In order to get a step ahead of emerging technologies in the realm of computer science, Intel Corp. has acquired Saffron, a maker of cognitive computing platforms. Terms of the deal were not disclosed.
Cognitive computing is software that combines the power of computing with brain-like intelligence to solve intricate problems. Saffron’s technology takes
Saffron's technology will be used by Intel in new products, cybersecurity, big data and IoT. Source: Intel data from different sources and automatically connects the dots to help businesses of all kinds improve decision making, Intel says.
Saffron currently has customers from a wide range of industries including aerospace, insurance, healthcare and manufacturing that use the technology to anticipate market trends, optimize processes, mitigate risk and find new revenue streams.
“We see an opportunity to apply cognitive computing not only to high-powered servers crunching enterprise data, but also to new consumer devices that need to see, sense and interpret complex information in real time,” says Josh Walden is senior VP and GM of Intel’s New Technology Group. Walden says that Saffron’s technology deployed to smaller devices will make local analytics possible in the Internet of Things (IoT).
Saffron will remain a standalone business, but will contribute to Intel’s efforts in new devices, big data, cybersecurity, healthcare and IoT.
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