The announcement was fresh enough to invite excitement from the investors in the early morning trade on Thursday. The company's stock is currently trading at Rs66.70 up Rs2.30 or 3.57% than the previous closing of Rs64.40 on the BSE.
It is the first year that Gartner is publishing a Hype Cycle for Natural Language Technologies (NLT). According to the report, “Recent advances in artificial intelligence and machine learning have enabled innovative approaches and advances in the field of natural language technologies. This report will assist CIOs and other enterprise leaders in assessing how and where these new opportunities and methods can best be applied.”
Datamatics was recognized in this report under Text Summarization as a Sample Vendor. Datamatics has its own platform TruAI which is a comprehensive Artificial Intelligence and Cognitive Sciences solution that helps enterprises leverage cases related to pattern detection, text and data mining, and computer vision. It allows enterprises extract intelligence from high volumes of high-velocity data including structured, unstructured, and multi-structured data from diverse sources.
“Datamatics TruAI allows enterprises to add intelligence to their existing technology and processes. We have enabled enterprises across Banking, Insurance, Logistics, and Government Agencies to solve challenging problems across fraud, compliance, and customer experiences,” Mitul Mehta, Senior Vice President - Marketing and Communications, Datamatics, said.
“We are happy to be recognized in the Gartner Hype Cycle for Natural Language Technologies, 2020. I believe this inclusion is a testament to the great work our engineers are doing,” Mehta added.