LOS ALTOS, CA–(Marketwired – September 29, 2014) – Saffron Technology is pleased to announce that it has received the Silver Stevie Award for “Best New Product of the Year – Software – Big Data Solution” in the 11th Annual International Business Awards. This trophy affirms Saffron’s leading innovative approach to combining the power of computing with brain-like intelligence to extend Fortune 1000 companies’ ability to realized true intelligence about every “thing” and create personalized services based on contextual experience.
Stevie Award winners were selected by more than 250 executives worldwide who participated in the judging process from May through early August. Saffron is an inaugural winner in the Big Data Solution category, which was newly added to the Stevie Awards in 2014. Awards will be presented to winners at a gala awards banquet in Paris, France on 10 October.
“With an estimated market size of $16.1 billion, according to Gartner Research, the big data products and services fulfillment world is growing six times faster than the overall IT market itself. So how does a company go from investing in big data analytics to making it a daily, competitive operational advantage for their business? By using data to create true contextualized experiences for a customer, personalizing maintenance for each asset instead of class, or creating an operational intelligence environment where a customer’s interactions with a manufacturer’s products feeds directly back into product, manufacturing, delivery and service design,” said Saffron CEO Gayle Sheppard.
“Saffron has invented the first true cognitive computing approach to organizing data, that is similar to how the human brain processes sensemaking — understanding how things are connected or similar in order to anticipate what will happen next and decide what to do about it. Saffron learns from all experiences and outcomes, identifying similarities and patterns over time to anticipate what may unfold. In manufacturing, customers are reducing cycle times and producing significant savings using Saffron’s operational intelligence applications to anticipate maintenance issues before problems arise and to quickly identify the cause of product manufacturing quality issues in order to get products to market and assets back to work at a scale never achieved before,” continued Sheppard.
Saffron Natural Intelligence Platform is commercially deployed for real-time operational risk intelligence and decision support in smart device manufacturing, financial services, energy and national security industries. Saffron’s Risk management applications are numerous including model-free fraud, waste and abuse intelligence, personalized predictive maintenance, country risk assessment and operational risk sensemaking.
For more information and full list of Stevie Award winners please click here.
Saffron Technology combines the power of computing with brain-like intelligence to make sense of data and anticipate future trends and events. The platform learns incrementally and adapts in real time, ingesting data from disparate sources and automatically connecting the dots to illuminate the knowledge that really matters. Saffron enhances the speed and volumes at which data can be processed but also critically improves the accuracy of results. Businesses using Saffron can anticipate market trends, optimize processes, mitigate risk, personalize customer experiences or find new revenue streams. Founded in 1999, Saffron Technology is headquartered in Los Altos, California. For more information, please visit www.saffrontech.com.