Data Extraction Tool

Most online and offline data sources (e.g. documents, web pages) are not immediately processable by machines. Data extraction software enables companies to extract data out of these sources.

To be categorized as a data extraction software, a product must be able to automatically extract data from various types of unstructured and semi structured data sources.

Popularity
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Compare Data Extraction Tools
Results: 74

AIMultiple is data driven. Evaluate 74 products based on comprehensive, transparent and objective AIMultiple scores. For any of our scores, click the icon to learn how it is calculated based on objective data.

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= Rating
= 1 Review
= 10 Employees
= 10,000 Branded Queries
36.06047146799086
45.03613780477251
0.0578794506081797
47.90874771258053
0.005952380952380952
27.084805131209208
5star
Hypatos
Rating
4.78
Reviews
100%
Employees
61%
Popularity
100%

Hypatos offers deep learning skills to automate document-based back office tasks to improve work and make organisations more efficient. The largest consumers of financial data including global manufacturing and retail leaders, the Big 4 and other Fortune 500 and technology companies rely on us. Hypatos outperforms industry standards by >10x and focuses on automation beyond data capture. Hypatos provides an enterprise grade automation module with on-prem, cloud deployment options and integrations to enterprise systems.

60.58756313014117
94.03568756418156
1.189188647321625
100
0.0003968253968253968
27.139438696100783
top10
5star
Docparser
Rating
4.74
Reviews
100%
Employees
4%
Popularity
100%

Extract data from PDF files & automate your workflow with our reliable document parsing software.

54.43749847438948
79.91970453423359
1.189188647321625
84.98199627006548
0.031746031746031744
28.95529241454537
top10
4star
Datawatch Monarch
Rating
4.40
Reviews
100%
Employees
100%
Popularity
100%

Monarch is desktop-based, self-service data preparation, offering the easiest way to access, clean, prepare and blend any data - including PDFs and semi-structured text files. Accelerate your reporting and analytics with easy, powerful data prep.

43.10605112485167
53.41765457515103
0.09459465820375536
56.823373933308176
0.02817460317460317
32.7944476745523
5star
Ephesoft Transact
Rating
4.60
Reviews
100%
Employees
100%
Popularity
100%

Leave manual data entry & sorting behind with Ephesoft Transact, our intelligent enterprise data classification & document capture software.

41.55425682565862
56.89790867794749
0.013513187219140197
60.52924614635001
0.0003968253968253968
26.210604973369744
5star
Parseur.com
Rating
4.90
Reviews
100%
Employees
4%
Popularity
23%

The #1 email parser software. Automatically extract text from emails and documents.

40.62130360407976
54.857058405350514
0.5270272137302247
58.3285182050512
0.4146825396825397
26.38554880280901
top10
4star
Kofax Capture
Rating
4.20
Reviews
100%
Employees
100%
Popularity
100%

Accelerate business processes with advanced capture that transforms all types of documents into actionable information that's delivered into core systems.

39.24856523884377
51.32102761814548
0.6486482463722604
51.38464699016416
100
27.17610285954205
top5 , top10
4star
IBM Datacap
Rating
3.70
Reviews
100%
Employees
100%
Popularity
100%

IBM® Datacap helps you streamline the capture, recognition and classification of business documents and extract important information.

37.99673143678061
49.93111296504788
0.013513187219140197
53.11750172026633
0.008531746031746033
26.06234990851333
true
4star
ReportMiner Free trial available
Rating
4.30
Reviews
100%
Employees
87%
Popularity
23%

Automation with ReportMiner starts from the first point of contact, when data is being imported for extraction.

36.86334869593698
45.09530044859604
0.09459465820375536
47.97059725358909
0.0033730158730158727
28.63139694327792
4star
ABBYY FineScanner
Rating
4.10
Reviews
100%
Employees
34%
Popularity
100%

ABBYY TextGrabber. Create PDF and JPEG files and apply OCR to recognize texts in 193 languages

36.62200640896727
45.82982291603194
0.2837839746112661
48.74061536639645
0.17103174603174603
27.414189901902585
top10
4star
FlexiCapture
Rating
4.30
Reviews
100%
Employees
100%
Popularity
100%

ABBYY FlexiCapture is a scalable data capture solution with Content Intelligence technology for automated document processing.

