Franz’s Allegro Common Lisp Meets Demand for High Performance AI and IoT Applications

By on

by Angela Guess

A recent press release states, “Franz Inc., an early innovator in Artificial Intelligence (AI), leading supplier of Common Lisp (CL) development tools, and market leader for Semantic Graph Database technology, today announced Allegro CL 10.1, which includes key performance enhancements now available within the most effective system for developing and deploying applications to solve the challenges developers face in the field of Artificial Intelligence and the Internet of Things (IoT). ‘The market is recognizing the increasingly symbiotic relationship between the IoT and cognitive computing.’ said Dr. Jans Aasman, CEO of Franz Inc. ‘This release of Allegro CL 10.1 with support for ARM processors provides IoT developers a high performance tool to scale their applications and deliver innovative and intelligent IoT products to market’.”

The release continues, “Growth in Artificial Intelligence technologies has surged recently. According to MarketsandMarkets the artificial intelligence (AI) market is expected to be worth $16.06 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 62.9% from 2016 to 2022. Similarly the IoT market size is estimated to grow from $157.05 Billion in 2016 to $661.74 Billion by 2021, at a CAGR of 33.3% from 2016 to 2021… ‘Demand for faster, more intelligent and scalable applications is increasing with the Big Data onslaught that is impacting applications in traditional AI industries like National Defense, but also in Life Sciences, Manufacturing and Financial Analytics,’ said Dr. Jans Aasman, CEO of Franz Inc. ‘Franz Inc. is well positioned with Allegro CL and AllegroGraph to capitalize on the opportunities in the AI and IoT markets.’ Franz’s technology also played a vital role in the recent discoveries of the Trappist-1 Exoplanets via the Spitzer Space Telescope. Spitzer Integrated Resource Planning and Scheduling System (SIRPASS) has helped produce spacecraft activity plans for the Spitzer Space Telescope and was developed with Allegro CL.”

Read more at PR Web.

Photo credit: Franz

Leave a Reply