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App Orchid, Inc., a developer of cognitive computing apps powered by artificial intelligence, has announced today that it was recognized with multiple industry leading awards – Smart Grid companies to watch 2016 and Cool Vendor 2016 from a leading industry analyst firm.
The awards combined with triple digit quarterly growth and significant customers wins in Q4 of 2015 and Q1 of 2016 help to ascertain App Orchid’s market leadership position when it comes to applying AI powered innovation for Digital transformation in Regulated industries like Energy, Insurance and Healthcare.
“App Orchid is cool because the solution combines multiple cutting-edge technologies to produce accurate, non-obvious replies and recommendations to natural language queries. And these results can be informed by “dark data” such as source files that have not yet been normalized into EAM or other enterprise systems” according to the leading industry analyst who nominated App Orchid in the Cool Vendor Category for Utilities.
“Issues like the aging workforce and aging assets have forced utilities and Capital heavy industries to think about integrating workforces' tribal knowledge with other structured and unstructured data. To that end, App Orchid is harnessing advances in the power of in-memory processing, machine learning, artificial intelligence, and natural language processing to blend millions of data points from tribal knowledge, operational systems, and the Internet of Things to create a new generation of smart grid apps. These apps make blending and querying all this disparate data no more complicated than asking a question in Google, enabling energy/utility companies to identify patterns, risks and opportunities that has been difficult using traditional analytical tools” according to Smart Grid News that selected App Orchid in the top 15 companies to watch in 2016.
“Artificial Intelligence powered apps are now prime time, as validated by the very strong industry recognition we received in the last couple of weeks. With multiple deployments spanning 3 regulated industries, App Orchid has demonstrated that cognitive enterprise apps are fully mature to take on some various complex problems ranging from renewable integration and grid resiliency on the electric grid to safety and risk management underwriting in the insurance domain to unraveling complex genome sequences for predictable clinical trials in the field of cancer and genetic research. Our unique semantic web based approach promises to dramatically change the game of analytics around structured and unstructured data sources”, said Krishna Kumar, CEO and founder of App Orchid.