Infrrd's Recognition as ‘IDP Innovator of the Year’ by Deep Analysis: A Look at the Best OCR & IDP Software

Infrrd has been awarded the IDP Innovator of the Year by Deep Analysis. This recognition highlights Infrrd’s continued commitment to pushing the boundaries of innovation and delivering cutting-edge solutions for document automation.

Each year, Deep Analysis—a leading research and advisory firm specializing in AI and automation—reviews hundreds of Best Intelligent Document Processing vendors, cutting through marketing buzzwords to spotlight true innovation. In their latest report, Infrrd stood out among intense competition to earn this prestigious title.

The award was announced in Deep Analysis’s latest report, "Intelligent Document Processing Market Analysis 2025–2028: IDP at the Crossroads." The report offers a comprehensive look at the evolution of Intelligent Document Processing (IDP), covering the industry’s progress through the four waves of development and providing an in-depth analysis of how IDP is advancing with AI.

Top IDP software now goes far beyond traditional OCR. It can read, understand, and extract data from documents using machine learning, natural language processing, large language models (LLMs), and generative AI (GenAI). Today, IDP is used across various tasks—from complex back-office claims processing to individual productivity use cases.

The report highlights three major trends reshaping IDP or Document Data Extraction:

AI Agents – Intelligent tools that automate decision-making and routine document tasks like fraud detection, underwriting recommendations, or data entry.
Generative AI [LLMs] – The best LLMs for data extraction are now adopted by 86% of IDP vendors, enabling data extraction and summarization without prior training.
IDP Everywhere – With tools like Microsoft Copilot, IDP functionality is being embedded directly into everyday apps and operating systems.