Gartner recognized Franz Inc. as a Key Neuro-Symbolic AI Provider in 2024 Hype Cycle for AI

Franz Inc.,  is proud to announce its recognition as a Neuro-Symbolic AI provider in Gartner’s report, Hype Cycle for Artificial Intelligence, 2024. Earlier this year, Franz announced AllegroGraph 8.0, the first Neuro-Symbolic AI Platform to integrate Knowledge Graphs, Symbolic AI, Machine Learning, and Vector Storage, while guiding Generative AI via Retrieval Augmented Generation (RAG) to supply LLMs with source-of-truth data and prevent hallucinations.

“Neuro-Symbolic AI is important because it addresses limitations in current AI systems, such as incorrect outputs, lack of generalization to a variety of tasks and an inability to explain the steps that led to an output. This leads to more powerful, versatile and interpretable AI solutions and allows AI systems to tackle more complex tasks with humanlike reasoning.” Source: Gartner, Hype Cycle for Artificial Intelligence, 2024.

As the first Neuro-Symbolic AI Platform, AllegroGraph combines Machine Learning (statistical AI), knowledge and reasoning (symbolic AI) with LLM and vector storage capabilities. This powerful combination enables AllegroGraph to solve complex problems that require reasoning and learn efficiently with less data, thereby expanding applicability across a broad array of tasks. The blending of machine learning and reasoning in AllegroGraph also produces decisions that are understandable to humans and explainable, an important step in the progression of AI.

“We are proud to see Gartner include Neuro-Symbolic AI on this year’s Artificial Intelligence Hype Cycle,” said Dr. Jans Aasman, CEO, Franz Inc. “Neuro-Symbolic AI represents the next evolution of artificial intelligence, where the integration of symbolic reasoning with machine learning delivers unparalleled accuracy, interpretability, and versatility. This approach advances AI technology and ensures that complex decision-making processes are transparent and reliable, setting new benchmarks for the industry.”

Gartner advises, “Invest in data architecture that can leverage the building blocks for Neuro-Symbolic AI techniques, such as knowledge graphs and agent-based techniques.” Source: Gartner, Hype Cycle for Artificial Intelligence, 2024.

Franz’s Neuro-Symbolic AI platform AllegroGraph offers the following suite of groundbreaking capabilities.

Learn more about the platform.