CARY, NC--(Marketwired - May 27, 2014) - Saffron Technology, a company building technology able to process information like the human brain to better help Fortune 1000 companies understand their data and make more informed decisions, today announced that Chris McGugan has joined its Board of Directors to help the company continue its growth trajectory.
"I first invested in the company in 1999. I've known since then that Saffron's approach was way ahead of anything else - even before Big Data became a household term," McGugan stated. "Fast forward to today and Saffron has taken a quantum leap forward in associative/machine learning with the build-out of its Natural Intelligence Platform which is truly changing the way businesses make informed decisions."
In development since 1999, the company's patented associative memory technology finds connections among data across diverse sources, without the need for rules or modeling, while learning incrementally and anticipating outcomes based on patterns it finds in the data. Saffron's Natural Intelligence Platform goes beyond finding patterns in the data: it helps clients identify similar events and understand root causes to rapidly inform decisions and reduce unnecessary risk and waste. Saffron is ideal for real-time operational risk intelligence and decision support; for industries including manufacturing, retail, defense, and healthcare.
"We are fortunate to have Chris McGugan lend his talents to our Board. As we continue to broaden the market for our Natural Intelligence Platform, Chris's insights and experience will be a significant asset to us," said Saffron CEO Gayle Sheppard. "In particular, Chris will help us accelerate our market penetration in key vertical markets such as manufacturing, healthcare and finance."
McGugan has been vice president of Vice President and General Manager of Emerging Products & Technology at Avaya since 2008. He previously held senior positions with Symbol Technologies, Cisco Systems and Belkin, among others.
Saffron Technology combines the power of computing with the genius of the human brain to help Fortune 1000 businesses understand what is in their data, analyze risk, predict future outcomes and make more informed decisions. Like the human brain, Saffron's Natural Intelligence Platform unifies hybrid data and associates new data inputs with existing ones. It identifies similarities, converging and repeating patterns and learns continuously in the process. Unlike the human brain, Saffron is not limited in size and can process tremendous amounts of data, including prior data inputs, to better anticipate trends and identify anomalies. Founded in 1999, Saffron is headquartered in Cary, North Carolina. For more information, please visit www.saffrontech.com.
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