SAN JOSE, Calif., April 24, 2017 /PRNewswire/ -- Quantum Corp.
(NYSE: QTM) today announced it will showcase Veritone Inc.'s
multi-engine artificial intelligence (AI) platform in a Quantum
StorNext®-managed environment at the 2017 NAB Show. The
two companies recently signed an agreement establishing a strategic
relationship under which Veritone® aiWARETM ―
a hybrid on-premise and cloud version of Veritone's best-in-class,
cloud-based AI platform ― will be offered as an integrated solution
with Quantum's industry-leading StorNext workflow storage. This
combination will allow users to leverage the power of Veritone's
cognitive analytics ― along with top cognitive engines in areas
such as face detection, object recognition and transcription ― to
extract new value from their on-premise video and audio content
without having to move it to the cloud. As a result, customers that
have made significant investments in on-premise storage and/or have
cost or security concerns about storing their content in the cloud
will be able to take advantage of Veritone's cognitive capabilities
and analytics in a StorNext-based solution.
Artificial Intelligence: Maximizing Data's
Value
Analyst firm IDC forecasts that the amount of image
and video content created or consumed for entertainment purposes
will exceed 40 zettabytes by 2025, approximately four times the
amount in 2016.* As media and entertainment
organizations look to maximize the value of this growing content,
artificial intelligence will play an increasingly important role.
Cognitive engines enable users to delve deeper and faster into
their content and leverage the results to drive greater business
and organizational success. Examples include:
- Creating more customized video-on-demand through more robust
metadata tagging of existing content.
- Providing better ROI data to sponsors by identifying where and
how often a logo appeared in highlight clips beyond an original
broadcast.
- Speeding postproduction work through enhanced context-based
search and discovery.
Veritone aiWARE: Delivering Unparalleled Cognitive
Intelligence
Veritone aiWARE is a groundbreaking new version
of Veritone's cloud-based AI platform. It will enable companies,
government agencies and other large organizations to deploy
Veritone's cognitive services and applications in a hybrid cloud or
on-premise deployment model that brings the power of AI processing
from the cloud to customer data behind firewalls, thereby enabling
extraction of actionable intelligence hidden within that data.
Quantum-Veritone Combination: Unlocking New Value From Stored
Content
Quantum's StorNext-powered workflow storage
solutions deliver industry-leading performance and advanced data
management in the most demanding media environments. These
solutions minimize storage costs through a multi-tier approach
encompassing flash, spinning disk, object storage, tape and the
cloud, enabling users to retain petabytes of content while
providing ready access whenever and wherever that content is
needed. Because cognitive engines can deliver greater value with
the more data they have to analyze, StorNext is an ideal platform
for Veritone aiWARE. The combination of the two will enable users
to apply AI to on-premise stored content that previously could not
be leveraged for this purpose and to add new content for analysis
as the data is captured.
Quantum will be highlighting the benefits of this powerful
combination in the company's booth (SL5810) at the 2017 NAB Show in
Las Vegas, April 24-27. In addition, over the next few
months, Quantum and Veritone will be working to further develop a
joint StorNext-aiWARE solution and bring it to market.
Supporting Quote
Geoff
Stedman, Senior Vice President, Products and Solutions,
Quantum
"Artificial intelligence offers the opportunity to
extract dramatically more value from data in ways that were
previously impossible, and even unimaginable in some cases. By
providing a unique platform for best-of-breed cognitive engines,
Veritone has emerged as a clear leader in AI. We look forward to
bringing the benefits of their technology to a broader base of
media and entertainment customers, extending Quantum's role as the
premier provider of data storage and management solutions in this
market."
Additional Resources
- Learn more about the Veritone Platform:
https://www.veritone.com/wp/learn-more/
- Read about StorNext workflow storage: www.stornext.com
About Quantum
Quantum is a leading expert in scale-out
tiered storage, archive and data protection. The company's StorNext
platform powers modern high-performance workflows, enabling
seamless, real-time collaboration and keeping content readily
accessible for future use and re-monetization. More than 100,000
customers have trusted Quantum to address their most demanding
content workflow needs, including large government agencies,
broadcasters, research institutions and commercial enterprises.
With Quantum, customers have the end-to-end storage platform they
need to manage assets from ingest through finishing and into
delivery and long-term preservation. See how at
www.quantum.com/customerstories.
Quantum, the Quantum logo, and StorNext are either registered
trademarks or trademarks of Quantum Corporation and its affiliates
in the United States and/or other
countries. All other trademarks are the property of their
respective owners.
"Safe Harbor" Statement: This press release contains
"forward-looking" statements. All statements other than statements
of historical fact are statements that could be deemed
forward-looking statements. Quantum advises caution in reliance on
forward-looking statements. Forward-looking statements include,
without limitation, i) Quantum's strategic relationship with
Veritone; the anticipated products resulting from the relationship;
and the features, performance and benefits of those products, ii)
anticipated forecasts, trends and business conditions in relevant
markets, including the media and entertainment and artificial
intelligence markets; and iii) Veritone's and Quantum's stand-alone
product offerings, including aiWARE and StorNext, and their
features, performance and benefits. All forward-looking
statements are based on information available to Quantum on the
date hereof. These statements involve known and unknown risks,
uncertainties and other factors that may cause Quantum's actual
results to differ materially from those implied by the
forward-looking statement. Detailed information about these risk
factors is set forth in Quantum's periodic filings with the
Securities and Exchange Commission, including, but not limited to,
those risks and uncertainties listed in the section entitled "Risk
Factors," in Quantum's Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on February 2, 2017. Quantum expressly
disclaims any obligation to update or alter its forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law.
*Source: IDC White Paper, sponsored by Seagate, Data
Age 2025, April 2017
Public Relations Contact:
Brad Cohen
Quantum Corp.
+1 (408) 944-4044
brad.cohen@quantum.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/quantum-to-showcase-veritones-artificial-intelligence-platform-in-a-stornext-environment-at-nab-300444031.html
SOURCE Quantum Corp.