FRANKFURT, Germany & NEW YORK & LONDON--(BUSINESS WIRE)--Arago, a pioneer in artificial intelligence (AI) and leader in intelligent automation based in Frankfurt and New York City, has received the Frost & Sullivan 2017 European New Product Innovation Leadership Award in the semantic intelligence industry for its flagship product HIRO. Arago’s HIRO is a general AI platform that can autonomously run any process within an organization. The Excellence Award by global consultancy Frost & Sullivan aims at driving innovation and a positive change in the global economy by recognizing outstanding achievement and superior performance in areas such as technological innovation across a wide range of major industries. The Award reflects Arago’s commitment as a global AI innovation leader and its mission to empower enterprises across a wide range of industry sectors.

The New Product Innovation Award is based on two overall categories: New Product Attributes as well as Customer Impact. Arago’s HIRO received the highest rating of 10 in both categories, far outperforming its competition. Frost & Sullivan confirm that using AI such as HIRO can contribute to reducing labor costs while freeing resources to develop new business opportunities.

“HIRO achieves an 87% automation rate across the entire IT stack. This enables our clients to decrease their operational cost by 50% – giving them the opportunity to innovate and grow”, explains Chris Boos, CEO of Arago. He continues: “The Frost & Sullivan 2017 European Semantic Intelligence New Product Innovation Award is a great validation of HIRO’s qualities for our clients and the incredible work our people put into this. We have invested 20-years of research effort to deliver a commercially proven general AI platform that is a significant lever for the digital transformation of our clients.”