Germany-based software vendor Software AG has bought California-based artificial intelligence (AI) company Zementis to advance its Internet of Things capability.
Zementis provides software for "deep learning," a key capability in machine learning and data science, and a core technology driving AI development. Software AG says it sees current machine learning and AI advances as the basis for the next generation of IoT applications like self-driving cars, personal digital assistants, medical diagnosis, predictive maintenance and robotics.
Software AG already has embedded Zementis' ADAPA (Adaptive Decision and Predictive Analytics) into its Digital Business Platform to offer enterprises insights for real-time business analytics. The combination delivers business and technical insights into customer behavior, market dynamics, security risks and sensor information from IoT.
"The impact of the Internet of Things on industry, business and society will dwarf anything we have experienced through technology so far," said Karl-Heinz Streibich, Software AG's CEO. "This is now widely acknowledged by industry, as is the unique business insight that can be provided by combining predictive analytics, machine learning and streaming analytics. This combination has played a major role in the recent strategic IoT partnerships Software AG has established."
Zementis has focused on the operational deployment of predictive models -- from basic statistical algorithms to complex predictive models and deep learning capabilities -- for applications such as risk scoring, fraud detection and predictive maintenance.
"Zementis was founded with the vision of delivering true interoperability for artificial intelligence, allowing machine learning and predictive models to rapidly move from development to deployment, allowing data-centric organizations and enterprises to easily incorporate AI into their routine operations," said Michael Zeller, Zementis's CEO. "Software AG's open standards strategy empowers clients to manage heterogeneous IT architectures, and perfectly complements the vendor-neutral AI capabilities that our solutions deliver."
The Industrial Internet Consortium's Industrial Internet Connectivity Framework went largely unnoticed, yet it holds a wealth of critical information for any company considering industrial internet implementations.
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