AUSTIN, Texas, Jan. 13, 2016 /PRNewswire/ -- CognitiveScale®, the Cognitive Cloud Company®, has been recognized by independent analyst firm Frost & Sullivan as the 2015 Visionary Innovation Leader for Artificial Intelligence-Enabled Solutions. CognitiveScale delivers a new class of industry-optimized, machine intelligence-powered software that revolutionizes customer engagement and decision making for patients, shoppers, financial clients, and employees.
CognitiveScale received the award for its innovative artificial intelligence industry cognitive clouds, which actively discover, learn, and act from complex, multi-structured "Dark Data," i.e., data that is uncollected, neglected, or under-utilized. The research calls out CognitiveScale's solution for healthcare, which uses machine learning to provide actionable insights for individuals living with chronic conditions in both clinical and non-clinical settings. These insights also help the care manager understand their patient's immediate needs in order to serve them better. The award recognizes CognitiveScale's healthcare software suite for "achieving the targeted aim of providing quality care, improving health outcomes, and reducing costs."
"Our mission within the healthcare space is to enable person-centric care in an era of escalating costs, changing behavior, and shifting healthcare delivery structures," said Akshay Sabhikhi, CEO of CognitiveScale. "We believe strongly in the ability of our cognitive cloud technology to transform engagement and decision-making for patients, shoppers, financial clients, and executives. We are pleased to have validation from Frost & Sullivan that our technology can not only improve health outcomes, but provide the strategic technology infrastructure for a broad shift to a continuous care model."
Chronic health conditions now affect 25 percent of the population and add $2.4 trillion annually to healthcare costs. Meanwhile, providers struggle to surface actionable insights from an explosion of multi-structured patient data locked up in electronic medical records, claims, social feeds, wearable devices, and medical research.
According to Frost & Sullivan, CognitiveScale "is weaving data interpretation and learning systems into effective business processes and applications within a healthcare organization to provide easily accessible and securely stored patient data." Furthermore, by providing patients and care managers alike with "contextualized, actionable recommendations" about health behaviors inside and outside the clinic, CognitiveScale's technology "drastically reduces re-hospitalizations—and ultimately costs."
CognitiveScale also earned recognition from Frost & Sullivan for its partner strategy; since its formation in early 2013 by former IBM Watson executives and serial entrepreneurs, CognitiveScale has joined forces with IBM and a wide range of healthcare providers, insurers, and system integrator partners like Deloitte to impact some of the toughest challenges in the healthcare industry: "By making its cognitive cloud platform available to varied potential partners, CognitiveScale is expanding the potential applications to a multitude of existing and future treatment tools."
Frost & Sullivan concludes, "Using modern cognitive computing technology, the pioneering leadership at CognitiveScale is significantly improving the healthcare delivery system by shifting the overall focus of treatment and care to patient engagement and knowledge—rather than just treating a disease."
Frost & Sullivan has a global team of analysts and consultants continuously researching a wide range of markets across multiple sectors and geographies. As part of this ongoing research, Frost & Sullivan identifies companies that consistently develop new growth strategies based on a visionary understanding of the future, and thus more effectively address new challenges and opportunities. This research involves extensive primary and secondary research across the entire value chain of specific products.
CognitiveScale delivers a new class of machine intelligence-powered cognitive cloud software that revolutionizes customer engagement, decision-making and productivity for shoppers, patients, financial clients, and employees.
Our industry optimized cognitive cloud software is helping Global 2000 leaders actively discover, learn, and act from complex, multi-structured Dark Data, i.e., data that is uncollected, neglected, or underutilized.
CognitiveScale was founded in 2013 by senior leaders from IBM Watson and is led by highly successful serial entrepreneurs and software executives. The company has received numerous awards, including Frost & Sullivan's 2015 Visionary Innovation Leader and CRN's 2015 Top 10 Cool Cloud Company. It has also been featured in prominent publications, including Forbes, Wall Street Journal, and Harvard Business Review. The company is privately funded by The Entrepreneurs Fund IV and IBM Watson, among others.
For more information on the company and our approximately 100 employees, please visit us at cognitivescale.com and follow @cognitivescale on Facebook, Twitter and LinkedIn.
About Frost & Sullivan
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