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Datamatics, a global Digital Solutions, Technology, and BPM company, today announced that it is recognized in Gartner Hype Cycle for Natural Language Technologies, 2021 under Text Summarization and Intelligent Document Processing (IDP). This report is authored by analysts Bern Elliot, Anthony Mullen, Adrian Lee, and Stephen Emmott.

This marks the second year in a row that Datamatics has been named in this Hype Cycle research for Text Summarization and the first time for Intelligent Document Processing (IDP). According to the report, "Recent advances in artificial intelligence and machine learning have enabled innovative approaches and advances in the field of natural language technologies. This report will assist IT leaders in assessing how and where these new opportunities and methods can best be applied."

Datamatics has its own platform TruAI which is a comprehensive Artificial Intelligence and Cognitive Sciences solution that helps enterprises leverage use cases related to pattern detection, text & data mining. It allows enterprises to extract intelligence from high volumes of data, including structured, unstructured, and multi-structured data from diverse sources.

Datamatics TruCap+ is an AI-enabled Intelligent Document Processing (IDP) product that allows enterprises to realize faster time-to-value and achieve greater Straight-Through Processing (STP) with accuracy.

Commenting on the inclusion, Mr. Mitul Mehta, Senior Vice President - Marketing and Communications, Datamatics, said, "80% of an enterprise data is structured and semi-structured. Using AI/ML models, Datamatics TruAI and TruCap+ IDP enbles enterprises to automate data extraction with high accuracy and ingest it into downstream systems. This enables enterprises to achieve process automation at scale. We are happy to be recognized in the Gartner Hype Cycle for Natural Language Technologies, 2021. I believe this inclusion is a milestone in our journey to a true automation world."

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 333.45 as compared to the previous close of Rs. 315.5. The total number of shares traded during the day was 388440 in over 7797 trades.

The stock hit an intraday high of Rs. 347.05 and intraday low of 321. The net turnover during the day was Rs. 132684431.

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Datamatics recognized in the Gartner Hype Cycle for Natural Language Technologies, 2021 - Equity Bulls