BOSTON, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Indico, a provider of enterprise AI solutions for intelligent process automation, has been named a Cool Vendor in Data Science and Machine Learning by Gartner. The report, authored by Gartner analysts Peter Krensky, Svetlana Sicular, Jim Hare, Erick Brethenoux, and Austin Kronz, was released on September 11, 2018. Indico is one of just five companies recognized.

“Gartner, Inc.'s 2018 Cool Vendors research examines disruptive vendors that deliver rapid transformation projects, optimize the use of technology and solve challenges which have been around for a long time.”*

According to the 2018 Cool Vendors in Data Science and Machine Learning report, “Data and analytics leaders are seeking technologies with innovative approaches to ensuring the fundamentals of data science and machine learning.”  

Indico uses AI and machine learning to automate complex and expensive document-based workflows that are so prevalent in enterprises today. Historical approaches to automating these types of business processes have proven inadequate.

Gartner’s 2018 Cool Vendors in Data Science and Machine Learning report specifically calls out the growing importance of solving unstructured content challenges as a key component of process automation within the enterprise. "Analysis of unstructured data, such as text and images, has emerged from the Trough of Disillusionment and is headed for the Plateau of Productivity,” says the report.

“Our customers are recognizing the huge opportunity AI and machine learning provide in automating their document-based workflows to drive efficiencies and growth in their businesses,” said Tom Wilde, CEO of Indico. “We are thrilled with this recognition and believe it is due to all the effort that our team has put into bringing such a powerful and capable solution to the market.”

Other companies named 2018 Cool Vendors in Data Science and Machine Learning are DimensionalMechanics, Immuta, Octopai, and ParallelM.

*Gartner Press Release, Gartner Reveals 2018 Cool Vendors That Merge Technology and Business, July 2018, https://www.gartner.com/newsroom/id/3883764

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Indico
Indico is a provider of Enterprise AI solutions for intelligent process automation. Our focus is on helping to automate tedious back-office tasks, improving the efficiency of labor-intensive document-based workflows, and extracting valuable insights from unstructured content, including text and images. Our breakthrough in solving these challenges is an approach known as transfer learning, which allows us to train machine learning models with orders of magnitude less data than required by traditional content analysis techniques. With Indico, enterprises are now able to benefit from the dramatic advantages of machine learning in a fraction of the time. For more information, visit https://indico.io/.

Media Contact:
Tim Walsh
for Indico
617.512.1641