Software AG acquires Zementis to drive AI in IoT
December 8, 2016
German technology firm Software AG has acquired Zementis, a California-based provider of software for deep learning, a key capability in machine learning and data science, and a fundamental technology driving artificial intelligence (AI) development.
Software AG sees the current machine learning and AI advances as the basis for the next generation of IoT applications such as self-driving cars, personal digital assistants, medical diagnosis, predictive maintenance and robotics.
Software AG has already embedded Zementis’ Adapa adaptive decision and predictive analytics into its digital business platform to offer enterprises insights for real time business analytics. The combination of Software AG’s real-time streaming analytics and Adapa predictive analytics delivers precise business and technical insights into customer behaviour, market dynamics, security risks and sensor information from the IoT.
“The impact of the internet of things on industry, business and society will dwarf anything we have experienced through technology so far,” said Software AG chief executive officer Karl-Heinz Streibich. “This is now widely acknowledged by industry, as is the unique business insights that can be provided by combining predictive analytics, machine learning and streaming analytics. This combination has played a major role in the recent strategic IoT partnerships Software AG has established.”
Software AG has made multiple IoT and Industry 4.0 announcements in recent months including strategic alliances such as with Bosch, Dell and Cumulocity based on integrating digital sensors and predicting maintenance requirements. These capabilities will now be enhanced through automated decisions based on machine learning for manufacturing, logistics or any data heavy use case.
Machine learning and AI are key technologies for building smarter, next-generation IoT applications and are competitive capabilities. To accelerate time-to-insight, Zementis has focused on the rapid operational deployment of predictive models – from basic statistical algorithms to complex predictive models and deep learning capabilities – for mission-critical applications such as risk scoring, fraud detection and predictive maintenance.
“Zementis was founded with the vision of delivering true interoperability for artificial intelligence, allowing machine learning and predictive models to rapidly move from development to deployment, allowing data-centric organisations and enterprises to easily incorporate AI into their routine operations”, said Michael Zeller, CEO of Zementis. “Software AG’s open standards strategy empowers clients to manage heterogeneous IT architectures, and perfectly complements the vendor-neutral AI capabilities that we deliver.”
With over 45 years of customer-centric innovation, Software AG has more than 4300 employees, is active in 70 countries and had revenues of €873m in 2015.