AUSTIN, Texas–(BUSINESS WIRE)–#AI–ABBYY has established AI Labs across the United States, Hungary and India to accelerate development of purpose-built AI for intelligent document processing and process automation. The teams of innovators are creating transformative solutions that redefine industry standards for reliable AI and enterprise security and compliance, capitalizing on new market possibilities driven by agentic AI and the need for more developer-friendly experiences.
Sanjay Nichani, Vice President, AI & Computer Vision who leads the ABBYY AI Labs reporting to Patrick “PJ” Jean, CTO/CPO of ABBYY, commented, “Our proprietary datasets, AI platform and model research and development combined with our deep domain knowledge create foundational intellectual property that will significantly enhance our core solutions and enable expansion into adjacent enterprise applications. We’re building upon decades of leadership in OCR, machine learning, computer vision, and natural language processing, while extending innovations in AI with our industry expertise. This integrated approach powers next-generation multimodal models to deliver more robust, consistent outcomes that transform business processes.”
IDC estimates that the intelligent process automation market (IPA) will reach $102 billion by 20281 with OCR and intelligent document processing (IDP) being the fastest growing segments. The new document AI and process intelligence technologies and solutions coming out of the ABBYY AI Labs will enable the company to maintain its leadership position and aggressively compete in the IPA market with new solutions expected to be released during the second and third quarters of 2025.
Furthermore, a recent SlashData survey concluded that more than half of developers who use AI (53%) are using it to add AI functionality to applications through third-party APIs and open-source models, or to create AI models by using data to customize, build, train, or fine-tune AI models2.
“The developer experience is a crucial aspect of our product strategy,” added Nick Hyatt, Vice President, Engineering R&D, reporting to PJ. “The underlying IP and technology Sanjay is building from the AI Labs is the future to improving how businesses can leverage AI and LLMs within their organization to fast-track new applications and capabilities. Our teams look forward to making next-generation ABBYY AI easier to consume with modern APIs and developer tools.”
Concluded PJ, “All too often we hear from customers that they are missing ROI targets and needing to adjust expectations due to hallucinations, unpredictability, and costly models. Our focus at the AI Labs is predictability, compliance, and effectiveness, making it easier for developers to consume document AI and deliver value to their organizations faster.”
For more information about how ABBYY helps organizations get more value from AI, register to attend an upcoming ABBYY AI Summit in Vienna, Austin or London. For exciting career opportunities, look at open roles at ABBYY.
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.
1 IDC, Worldwide Intelligent Document Processing Market Shares, 2023, 2024/08
2 SlashData, Developer Nation Survey, Oct. 29, 2024
Contacts
ABBYY Editorial Contacts:
Gina Ray, APR
Senior Director of Corporate Marketing
949-370-0941
[email protected]
