Accern, a leading provider of no-code Generative AI for Financial Services, has been recognized by Gartner in their 2023 Hype Cycles for Data Science and Machine Learning, as well as Emerging Technologies in Banking. Accern has been specifically acknowledged for its capabilities in Adaptive Machine Learning (ML), a pivotal innovation in the data analytics landscape.
Adaptive ML enables businesses to swiftly adapt to evolving data without the need for an intensive overhaul of their established models. With Accern’s solutions driven by Adaptive ML, financial and banking institutions can make sharper decisions, optimize their operations, and enhance customer engagement. The self-evolving nature of Adaptive ML tailors AI functionalities at both business and user scales, making it indispensable in areas such as customer retention, fraud detection, cybersecurity, conversational bots, and more.
Gartner’s Hype Cycle for Data Science and Machine Learning 2023 report highlights the specific benefits of Adaptive ML. It brings AI closer to self-learning, allowing faster responses to changes and outpacing traditional static models. This evolution ensures systems remain resilient even amidst significant disruptions. Adaptive ML is most valuable in dynamic settings, where it can fine-tune models post-deployment, impacting sectors like cybersecurity, fraud detection, and smart robotics. In today’s fast-paced business landscape, Adaptive ML provides real-time data processing and decision-making, extends model accuracy, and reduces the need for frequent model retraining.
Accern’s inclusion in Gartner’s Hype Cycles is a testament to the company’s technology capabilities, market presence, and the value it provides to its customers. Companies recognized in the Hype Cycle are at the forefront of emerging technologies and have the potential to transform their respective industries in the coming years.
Accern’s no-code generative AI platform is extensively used by top organizations in the financial services industry to categorize, extract, summarize, and analyze unstructured content such as news, reports, documents, and call transcripts. Accern has gained recognition from leading institutions including Mizuho Bank, UniCredit Bank, William Blair, Interactive Brokers, and Standard Bank.
Accern, headquartered in New York City, is a Forbes 30 Under 30 company and has raised $40 million from top institutional investors. The company’s focus has always been on pushing the boundaries of what’s possible in data science, and their recognition in Gartner’s Hype Cycles validates the transformative impact of their Adaptive ML capabilities in data-rich and insight-hungry industries like banking.
Accern’s achievements in the field of Adaptive ML demonstrate their team’s hard work and commitment to innovation. As they continue to innovate and provide solutions powered by Adaptive ML, Accern is poised to make a significant impact in the financial services industry and beyond.