Market Presence Metrics

Popularity

Searches with brand name

These are the number of queries on search engines which include the brand name of the product. Compared to other product based solutions, Data Extraction Tool is more concentrated in terms of top 3 companies' share of search queries. Top 3 companies receive 90%, 18% more than the average of search queries in this area.

Web Traffic

Data Extraction Tool is a highly concentrated solution category in terms of web traffic. Top 3 companies receive 88% (15% more than average solution category) of the online visitors on data extraction tool company websites.

Satisfaction

Data Extraction Tool is less concentrated than the average in terms of user reviews. Top 3 companies receive 55% (this is 4% for the average solution category) of the reviews in the market. Product satisfaction tends to be higher for more popular data extraction tool products. Average rating for top 3 products is 4.7 vs 4.3 for average data extraction tool product review.

Maturity

IBM
Amazon Web Services (AWS)
OpenText
Nuance
datamatics

Number of Employees

41 employees work for a typical company in this category which is 11 less than the number of employees for a typical company in the average solution category.

In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 49 companies (1 more than average solution category) with >10 employees are offering data extraction tool. Top 3 products are developed by companies with a total of 101-500 employees. However, all of these top 3 companies have multiple products so only a portion of this workforce is actually working on these top 3 products.

Insights

Top Words Describing Data Extraction Tools

This data is collected from customer reviews for all data extraction tools companies. The most positive word describing data extraction tools is "ease of use" that is used in 4% of the reviews. The most negative one is difficult with being used in 9% of all data extraction tools the reviews.

difficult
9%
ease of use
4%
learning curve
3%
works well
2%
fully integrated
1%
keep track
1%
Positive
Overall
Negative

Customer Evaluation

These scores are the average scores collected from customer reviews for all Data Extraction Tools companies. Compared to median scores of all solution categories, Data Extraction Tools comes forward with Features but falls behind in Value for Money.

Customers by

Industry

According to customer reviews, top 3 industries using Data Extraction Tools solutions are Information Technology and Services, Accounting and Financial Services. Top 3 industries consitute 24% of all customers. Top 3 industries that use any solution categories are Computer Software, Information Technology and Services and Marketing and Advertising.

Company Size

According to customer reviews, most common company size is 1-10 employees with a share of 21%. The median share this company size is 20%. The most common company size that uses any solution category is employees.

Vendors by

HQ

Learn More About Data Extraction Tool

How is document capture software different than OCR?

While Optical Character recognition (OCR) technology captures all text in images and files, document capture goes one step further and converts text into structured data. Examples of structured data in images and documents include key value pairs (e.g. bank account numbers, customer names in invoices) and tables

What is document capture software?

Document capture software specialize in extracting data out of unstructured data.

There are 3 types of data: Structured, semi-structured and unstructured:

  • Structured data forms 5-10% of all data. It is in tabular form and is processable without errors by machines. Structured data include most excel tables, data in SQL databases, XML or JSON files that follow strict structure requirements
  • Semi-structured data forms 5-10% of all data. It is not in tabular form but still has a structure though this structure is not explicitly declared and not followed 100% of the time. Semi-structured data can be processed with low error rates but achieving zero errors is challenging. Semi-structured data include invoice slips, most PDF forms, XML or JSON files which do not follow strict structure requirements
  • Unstructured data forms ~80% of all data. It includes free text and images that do not follow any explicit structure. It is challenging to extract structured data out of these documents with low error rates. If unstructured data is actually found to follow a structure and that structure is identified, it can be correctly categorized as semi/structured data based on the strictness by which the identified structure is followed throughout the document.

What is the error rate?

Error rate in data extraction can be measured in a few ways but not every error has the same cost. Imagine making an incorrect payment because your data extractor made an incorrect character reading with high confidence. This is a costly error. However, failing to read a character and flagging it as unreadable is a less costly issue. Therefore it is important to focus on cases where data extraction tools make extraction errors while claiming a high level of confidence. These should be minimized.