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."
2017 has seen the size, scope and awareness of the internet of things continue to grow at considerable pace.
And while corporate latecomers hastily stitching together their first attempts at an IoT strategy, the market leaders are already planning for IoT's next step — where artificial intelligence and data analytics meet to provide a new frontier of insights and opportunities.
Our panel of experts, selected from the Internet of Things World 2017 speaker line-up, will share their views on how enterprises and industries will be leveraging the next generation of IoT capabilities — spanning machine learning, predictive analytics and more — and what the outcomes will be.
The expertise of our speakers spans both the private and public sector, and the implications of IoT, analytics and AI for both enterprise and government will be covered.
Webinar attendees will discover:
What businesses & industries can expect to gain from advances in IoT, AI & analytics
Existing use cases for the application of AI & analytics in IoT across verticals
The companies to watch for next generation IoT & AI applications
What your business should be doing now in order to access these capabilities & benefits
How benefits & strategies for IoT & AI differ for the public & private sectors