Frost & Sullivan Recognizes CognitiveScale

Frost & Sullivan Recognizes CognitiveScale as the 2015 Visionary Innovation Leader for Artificial Intelligence-Enabled Solutions

Frost & Sullivan highlights CognitiveScale’s highly personalized, customer-centric engagement approach in developing cognitive cloud solutions for healthcare challenges

AUSTIN – January 11, 2016 – 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.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

About CognitiveScale

CognitiveScale builds enterprise-scale augmented machine intelligence software for healthcare, commerce, and financial services markets. The company's products— Engage and Amplify—help large enterprises increase customer engagement, improve decision-making, and deliver self-learning and self-assuring business processes. CognitiveScale has successfully deployed its software with multiple Global 500 companies and has formed strategic go-to-market and technology partnerships with IBM, Microsoft, and Deloitte.

CognitiveScale was founded in 2013 by highly successful serial entrepreneurs and senior executives from IBM Watson, Oracle, and Salesforce with deep expertise in vertical enterprise software, cloud computing, and machine learning. The company has won numerous awards and featured in prominent research and publications. It is headquartered in Austin, Texas, with offices in the United Kingdom and India. Investors include Norwest Venture Partners, Intel Capital, IBM Watson, and Microsoft Ventures.

For more information on the company, please visit us at cognitivescale.com and follow @cognitivescale on Facebook, Twitter and LinkedIn.

Media Contact

EXTERNAL PR CONTACT: James Cortese, Gryphon Agency for CognitiveScale
415-879-8307 | jamescortese@gmail.com
INTERNAL PR CONTACT: Shaku Selvakumar, shaku@cognitivescale.com