DataRobot partners with BCG and acquires its SOURCE AI platform
Category: #technology  By Hrishikesh Kadam  Date: 2020-06-10
  • share
  • Twitter
  • Facebook
  • LinkedIn

DataRobot partners with BCG and acquires its SOURCE AI platform

As enterprises worldwide increasingly deploy AI to enhance decision making and boost business performance, many struggle to derive value. A survey revealed that almost 70% companies report minimal or no impact of AI deployment. AI platforms that enable enterprises to design, deploy, manage, and track machine learning models are critical in order to address these issues.  

Boston-based DataRobot, a leading enterprise AI platform, has recently announced the acquisition of Boston Consulting Group’s SOURCE AI platform. Reportedly, the two companies have also formed a strategic alliance.

This partnership between an AI solutions provider and a global consulting firm is apparently an industry first that combines leading consulting services with proprietary IP. This will enable DataRobot and BCG to deliver both the technical knowhow and human expertise required to deliver optimal, continuous value though AI.

The joint expertise of the world’s leading data scientists will enable customers to boost the adoption and time to value for their AI deployments. It has also come to the fore through credible sources that DataRobot and BCG will jointly build industry-specific applications, making it easier for enterprises to deploy AI at scale.

AI is a critical and strategic opportunity in today’s digital world, and enterprises must have the ability to successfully build and deploy machine learning models to remain resilient and competitive, noted Sylvian Duranton, BCG managing director and leader of BCG GAMMA, the company’s data science division.

DataRobot seemingly aims to leverage SOURCE AI’s functionality to continue delivering a robust experience, enabling advanced data scientists to use the DataRobot enterprise AI platform to training, model experimentation, and production model deployment and management.

Also read:  NetApp announces agreement to acquire cost optimization firm Spot

DataRobot cofounder and CEO Jeremy Achin commented that the team is thrilled to partner with BCG’s world-renowned team of data scientists and consultants to help businesses realize the full potential of AI.

The SOURCE AI team’s achievements have been impressive and the DataRobot team looks forward to tapping their expertise and lead AI innovation, Achin added.

SOURCE AI was built to enable data scientists to write code in unrestricted ways and to help enterprises build industry-specific AI solutions. The BCG GAMMA team had recently developed Lighthouse by BCG, a decision support and scenario planning solution during the ongoing COVID-19 crisis build on SOURCE AI.

 

Source: https://www.datarobot.com/news/press/datarobot-acquires-boston-consulting-groups-source-ai-technology-kicking-off-industry-first-strategic-partnership/         

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Pure Storage takes over Portworx to support Kubernetes & containers
Pure Storage takes over Portworx to support Kubernetes & containers
By Hrishikesh Kadam

Storage as-a-service solutions provider, Pure Storage, has reportedly signed an agreement for the acquisition of leading Kubernetes data services platform, Portworx, for an approximate sum of $370 million. The transaction is reported to be the larges...

MaxLinear purchases intellectual property provider NanoSemi Inc
MaxLinear purchases intellectual property provider NanoSemi Inc
By Hrishikesh Kadam

Leading integrated circuits provider, MaxLinear, Inc., has reportedly announced its takeover of NanoSemi, Inc., the forerunner in the provision of intellectual property, deploying patented machine learning techniques for the enhancement of power effi...

Syncron introduces new solutions to enhance Syncron Service Cloud
Syncron introduces new solutions to enhance Syncron Service Cloud
By Hrishikesh Kadam

Syncron has recently announced two new releases to make significant enhancements to its Syncron Service Cloud. The Syncron Inventory 20.1 and Price 20.2 solutions are designed to assist OEMs (original equipment manufacturers) in enhancing their liqui...