CognitiveScale Unveils Cortex 5 to Accelerate Enterprise AI Adoption and Outcomes

January 22 14:00 2018 Print This Article

AUSTIN, Texas and LONDON, Jan. 23, 2018 (GLOBE NEWSWIRE) — CognitiveScale, the leading augmented intelligence software company, today announced Cortex 5, the next generation of its augmented intelligence cloud software powered by artificial intelligence (AI) and blockchain technology. The product family is aimed at companies looking to speed up implementations and return-on-investment of enterprise grade AI systems that pair humans and machines.

Most AI and blockchain projects today are confined to innovation labs. Relatively few have successfully made the jump to a live production environment, and even fewer have optimized AI performance and assurance for the business.

There are three primary reasons for this AI adoption gap: first, businesses lack a clear understanding of which business problems to solve using machine learning, computer vision, and blockchain within their industry; second, they lack the tooling, skills, and methods required to build, deploy, and manage AI systems at scale; and finally, they lack access to high-value data, models, and algorithms suitable for their industry and process domains.

“CognitiveScale’s mission is to remove the barriers to AI adoption and solve complex business problems at scale in financial services, healthcare, and digital commerce markets,” said Matt Sanchez, CTO and co-founder, CognitiveScale. “Our Cortex 5 platform helps businesses derive rapid benefit from AI powered business processes by bridging the data, skills, and tooling gaps between data science workflows and the software development lifecycle.” Prior to founding CognitiveScale, Sanchez was the head of IBM Watson Labs and built some of the earliest cognitive systems using IBM Watson for banking, healthcare, and insurance industries.

From Lab to Live
Backed by 115 filed patents covering cognitive agent lifecycle management, machine cognition algorithms, computer vision, blockchain, and cognitive system design, Cortex 5 is designed to help businesses with limited machine learning expertise start building their own high-quality AI systems through three interrelated cloud-based software offerings:

AI Marketplace: An online AI collaboration system that brings together thousands of high value, industry specific data, models, algorithms, and digital professional services in an open and easily consumable fashion to help business experts, researchers, data scientists and developers work through problems, move ideas forward, and learn from each other along the way.

AI Platform: A lifecycle management platform that bridges the tooling gap between data science workflows and the software development lifecycle and radically reduces the skills and expertise required to design, deploy, and manage complex AI systems at scale. Provides critical capabilities such as secure data and intellectual property asset ownership, visual AI system design, machine learning model lifecycle optimization, AI explainability, AI personalization, continuous learning, and algorithmic trust and assurance.

AI Systems: A family of trained and proven AI software agents that deliver AI-powered personalization for consumer engagement (engage agents) and AI-powered process automation (amplify agents).  These agents are delivered as a service and built and managed by the Cortex AI Platform for enterprise grade AI performance and assurance.

Cortex 5 is available on both Amazon AWS and Microsoft Azure cloud environments and supports both enterprise and hybrid cloud deployments.

Unlocking Real Value from AI
CognitiveScale’s Cortex software has delivered significant business outcomes for leading global businesses. Clients include Ascension, Barclays, Exxon Mobil, USAA, MD Anderson, NBC Universal, GolfNow, Under Armour, and many other leading global 500 companies. Founded in 2013 by a group of serial entrepreneurs and former executives out of IBM Watson, the company has formed strategic go-to-market and technology partnerships with IBM, Microsoft, and Amazon.

“CognitiveScale is one of the leaders in the industry, who is truly thinking through how to ease adoption barriers to make AI accessible and enterprise ready. The folks at CognitiveScale continue to distinguish themselves with the release of the new Cortex 5 platform, an important step towards democratizing how enterprises build, manage, integrate, and operate AI systems at scale,” said Cameron Davies, SVP of Data Sciences, NBC Universal.

CognitiveScale Cortex 5 is generally available today.  To learn more about CognitiveScale or to test drive Cortex software, visit https://www.cognitivescale.com.

About CognitiveScale
CognitiveScale sells augmented intelligence software that solves complex business problems at scale for financial services, healthcare, and digital commerce markets. Built on its Cortex augmented intelligence platform, the company’s software help enterprises apply AI and blockchain technology to increase user engagement, improve decision-making, and deploy self-learning and self-assuring business processes.

Headquartered in Austin, Texas, CognitiveScale has offices in New York, London, and Hyderabad, India, and is funded by Norwest Venture Partners, Intel Capital, IBM Watson, and Microsoft Ventures.

For more information on the company, please visit us at cognitivescale.com and follow @cognitivescale on Twitter, Facebook and LinkedIn.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3b2a9586-e9e4-4175-9a94-6cd1f8dcac6c

Media contact:
Greg Wise
Bhava Communications for CognitiveScale
[email protected]
512-213-9899

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Jonathan Yaniv
Jonathan Yaniv

Jonathan is the founder and editor-in-chief of TrustedNerd.com. Covering major tech shows such as CES, Jonathan is always there for the latest tech news. Want your gadget to be reviewed or have a release you'd like to be considered for publishing? Send Jonathan an email, jonathan [at] trustednerd.com

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