FOR IMMEDIATE RELEASE: August 7, 2023
Albuquerque, NM – Access Innovations, provider of Data Harmony software solutions, is proud to announce they have been named as a Sample Vendor in the Gartner® Hype Cycle™ for Finance Data and Analytics Governance, 2023, in the Semantic Search category. According to Gartner, “Legacy approaches to D&A governance are no longer practical in today’s increasingly digital data world. This Hype Cycle will help FP&A leaders to make informed decisions about the latest finance D&A governance trends, explore the newest innovations and identify appropriate investment opportunities.”
In the report, Gartner analyst Stephen Emmott describes: “Semantic search processes natural language to capture the relationships between words in addition to words themselves. By processing ‘things, not strings,’ entities such as people, organizations and products are revealed along with their attributes and relationships. This serves to better mediate between intent and outcome within a given context, improving relevance and accuracy.”
Mr. Emmott goes on to say this is important because “Semantic search amplifies performance by indexing words and their relationships to one another. This enables the processing of what is represented by content and data, as well as the context and intent of natural language queries, thereby improving the accuracy and relevance of experiences compared to keyword-based search. Such an approach impacts all types of search, especially domain-specific, and it can represent a critical component of generative AI pipelines in a variety of design patterns.”
Mr. Emmott considers the Benefit Rating to be high, Market Penetration to be 5% to 20% of the target audience, and Maturity to be early mainstream.
“We’re delighted to be recognized for semantic search,” said Marjorie M. K. Hlava, President and Founder of Access Innovations. “Many of our clients in the scholarly publishing sector have implemented our systems and are successfully using them in analytics for several use cases, including business, membership, sales, conferences and meetings, and marketing analytics.”
“We provide services in some of the other categories in this report as well,” commented Heather Kotula, VP of Marketing and Communications at Access Innovations. “I hope we’ll be recognized for those in the future. In the meantime, our clients and their customers enjoy the benefits of our work every day.”
GARTNER and HYPE CYCLE are the registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. 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 or other designation. 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.