Posts Tagged ‘Saffron Technology’

Saffron 10 Cognitive Computing Platform Delivers Anticipatory Thinking

gayleSaffron 10, a major upgrade to Saffron Technology’s cognitive computing platform, debuts today, with new machine learning algorithms that support anticipating outcomes based on patterns found in large amounts of data. (You can read more about the platform and Saffron’s Associative MemoryBase here as well as in this article at our Dataversity sister site.)

One of the new machine learning algorithms is Saffron Universal Cognitive Distance, which the company says is the first non-linear, non-parametric similarity computation for making sense of massive amounts of data without requiring businesses to pre-model the data. The other is Saffron Mutual Information, which the vendor says addresses “sparse data” challenges by making it possible to perform classification with high accuracy on high-dimensional data (with tens of thousands of features).

CEO Gayle Sheppard explains that the focus is on looking for the signals that really matter from the noise of Big Data, as companies “merge outside-in intelligence with inside-out intelligence, increasing the amount of data now available for decision making.” With the new algorithms, the associations the Saffron platform makes among people, places and things data — counting an entity’s frequency and the contexts in which one thing is associated with something else — extends to discovering patterns to anticipate what happens next.

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Combining Connectivity with Cognitive Computing

Photo of David LoshinA recent report from David Loshin states, “As our world becomes more attuned to the generation, and more importantly, the use of massive amounts of data, information technology (IT) professionals are increasingly looking to new technologies to help focus on deriving value from the velocity of data streaming from a wide variety of data sources. The breadth of the internet and its connective capabilities has enabled the evolution of the internet of things (IoT), a dynamic ecosystem that facilitates the exchange of information among a cohort of devices organized to meet specific business needs. It does this through a growing, yet intricate interconnection of uniquely identifiable computing resources, using the internet’s infrastructure and employing internet protocols. Extending beyond the traditional system-to-system networks, these connected devices span the architectural palette, from traditional computing systems, to specialty embedded computer modules, down to tiny micro-sensors with mobile-networking capabilities.”

Loshin added, “In this paper, geared to the needs of the C-suite, we’ll explore the future of predictive analytics by looking at some potential use cases in which multiple data sets from different types of devices contribute to evolving models that provide value and benefits to hierarchies of vested stakeholders. We’ll also introduce the concept of the “insightful fog,” in which storage models and computing demands are distributed among interconnected devices, facilitating business discoveries that influence improved operations and decisions. We’ll then summarize the key aspects of the intelligent systems that would be able to deliver on the promise of this vision.”

The full report, “How IT can blend massive connectivity with cognitive computing to enable insights” is available for download for a fee.

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Take Cognitive Computing To The Masses

ianCognitive computing vendor Saffron Technology is thinking about how to bring cognitive computing to the masses. Chief product officer Ian Hersey mentioned in this Dataversity article – which describes Saffron’s take on cognitive computing – the desire to “democratize” the technology. How?

“One thing we see at Saffron is getting this technology out through various partnerships,” Hersey says. “But we need to make the technology approachable, and in the early market the key is to build some apps around it that will make this technology very easy to use and solve particular business problems at hand in a way they weren’t solved before.”

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Saffron Technology Raises $7 million in Series B funding

Saffron Technology LogoCary, NC, March 20, 2014 – Saffron Technology, a cognitive systems company helping Fortune 1000 businesses understand the value of transforming disconnected data into actionable knowledge, today announced that it has closed a $7 million Series B investment round. Funds are earmarked to accelerate business growth, including opening new global headquarters in Silicon Valley.

“Data becomes infinitely more powerful when you tie together its meaning from a multiplicity of disparate sources. Our patented Natural Intelligence Platform unifies all kinds of data – structured and unstructured – in real time, from a large variety of sources and continuously learns about the things in the data without the need for pre-determined rules or models,” said Gayle Sheppard, Saffron Technology CEO. “Now you can automatically see converging and other patterns to anticipate outcomes and prepare to act. These capabilities, combined with our customers’ success with Saffron, position us well for growth. With this additional funding, we will expand customer-centric next generation service teams, build a strong brand presence, create scalability across our business, and establish a Silicon Valley headquarters in spring 2014.”

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