MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--H2O.ai, an AI company that provides industry-leading data products for enterprise businesses, today announced it has been named a 'Strong Performer' in The Forrester Wave™: Predictive Analytics & Machine Learning (PAML) Solutions, Q1 2017 report by Forrester Research. Overall, the report found that PAML solutions are helpful for open source communities; predictive model management is a key differentiator for companies; and machine learning is central to building effective AI applications.
Regarding H2O’s PAML solution, Forrester said “H2O.ai is best known for developing open source, cluster-distributed machine learning algorithms at a time (2011) when big data demanded them but no one else had them. To say H2O.ai is an algorithm company today is an understatement. It also offers Sparkling Water to create, manage, and run workflows on Apache Spark and Steam to deploy models. Further, it offers Flow — a notebook-like experience similar to Jupyter. The company recently announced Deep Water and amalgamated distribution of open source deep-learning libraries Caffe, MXNet, and TensorFlow. H2O.ai has seen significant adoption by large enterprises including Capital One, Comcast, and Macy’s.”
Other findings from The Forrester Wave™: Predictive Analytics & Machine Learning, Q1 2017 report include:
- Forrester forecasts a 15% compound annual growth rate (CAGR) for the PAML market through 2021
- Machine learning Is Fundamental To Artificial Intelligence
- PAML solutions should expand to Apache Spark
H2O.ai provides industry-leading deep learning for some of the largest enterprises in the world, while also democratizing AI for its large open source community. H2O, its flagship offering, features the fastest distributed data ingest and top-of-the-line data munging power, and provides enterprise companies with features that include security, authentication, model comparison and rapid deployment. H2O.ai also recently released Deep Water, the first deep learning offering specifically geared for fintech companies.
“We’re humbled to be recognized as a Strong Performer in the ultra competitive Predictive Analytics & Machine Learning category,” said SriSatish Ambati, co-founder and CEO of H2O.ai. "The enterprise space is evolving rapidly and companies need deep learning platforms like H2O.ai’s that are efficient and scalable. We are privileged to serve both large B2B customers and open source community members, and this recognition speaks to the trust and loyalty engendered by our products."
H2O is currently used by more than 80,000 data scientists and 9,000 organizations around the world. In January 2017 H2O.ai was named by CB Insights as one of the top 100 AI companies, along with other leading AI groundbreakers.
To read the full report, visit: http://www.h2o.ai/forrester-wave
H2O.ai is focused on bringing AI to businesses through software. Its flagship product is H2O, the leading open source platform that makes it easy for financial services, insurance and healthcare companies to deploy AI and deep learning to solve complex problems. More than 9,000 organizations and 80,000+ data scientists depend on H2O for critical applications like predictive maintenance and operational intelligence. The company -- which was recently named to the CB Insights AI 100 -- is used by 107 Fortune 500 enterprises, including 8 of the world’s 10 largest banks, 7 of the 10 largest insurance companies and 4 of the top 10 healthcare companies. Notable customers include Capital One, Progressive Insurance, Transamerica, Comcast, Nielsen Catalina Solutions, Macy's, Walgreens, Kaiser Permanente, and Aetna.