Virtualitics Inc., an artificial intelligence and data exploration company, today announced it has been recognized in eight Gartner® Hype Cycle™ reports. Gartner Hype Cycle reports provide a picture of the maturity and adoption of technologies across different functions, and how they are potentially relevant to solving real-world business problems and exploiting new opportunities. In the 2023 Gartner Hype Cycle, Virtualitics is recognized in eight reports, including:
- Hype Cycle for Data and Analytics Programs and Practices
- Hype Cycle for Analytics and Business Intelligence
- Hype Cycle for the Future of Enterprise Applications
- Hype Cycle for Data Science and Machine Learning
- Hype Cycle for Emerging Technologies
- Hype Cycle for Emerging Technologies in Finance
- Hype Cycle for Finance Analytics
- Hype Cycle for Human Services in Government
“Gaining recognition across eight Gartner Hype Cycles and in 3 separate categories, including graph analytics and multiexperiential analytics, is an exceptional milestone,” said Virtualitics CEO Michael Amori. “We’re especially pleased to be being singled out in the Future of Enterprise Applications category. I see this as an important marker of our leadership in a new category of data analytics we’re creating, Intelligent Exploration.”
Intelligent Exploration uses out-of-the-box AI to bring advanced analytics within reach of business and data analysts, not just data scientists. Users can make queries in everyday language, explore extremely complex datasets, uncover critical insights, and generate multi-dimensional visualizations.
Virtualitics’ AI-driven analytics solution includes innovations at multiple phases of the Gartner Hype Cycle: graph analytics, multiexperiential analytics including VR/AR collaboration, explainable AI, natural language query, data storytelling, and augmented analytics (enhanced by AI), among others. Together, these technologies form the foundation for Intelligent Exploration.
In the realm of finance, Intelligent Exploration is being used for customer segmentation and to explore and understand payments intelligence. Credit card issuers can detect and predict fraud risk factors using Virtualitics’ 3D network graph algorithm to visualize subtle, recurring patterns and define communities that humans can’t spot.
The Gartner Hype Cycle news follows on Virtualitics’ August announcement of a $37 million Series C investment by Smith Point Capital and inclusion on the Inc. 5000 List of Fastest-Growing Private Companies in America. “If I had to use one word to characterize what we’re achieving and doing, it’s acceleration,” says Amori. “Both in terms of our growth as a company and in how we are accelerating informed strategic decision-making.”
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