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RapidMiner Selected as Finalist for MIT Sloan CIO Symposium's Innovation Showcase

Companies mentioned in this article: RapidMiner

BOSTON, MA -- (Marketwired) -- 05/05/14 -- Pioneering predictive analytics leader RapidMiner today announced that the 11th Annual MIT Sloan CIO Symposium has named the company as one of ten finalists for the 2014 Innovation Showcase. The showcase will highlight the RapidMiner platform, which helps organizations leverage their data to inform future business decisions. RapidMiner will receive key exposure to many of the world's most creative and influential IT executives at the Symposium on May 21, 2014 in Cambridge, Mass.

"Advanced analytics is a rapidly-growing field that can significantly impact the way enterprises analyze data to make predictions that will define their future success," said Ingo Mierswa, co-founder and CEO of RapidMiner. "We're looking forward to the Innovation Showcase because it will provide the opportunity for Boston's most innovative organizations and influencers to experience first-hand how easy it is to both use RapidMiner and harness the power of predictive analytics."

According to a recent Research and Markets study, the global advanced analytics market is expected to increase 30 percent year-over-year between 2014 and 2018. With more than 35,000 production deployments and customers including Lufthansa, PayPal, Pepsi, Sanofi, Siemens, Telenor and Volkswagen, RapidMiner is one of the most widely known and used advanced analytics platforms, providing powerful software that helps organizations in a range of industries turn data into actionable output. Specifically, the company helps organizations in industries such as manufacturing, financial services, telecommunications and life sciences decrease churn, reduce fraud, and identify top customer prospects, and much more.

The company was recently positioned by Gartner, Inc. in the Leaders quadrant of the first "Gartner Magic Quadrant for Advanced Analytics Platforms," published February, 19, 2014.(1) The report is available for download at http://rapidminer.com/leader-gartners-magic-quadrant-advanced-analytics/.

"We are thrilled to have received such a high number of qualified Innovation Showcase submissions," said David L. Verrill, executive director of the MIT Center for Digital Business, and co-chair of the Innovation Showcase. "Each of the ten finalists we have chosen represents innovative technologies that have the potential to positively impact growth, and help CIOs move their digital enterprises forward successfully."

After careful consideration, the Innovation Showcase judges evaluated and selected the RapidMiner platform for this honor based on four important criteria:

  • Actively provides a B2B or B2C enterprise IT solution product to the market;
  • Is a start-up with less than $10 million in 2013 revenues or Series A funding;
  • Is selling enterprise IT solutions to CIOs or corporate IT departments; and
  • Shows innovation and/or strategic value with potential impact on the top and/or bottom lines.

For a full list of Innovation Showcase finalists, visit http://www.mitcio.com/innovation.

The Innovation Showcase will take place at 5:30 p.m. ET in the Kresge courtyard tent on Wednesday, May 21, 2014, at MIT, in Cambridge, Mass. The complete agenda for the MIT Sloan CIO Symposium is available at www.mitcio.com/agenda.

About the MIT Sloan CIO Symposium
The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, business, and best practices that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Boston Alumni Association and the MIT Center for Digital Business. Visit www.mitcio.com for more information and registration.

To stay connected to the Symposium and its community, follow updates on Twitter: https://twitter.com/mitcio.

Editor's Note: Journalists interested in a press credentials or speaking with any of the Showcase Innovation finalists should contact Derek Beckwith (derek@warnerpr.com; +1 617.331.3567) or Sadie Smith (sadie@warnerpr.com; +1 717.298.1865), Warner Communications.

About RapidMiner
Pioneering predictive analytics leader RapidMiner is redefining how business analysts use all kinds of data, including big data, to predict the future. With an open source heritage, RapidMiner is one of today's most widely known and used analytics platforms, providing powerful solutions for a wide variety of industries. For more information, visit www.rapidminer.com.

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

(1) Gartner "Magic Quadrant for Advanced Analytics Platforms," by Gareth Herschel, Alexander Linden, and Lisa Kart, February 19, 2104.

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