Concentric Named Winner of Business Intelligence Group’s 2021 Artificial Intelligence Excellence Award

Company’s Risk Distance Analysis Technology Recognized for Innovative Use of AI and Deep Learning to Autonomously Discover and Protect Business-Critical Data

SAN JOSE, Calif.--(BUSINESS WIRE)--Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, today announced it has won a 2021 Artificial Intelligence Excellence Award for its Risk Distance™ natural language processing analysis technology in the Business Intelligence Group’s Artificial Intelligence Excellence Awards program.

Concentric’s Semantic Intelligence™ automates unstructured and structured data security using deep learning to categorize data, uncover business criticality and reduce risk. Its Risk Distance analysis technology uses the baseline security practices observed for each data category to spot security anomalies in individual files. It compares documents with peers in the same category to identify risk from oversharing, third party access, and wrong location or misclassification. Organizations benefit from the expertise of content owners without intrusive classification mandates, with no rules, regex or policy maintenance needed.

“We are so proud to name Concentric as a winner in our inaugural Artificial Intelligence Excellence Awards program,” said Maria Jimenez, chief nominations officer for Business Intelligence Group. “It was clear to our judges that Concentric’s Risk Distance technology is using AI to improve the lives of their customers and employees. Congratulations to the entire team!”

“It is rewarding to receive the Business Intelligence Group’s AI Excellence Award, and to be recognized by the program’s panel of judges,” said Karthik Krishnan, Concentric CEO. “Concentric’s Semantic Intelligence solution uses advanced deep-learning technology to solve the problem of unstructured and structured data security – both in the cloud and on-premises. It delivers the industry’s best autonomous data discovery and categorization capability for complete data protection that gives enterprises the tools they need to effectively manage risk. Offered as a SaaS platform, the solution’s time-to-value is days, not weeks or months as with other solutions.”

Customers use Semantic Intelligence to discover and manage risks to privacy-sensitive and regulated data, such as customer data or personal health information. They also rely on the solution for their zero-trust data access governance programs, where the solution autonomously evaluates access based on document contents and meaning, not file folder locations, end-user markup or other unreliable access control alternatives. Semantic Intelligence protects all types of data, ranging from intellectual property to financial information to sensitive human resources files – continuously and autonomously.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About Concentric

With Concentric, organizations can finally address their unmet data security needs by discovering and protecting business critical content. Concentric protects intellectual property, financial documents, PII/PCI content, customer data, business confidential data and more, across on-premises and cloud-based data stores. The Concentric Semantic Intelligence™ Data Access Governance solution uses deep learning and Risk Distance™ analysis to accurately categorize data, assess risk and remediate security issues – without relying on upfront rules or complex configuration. Concentric is venture backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif. For more information, see https://www.concentric.ai.

Concentric, Semantic Intelligence™ and Risk Distance™ are or may be registered trademarks of Concentric AI, Inc. All other marks and names mentioned herein may be trademarks of their respective companies.