SUNNYVALE, Calif.--(BUSINESS WIRE)--Falkonry, Inc., a leading provider of operational machine learning for Global 2000 industrial companies, today announced it has been named a Cool Vendor in the May 2018 Gartner Cool Vendors in Artificial Intelligence Across the Supply Chain report. Falkonry was one of only five vendors chosen for this report.
“We believe being named a Gartner Cool Vendor validates the power of our machine learning system and feel it highlights the tremendous momentum we’ve had with industry leaders adopting our technology,” said Dr. Nikunj Mehta, Founder and CEO of Falkonry. “Every customer we engage with has time series data just waiting to be leveraged by Falkonry LRS, and customers typically gain actionable insights from this data in less than three weeks. This is significant because the operational improvements can result in savings of several millions dollars annually for just one customer.”
According to Gartner, “Artificial intelligence (AI) techniques are ideally suited to detect and respond to patterns, identify anomalies and map out synergies buried in these data-rich environments." As noted in the report, "Startup vendors are introducing technologies that can embed and enable artificial intelligence techniques to meet supply chain objectives. Chief supply chain officers can use this research to discover innovative technology solutions from Cool Vendors exploiting AI's disruptive and strategic role.”
Falkonry LRS “Data Scientist in a Box”
Over the last year, Falkonry has seen increased demand for its “ready-to-use” operational machine learning and predictive analytics system in multiple industries such as oil and gas, chemicals, mining and metals, energy, semiconductor, and automotive manufacturing. All of these industries share a need to increase asset performance, production throughput and quality. Falkonry LRS enables success of these initiatives by empowering operations teams to discover patterns in real-time data streams, apply predictive analytics and receive actionable insights, without requiring data scientists. Falkonry LRS can be deployed both on-premises or in the cloud.
Gartner subscribers and clients can access the report here.
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Falkonry is the leading provider of operational machine learning for Global 2000 companies who are looking to achieve significant improvements in the throughput, quality and yield of their industrial operations. Falkonry’s ready-to-use machine learning system, Falkonry LRS, enables operations teams to discover patterns hidden in their existing operations data, apply predictive analytics and receive actionable insights, all without requiring data scientists. Falkonry LRS can be used directly by industrial practitioners, like a “data scientist-in-a-box”, and can be deployed both on-premises or in the cloud.
For more information about Falkonry and its products, please visit http://falkonry.com/.