Apr 26 2017
Franz Inc., an early innovator in Artificial Intelligence (AI), leading supplier of Common Lisp (CL) development tools, and market leader for Semantic Graph Database technology, today announced Allegro CL 10.1, which includes key performance enhancements now available within the most effective system for developing and deploying applications to solve the challenges developers face in the field of Artificial Intelligence and the Internet of Things (IoT).
"The market is recognizing the increasingly symbiotic relationship between the IoT and cognitive computing." said Dr. Jans Aasman, CEO of Franz Inc. "This release of Allegro CL 10.1 with support for ARM processors provides IoT developers a high performance tool to scale their applications and deliver innovative and intelligent IoT products to market."
Growth in Artificial Intelligence technologies has surged recently. According to MarketsandMarkets the artificial intelligence (AI) market is expected to be worth $16.06 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 62.9% from 2016 to 2022. Similarly the IoT market size is estimated to grow from $157.05 Billion in 2016 to $661.74 Billion by 2021, at a CAGR of 33.3% from 2016 to 2021.
"Cognitive computing's marriage with the IoT will enable the timely aggregation of sensor-driven streamed data with a plethora of sources both internal and external to the enterprise. The application of machine learning, deep learning, neural networks, and other AI algorithms will engender intelligent data to feed into predictive analytics for fully synthesized, time-sensitive cognitive analytic data." - IoT Evolution
"Demand for faster, more intelligent and scalable applications is increasing with the Big Data onslaught that is impacting applications in traditional AI industries like National Defense, but also in Life Sciences, Manufacturing and Financial Analytics," said Dr. Jans Aasman, CEO of Franz Inc. "Franz Inc. is well positioned with Allegro CL and AllegroGraph to capitalize on the opportunities in the AI and IoT markets."
Franz's technology also played a vital role in the recent discoveries of the Trappist-1 Exoplanets via the Spitzer Space Telescope. Spitzer Integrated Resource Planning and Scheduling System (SIRPASS) has helped produce spacecraft activity plans for the Spitzer Space Telescope and was developed with Allegro CL.
Source: http://franz.com/about/press_room/acl-10.1_4-25-17.lhtml