New York-based Devron has been named the Best Machine Learning Company in the sixth annual AI Breakthrough Awards program. The awards recognized the most innovative companies, products, and technologies in the AI industry, with over 3,200 nominations submitted from more than 20 countries across the globe. Devron was recognized for its federated data science and machine learning platform, which enables companies to accelerate their machine learning and AI initiatives, reduce the risk of data movement and expedite time to insight.
Devron’s machine learning platform solves numerous challenges for customers dealing with private and immovable data, distributed datasets, and sharing data between companies without revealing the raw information. In addition, Devron’s proprietary algorithms, as well as privacy technologies and controls, can help overcome jurisdictional, regulatory, data sovereignty, and data-sharing issues.
According to Gartner, 75% of enterprise data will be created and processed outside traditional centralized data centers or cloud by 2025. The same report noted that by 2024, data privacy laws would cover 75% of the global population. Devron’s federated approach allows data owners and providers to control the privacy of data while enabling business units, regional teams, customers, and partners to share data securely and privately.
David Murray, Chief Business Officer of Devron, commented, Devron enables organizations to accelerate their data science efforts and realize better business outcomes with their data. With our solution, data science teams no longer need to expend significant time, effort, or money moving or gaining access to data; we’ve established a new AI and data science paradigm to help companies better realize the full potential of their data while setting a new standard for data privacy.
Frequently Asked Questions (FAQs) Related to the Above News
Which company won the Best Machine Learning Company Award in the AI Breakthrough Awards program?
Devron, a New York-based company, won the Best Machine Learning Company Award in the AI Breakthrough Awards program.
What did Devron win the award for?
Devron was recognized for its federated data science and machine learning platform, which enables companies to accelerate their machine learning and AI initiatives, reduce the risk of data movement and expedite time to insight.
How many nominations were submitted for the AI Breakthrough Awards program?
Over 3,200 nominations were submitted from more than 20 countries across the globe for the AI Breakthrough Awards program.
What challenges does Devron's machine learning platform solve for customers?
Devron's machine learning platform solves numerous challenges for customers dealing with private and immovable data, distributed datasets, and sharing data between companies without revealing the raw information.
What does Gartner predict about enterprise data in the future?
Gartner predicts that 75% of enterprise data will be created and processed outside traditional centralized data centers or cloud by 2025.
How does Devron's federated approach help with data privacy?
Devron's federated approach allows data owners and providers to control the privacy of data while enabling business units, regional teams, customers, and partners to share data securely and privately.
Who commented on Devron's solution?
David Murray, Chief Business Officer of Devron, commented on Devron's solution.
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