Vaccination distribution have expanded key markets, driving company performance
With a focus on automation and intelligent business processes, ABBYY has over 400 patents and patent applications, becoming a global leader in intelligent document processing. Amid the COVID-19 (coronavirus) pandemic, the company benefited from a rise in remote work, with key business markets increasing investment in business processes, such as ABBYY’s digital intelligence solutions. Additionally, digital intelligence software has been used during the pandemic to track vaccination records due to its large scale at a federal level with both digital and physical sources.
COVID|Labor|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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