KEY TAKEAWAYS Global IDP spending exceeded USD 8 billion in 2024, up ~14.5% YoY, driven by process digitalisation, GenAI-enabled classification and extraction, and rising demand for end-to-end automation. Forecast: Infosource projects a ~16% CAGR for 2025–2029, with acceleration in the latter half as domain-tuned models scale and agentic automation moves
By Petra Beck, Senior Analyst Software Practice at Infosource The rise of generative AI (GenAI) has marked a transformative era in digital innovation. Over the past few years, GenAI-based intelligent document processing (IDP) solutions have evolved from experimental projects to critical components of business strategies enhancing operational efficiency and customer
St. Louis, MO and Nashville, TN – Aug. 20, 2025 — KnowledgeLake, an AI‑powered enterprise workflow automation platform, and growth equity firm Edison Partners announced a majority growth investment of $65 million. KnowledgeLake management and existing shareholders also participated. Kevin Herr, long‑time COO and CFO, has been named CEO, succeeding Ron Cameron, who
Introduction The recent AI+IM Global Summit, held from March 31st to April 2nd in Atlanta, offered a workshop focusing on the pathway to Intelligent Document Processing (IDP) and AI-powered automation. Authored by Petra Beck, Senior Industry Analyst at Infosource Software Practice and Nina Carter, President of Information Professionals, the workshop
April 2025 By Ralph Gammon, Senior Analyst, Infosource Capture & IDP SW On April 2, which was promoted by U.S. President Donald Trump
By Eirini Louizou, Head of Production and Industrial Printing at Infosource 26 February 2025: As we enter 2025, the Production & Industrial (P&I) printing industry (Large Format Printing (LFP), Digital Color Press (DCP), and Direct-to-Garment (DTG)) is on the brink of transformation, driven by sociopolitical shifts, technological advancements, and evolving
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