September 28, 2020 – Cortical.io, a leading provider of AI-based business solutions, today announced that it has been identified as a Representative Vendor in the Gartner Market Guide for Text Analytics1, published on August 31, 2020. According to the report, “Respondents to the 2019 Gartner Data and Analytics Adoption Trends Survey listed text analytics as one of the top three analytics techniques deployed, with 86% of survey respondents already using or expecting to use text analytics within 12 months.”
“Our unique approach to text analytics and Natural Language Understanding has allowed us to deliver packaged business solutions that provide real value to our line-of-business customers without the need for AI or data science expertise within their organizations,” said Thomas Reinemer, COO of Cortical.io. “Our Contract Intelligence and Message Intelligence solutions demonstrate the benefits of our underlying approach to text analytics. They enable enterprises to save time and money when extracting and classifying information from unstructured text ranging from social media feeds to complex documents.”
[1] Gartner, “Market Guide for Text Analytics,” Shubhangi Vashisth, Erick Brethenoux, Stephen Emmott, Melissa Davis, David Norrie, Bern Elliot, 31 August 2020.
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About Cortical.io
Cortical.io delivers AI-based business solutions which are quicker and easier to implement and more capable than current approaches. The company’s patented method of Natural Language Understanding enables enterprises to more effectively search, extract, and analyze information from unstructured text. The company’s solutions, including Contract Intelligence and Message Intelligence, cover a wide spectrum of use cases with proven implementations in Fortune 500 companies. Cortical.io is working to enable Semantic Supercomputing, the ability to process streams of natural language content at massive scale in real time through the use of hardware acceleration. Cortical.io has offices in the US (New York and San Francisco) and in Europe (Vienna). For more information, go to https://cortical.io/sandbox. Follow us on LinkedIn and Twitter @Cortical_io.
