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ABBYY’s Redesigned Marketplace Meets Growing Demand for Higher Quality Data to Fuel Effective LLMs and RAG Integration

May 15, 2024
abbyy-redesigned-marketplace-preview
Extensive library of AI document skills eases deployment, accelerates time-to-value, and also assists in leveraging retrieval-augmented generation (RAG) with ABBYY Vantage

ABBYY is meeting businesses’ demand for the high-quality data required for fueling effective use of large language models (LLMs) with its redesigned marketplace of AI document skills. With contributions from ABBYY and its robust network of global partners, the ABBYY Marketplace is an online library of purpose-built AI assets used to extend the capabilities of ABBYY Vantage, its low-code intelligent document processing (IDP) platform for highly accurate and efficient extraction of data from documents.

Furthermore, ABBYY Marketplace assists users of retrieval-augmented generation (RAG) systems with skills that serve as instruction manuals for AI models, helping them reference specified data in their knowledgebase rather than generating their own responses that could be vulnerable to hallucinations.

Retrieval-augmented generation is making enterprise adoption of generative AI more feasible and practical by augmenting LLMs with enterprise data. Integrating IDP with LLMs and generative AI optimizes results by enabling more reliable outputs that are aware of organizations' specific contexts. Using pre-trained models like those in the ABBYY Marketplace empower businesses and developers to harness GenAI’s capabilities without extensive in-house development efforts.

Amy Machado, Senior Research Manager at IDC

The redesigned Marketplace helps accelerate the conversion of company knowledge to structured and highly accurate formats. This caters to enterprise innovation leaders, developers and partners who want as much flexibility, efficiency, and accuracy as possible to quickly deploy pre-built solutions for their specific business use cases out of the box.

Bruce Orcutt, Chief Marketing Officer at ABBYY

The Marketplace offers a substantial library of pre-trained AI models and solutions to enable efficient, accurate processing of any document type, as well as connectors to integrate with third-party intelligent automation or line-of-business (LOB) platforms. From invoices and contracts to waybills and loan documents, ABBYY AI skills automate document-centric processes across high-value use cases such as accounts payable, customer onboarding, claims processing, and more. Assets will also be contributed by ABBYY partners and other third-party developers to further increase the diversity of Marketplace offerings and expand the potential for integration with additional platforms. With a newly streamlined interface and plans for direct integration into Vantage, the redesigned Marketplace accelerates time-to-value for ABBYY Vantage users.

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