Today, we’re thrilled to announce we’ve been recognized by Gartner® as one of the five ‘cool’ vendors in the Data Management category. Gartner’s Cool Vendors reports identify "interesting, new, and innovative vendors, products, and services". We believe that Activeloop’s inclusion in the Cool Vendors in Data Management report highlights our company’s potential to disrupt the data management landscape with its innovative GenAI-powered solutions.
“We’re excited that Gartner recognized Activeloop as a 2024 Cool Vendor,” said Davit Buniatyan, CEO of Activeloop. “Working at the forefront of GenAI with customers like Flagship Pioneering, Bayer, and Matterport, it’s an honor to be acknowledged for our groundbreaking technology. Activeloop Deep Lake empowers enterprises to build their RAG data engine across diverse data modalities. This recognition validates our efforts and strengthens our commitment to innovation alongside partners such as Intel, AWS, and Microsoft. Our mission remains to create new ways to help enterprises structure their unstructured data and achieve accurate knowledge retrieval.”
Fueled by GenAI, the AI market is booming, projected to reach $110.7 billion by 2026 (Statista, 2024). Yet, companies struggle to leverage their private data effectively. Siloed, unstructured, or complex data hinders AI adoption. In fact, anywhere between 73% to 97% of company data sits unused. Activeloop Deep Lake solves this challenge.
Deep Lake empowers organizations to organize complex, unstructured data and retrieve knowledge with AI. This is especially crucial as data becomes increasingly multi-modal and demands innovative management solutions.
Gartner’s recognition reflects Activeloop’s commitment to the future of AI data management, as outlined in our previous blog post. This future involves:
- Live, Updating Datasets: Erasing the line between training and production data, enabling real-time learning and continual improvement.
- AI-Native Data Storage: Streamlining data storage specifically for AI, maximizing model performance.
- Integrated Memory-Compute Systems: Merging memory and models for faster processing, advanced reasoning, and mimicking human brain functionality.
Activeloop remains dedicated to empowering enterprises to organize complex unstructured data and retrieve knowledge with AI. This Gartner recognition fuels our passion to keep innovating and pushing the boundaries of AI data management.
For Gartner customers, the full report is available here.
Sources
Gartner, Cool Vendors in Data Management: GenAI Disrupts Traditional Technologies. Nina Showell, Ehtisham Zaidi, Aaron Rosenbaum, 30 May 2024
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