Friday, July 30, 2021

CognitiveScale and Ascendum To Accelerate Trusted AI Deployments for Healthcare, Fintech and eCommerce

CognitiveScale, the enterprise AI company that helps organizations win with intelligent, transparent, and trusted AI powered digital systems, today announced it has partnered with Ascendum to deliver Trusted AI solutions for the healthcare, fintech, and retail/eCommerce verticals. CognitiveScale will provide its trusted AI software while Ascendum will provide the services and certified developers required to build AI-powered solutions and use cases that meet the unique needs of the customers within these markets. Together, these two technology leaders are elevating the customer experience and accelerating the deployment and scalability of trusted AI.

While AI has become a competitive imperative for many companies – early adopters are set to share a $1T profit pool by 20303 – AI deployments can be time consuming and require highly-trained expertise. The partnership between CognitiveScale and Ascendum seeks to help companies eliminate these pitfalls by providing both software and expert service together.

“Our approach is to create ‘better together’ solutions that drive success further and faster for our customers, and our partnership with Ascendum shows the strength of these joint offerings to deploy AI that is trusted, explainable, and delivers value quickly,” said Shay Sabhikhi, CEO of CognitiveScale. “The combination of our two offerings helps organizations address one of the most pressing needs around AI — transparency.”

Also Read: RPA immense growth forcing adopter to move it from Experimentation to Implementation phase

“This strategic partnership between Ascendum and CognitiveScale will further strengthen the portfolio of transformational AI and digital solutions we provide our clients,” said Kris Nair, Ascendum President and CEO. “CognitiveScale’s trusted AI technologies, coupled with Ascendum’s award-winning digital engineering services, will serve as a catalyst to accelerate the Industry 4.0 innovations needed to stay relevant in the rapidly changing digital world.”

CognitiveScale’s platform, called Cortex, consists of three products — Cortex Certifai, Cortex Fabric and Cortex Pre-built Applications— that help businesses operationalize trusted AI from design to production with reliable data and dependable outcomes. Where other AI platforms offer a Black Box that can be impossible to understand, Cortex Fabric is an open low code / no code platform that can leverage virtually any data and any Black Box model.The platform is layered for AI control, automated build, and ready-made applications.

“AI is transforming the global economy at an accelerating rate and impacting every industry and human being,” said Uday Kumar, Ascendum EVP of Sales. “AI is the most significant driving force for business transformation. We are excited to deliver these next-generation innovations to our clients through this strategic partnership.”

As Artificial Intelligence and Machine Learning (AI/ML) become more essential in the processing of massive volumes of data, trust and explainability are critical to business leaders.

With CognitiveScale’s Cortex Certifai, enterprises can build trust into their digital systems by detecting and scoring black-box model risks. Cortex Certifai generates the first-ever composite trust score, the AI Trust Index, that measures data and model risks across 4 dimensions: Robustness, Fairness, Explainability and Performance. Certifai can be applied to any black-box model including machine learning models, statistical models, business rules, and other predictive models and works with a variety of input data.

The two companies are already working together to support the digital transformation of a leading Fortune 500 healthcare enterprise to accelerate member and patient engagement in areas like care optimization and service experience using AI-powered applications.

Latest news

Hyperlocology And Brickwork Team Up To Enable National Brands To Launch Local Retail Digital Advertising At Scale

While 86% of retail is done in brick and mortar locations, the majority of shoppers begin their journey online. Retailers have to bridge the...

Coastal Community Bank Selects 360factors’ Predict360 Enterprise Risk and Compliance Management Solutions

360factors, Inc. announced today that Coastal Community Bank, an Everett, Washington-based community bank, selected 360factors' Predict360 risk and compliance intelligence platform to enhance its enterprise risk and compliance...

Prezi Announces Google Slides Integration for Prezi Video

Prezi, the most engaging way to share content on video, today announced an integration with Google Workspace that allows Prezi Video users to bring an existing...

CVEDIA Joins the NVIDIA Metropolis Program, Focusing on Synthetic Data to Accelerate Edge AI Applications

Computer vision solutions provider CVEDIA announces today that it has joined NVIDIA Metropolis, a program designed to nurture and bring to market a new generation...

Shutterstock.AI Releases Data on AWS Data Exchange to Promote Computer Vision Solutions

Shutterstock, Inc.  , a leading global creative platform that delivers full-service solutions, high-quality content and tools for brands, businesses and media companies , today...

STL delivers Cloud-Native OSS/BSS Solution Powered by Microsoft Azure

STL (NSE: STLTECH), an industry leading integrator of  digital  networks, will provide cloud-native OSS/BSS solutions for telecom service providers, leveraging Microsoft Azure. This solution will...

Related news

Hyperlocology And Brickwork Team Up To Enable National Brands To Launch Local Retail Digital Advertising At Scale

While 86% of retail is done in brick and mortar locations, the majority of shoppers begin their journey online. Retailers have to bridge the...

Coastal Community Bank Selects 360factors’ Predict360 Enterprise Risk and Compliance Management Solutions

360factors, Inc. announced today that Coastal Community Bank, an Everett, Washington-based community bank, selected 360factors' Predict360 risk and compliance intelligence platform to enhance its enterprise risk and compliance...

Prezi Announces Google Slides Integration for Prezi Video

Prezi, the most engaging way to share content on video, today announced an integration with Google Workspace that allows Prezi Video users to bring an existing...

CVEDIA Joins the NVIDIA Metropolis Program, Focusing on Synthetic Data to Accelerate Edge AI Applications

Computer vision solutions provider CVEDIA announces today that it has joined NVIDIA Metropolis, a program designed to nurture and bring to market a new generation...

LEAVE A REPLY

Please enter your comment!
Please enter your name here