needing to gain valuable information from their documents,” commented Bruce Orcutt, Chief Marketing Officer at ABBYY. ‘We’re proud of being recognized as a leader in the latest QKS Group SPARK Matrix and many other analyst evaluations. The latest AI capabilities recently introduced via our Phoenix multimodal model and growing catalog of document skills in the ABBYY Marketplace will further advance our leadership in the market and provide our customers with more powerful intelligent automation.”

Download the QKS Group SPARK Matrix: Intelligent Document Processing Q3, 2024 Vendor Exclusive report to learn more about the IDP market and ABBYY at https://www.abbyy.com/resources/report/abbyy-quadrant-knowledge-solutions-idp-leader-2024/.

About ABBYY

ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Austin, Texas and offices in 13 countries, and is the Official Intelligent Automation Partner of Arsenal Women Football Club. For more information, visit www.abbyy.com/company and follow us on LinkedIn, Twitter, Facebook, and Instagram.

ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners.

ABBYY is recognized as a leader in Quadrant Knowledge Solutions Intelligent Document Processing SPARK Matrix™ for 4th consecutive year. (Graphic: Business Wire)

Authorities fear a grandmother who disappeared while looking for her cat may have been swallowed up by a sinkhole that recently opened up in a western Pennsylvania village.

Crews lowered a pole camera with a sensitive listening device into the hole in Marguerite on Tuesday morning but detected nothing. A second camera lowered into the hole showed what could be a shoe.

The family of Elizabeth Pollard, 64, called police at about 1 a.m. Tuesday to say she had not been seen since going out Monday evening to search for Pepper, her cat.

Police said they found Pollard's car parked near Monday's Union Restaurant in Marguerite, about 40 miles (65 kilometers) east of Pittsburgh. Pollard's 5-year-old granddaughter was found safe inside the car.

The manhole-sized opening had not been seen by hunters and restaurant workers who were in the area in the hours before Pollard's disappearance, leading rescuers to speculate the sinkhole was new.

“We are pretty confident we are in the right place. We’re hoping there is still a void she could be in,” Pleasant Valley Volunteer Fire Company Chief John Bacha told Triblive.

Dozens of firefighters on the scene used an excavator, ladders and hoses to remove material from around the edges and inside the sinkhole as they searched for Pollard. The opening of the sinkhole, originally about the size of a utility access hole cover, had grown to about the size of a small backyard swimming pool by Tuesday evening

A Pennsylvania State Police spokesperson, Trooper Steve Limani, said the shoe was about 30 feet (9 meters) below the surface.

“It almost feels like it opened up with her standing on top of it,” Limani said.

Pollard lives in a small neighborhood across the street from where her car and granddaughter were located, Limani said.

The young girl “nodded off in the car and woke up. Grandma never came back," Limani said. The child stayed in the car until two troopers rescued her. It's not clear what happened to Pepper.

Police said sinkholes, which are depressions in the ground, occur in the area because of subsidence from coal mining activity. Sinkholes are fairly common due to collapsed caves, old mines or dissolving material, Paul Santi, a professor of geological engineering at the Colorado School of Mines, said earlier this year.

A team from the Pennsylvania Department of Environmental Protection, which responded to the scene, concluded the underground void is likely the result of work in the Marguerite Mine, last operated by the H.C. Frick Coke Company in 1952. The Pittsburgh coal seam is about 20 feet (6 meters) below the surface in that area.

Department of Environmental Protection spokesperson Neil Shader said the state’s Bureau of Abandoned Mine Reclamation will examine the scene after the search is over to see if the sinkhole was indeed caused by mine subsidence.

Gene Pushkar contributed to this story from the scene.

Rescue workers search in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, in Marguerite, Pa., Tuesday, Dec. 3, 2024. (AP Photo/Gene J. Puskar)

Rescue workers search in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, in Marguerite, Pa., Tuesday, Dec. 3, 2024. (AP Photo/Gene J. Puskar)

Rescue workers search in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, in Marguerite, Pa., Tuesday, Dec. 3, 2024. (AP Photo/Gene J. Puskar)

Rescue workers search in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, in Marguerite, Pa., Tuesday, Dec. 3, 2024. (AP Photo/Gene J. Puskar)

Rescue workers search in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, in Marguerite, Pa., Tuesday, Dec. 3, 2024. (AP Photo/Gene J. Puskar)

This Tuesday, Dec. 3, 2024. image provided by the Pennsylvania State Police shows the top of a sinkhole in the village of Marguerite, Pa., where rescuers were searching for a woman who disappeared. (Pennsylvania State Police via AP)