Anodot, the AI-powered analytics company, announced that Ventana Research declared it the winner of the 2017 Digital Innovation Awards in the Analytics category. Anodot’s technology was recognized as the best analytics innovation across business and IT.

“It’s an honor to be recognized by Ventana Research for shaking up the business intelligence world with a completely new paradigm,” said Anodot CEO and Co-founder David Drai. “Traditional BI and visualization are limited to answering the questions you think of asking, but there are infinite possibilities and knowing what to ask of big data is nearly impossible. Our patented machine learning algorithms solve this major business challenge and provide businesses with invaluable insights that would have otherwise remained hidden.”

The Digital Innovation Awards recognize technology providers that have introduced noteworthy innovations in technology that advance business and IT. The award showcases advances in the productivity and potential of business applications as well as technology that contributes significantly to improved efficiency, productivity and the performance of an organization.

Companies can easily lose millions of dollars from preventable glitches. Anodot uses its patented artificial intelligence to uncover hidden insights in vast amounts of business data by identifying outliers in key performance indicators and correlating across multiple data sources. Anodot’s practical and innovative AI analytics solution can track highly complex data patterns with its unsupervised machine learning algorithms.

“Our research shows that most organizations do not have the skills needed to create and manage machine learning algorithms,” said David Menninger, SVP and Research Director of Data and Analytics Research at Ventana Research. “We selected Anodot for the Digital Innovation Awards because of their ability to make machine learning more accessible via automation and offering it as a service, allowing more businesses to identify issues and opportunities in real time that otherwise could have taken weeks to discover.”