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Intel buys cognitive computing firm Saffron Technologies

Posted on Wednesday, October 28 2015 @ 13:37:48 CET by

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Intel announced the acquisition of Saffron Technologies, a company specialised in cognitive computing. The chip giant explains Saffron will continue to run as a standalone business, and hopes the firm's machine learning efforts will help bolster development of new devices and services in the big data, cyber security, healthcare, and IoT markets.
One of the exciting advancements in computer science is the emergence of cognitive computing – software that combines the power of computing with brain-like intelligence to solve and even anticipate complex problems.

That’s why I’m excited to share that Intel has acquired Saffron, a leading cognitive computing platform provider. Saffron’s unique technology ingests data from disparate sources and automatically connects the dots to help businesses of all kinds improve decision-making. With offices in Cary, North Carolina and Silicon Valley, Saffron’s growing customer base spans industries including: aerospace, insurance, healthcare and manufacturing. Businesses are using Saffron’s technology to anticipate market trends, optimize processes, mitigate risk, personalize customer experiences and find new revenue streams.

Saffron offers a fresh look at big data analytics. 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. Big data can happen on small devices, as long as they’re smart enough and connected. Saffron’s technology, deployed on small devices, can make intelligent local analytics possible in the Internet of Things.

As part of Intel’s New Devices Group, Saffron will continue growing its existing, standalone business as well as contribute its technology to Intel efforts and platforms spanning new devices, big data, cyber security, healthcare and IOT.



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