Not many tech CEO's have the bravado to stand before an audience of their most loyal customers and promise them a game-changing a product, claiming that it will blow a ground-breaking technology like IBM Watson away. But that is exactly what OpenText CEO Mark Barrenechea did just over a year ago. Today, standing before an audience of more than 5000 gathered at Enterprise World in Toronto, Barrenechea delivered the goods. OpenText Magellan is a cognitive computing platform that provides users with machine-assisted decision making, automation, and business optimization at a price they can afford. Magellan was built to deliver actionable insights and intelligence from big data, big content, information streaming from sensors, the Internet of Things and more.
OpenText launches new artificial intelligence platform by leveraging open standards. Enterprise information management (EIM) services provider OpenText announced yesterday that its new AI platform, OpenText Magellan, is now available. According to the company, OpenText Magellan is a flexible AI and analytics platform that combines open source machine learning with advanced analytics and the capabilities to acquire, merge, manage and analyze big data and content. OpenText Magellan was first demonstrated at OpenText Enterprise World 2017. Designed to be easily integrated across any EIM architecture, it's touted as offering affordable machine-assisted decision making, automation and business optimization.
Science fiction anticipated the power of AI, predictive analytics and "talking" computers. But it typically showed only a small elite (Starfleet officers, hackers, robed mutant priesthoods) getting to use this influential technology. In real life, AI and its data-driven insights can benefit people with all levels of programming expertise – not just data scientists and computational linguists but line-of-business workers such as bankers, engineers, fashion merchandisers and insurance claims processors. OpenText knows that in every industry, AI-powered analytics and text mining can streamline operations and make them more cost-efficient, optimize the customer/citizen experience, and spot new business opportunities. EP6 (or Release 16.6), the biggest upgrade to the OpenText AI & Analytics offerings since Magellan was unveiled in 2017, continues OpenText's progress in analyzing and deriving value from both structured data (figures and labels that fit neatly into spreadsheet cells) and unstructured data (the billions of words of written documents, text chats, emails, social media, scanned images, and other content that wash around us every day).
OpenText is launching an artificial intelligence platform called Magellan that hopes to use the company's knowhow with unstructured and semi-structured data and open source to compete with the likes of IBM Watson. At EnterpriseWorld, OpenText's conference in Toronto, the company outlined its artificial intelligence and machine learning platform. OpenText focuses on enterprise information management and has a portfolio that extends into content management for industries, customer experience, and data discovery. In January, OpenText completed the purchase of Dell-EMC's enterprise content unit, which includes Documentum. For the third quarter, Open Text reported revenue of $593 million, up 35 percent from a year ago.
At the its Enterprise World 2017 in Toronto today, OpenText announced the rollout of Magellan – the Canadian enterprise information management software company's brand new artificial intelligence platform. And OpenText is not keeping it a secret that it has its eyes set on the market share help by top AI players. "OpenText Magellan is going head-to-head with the likes of IBM's Watson and SAP Leonardo," declared Adam Howatson, chief marketing officer of OpenText. But unlike many AI players, OpenText is taking a different route with Magellan. We're using Apache Spark and Lift," Howatson told IT in Canada.