The cognitive computing market is expected to grow in the coming years , the rise of technology domains such as cloud and edge are facilitating this growth
AI STRATEGY
The cognitive computing market is expected to grow in the coming years , the rise of technology domains such as cloud and edge are facilitating this growth
WRITTEN BY : CATHERINE GRAY
Cognitive computing is , for many businesses , an important tool as it can help companies accomplish many goals ranging from communicating with stakeholders to executing critical research .
At their core , cognitive computing systems are adaptive and can quickly adjust to any company ’ s digital transformation strategy as it changes with new and innovative technologies .
Commonly associated with the phrase cognitive computing is IBM ’ s system , Watson , a portfolio of business-ready tools , applications and solutions designed to reduce the costs and hurdles of artificial intelligence ( AI ) adoption while optimising outcomes and responsible use of AI .
IBM Cognitive looked into early adopters of cognitive computing . These companies that embraced the capabilities of cognitive computing saw a considerable return on investment : 5 % of respondents said the technology became crucial to the overall success of the business ; 58 % said it was pivotal in the company-wide digital transformation , and 58 % said it would remain an important competitive advantage in the future .
With many businesses utilising AI-powered technology , a lot of research is starting to show an expected significant growth in the cognitive computing global market . aimagazine . com 47