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Technological Growth of Cognitive Computing Market
Now-a-days, business organizations are full of massive amount of data and they are increasingly looking to new technologies to process this immense data available with them which is in the form of human language, pictures, and videos and in many other complex form. Cognitive Computing has the capability to make out some precious information from this available vast amount of dark data on the basis of contextual and behavioral analysis.
Cognitive Computing can be categorized on the basis of three technologies, namely Natural Language Processing (NLP), Machine Learning, and, Automated Reasoning which are widely used by enterprises of various sizes to process the dark data available with them. Some of the leading companies in this market include IBM, Microsoft, Google, Palantir, and, Saffron Technology. These players have shown promising signs and have developed expertise that proves their leading role in this market. Besides these players, the other players who have significant offerings in the market are Cognitive Scale, Cold Light, Numenta, Vicarious, and, Enterra Solution. These players have a significant portfolio in market and are gradually catching up with the leading players in the market.
IBM is the leading player in the cognitive computing market with the IBM’s Watson services in this market. Watson Cognitive Computing is the first computing machine that can deal with all type of problem in identical way of human brain. It works on the principle of neocortex of human brain and works on real times basis.
MarketsandMarkets has recently published its latest research report on the Cognitive Computing market titled “Cognitive Computing: Global Advancements, Market Forecasts, and Analysis (2014 – 2019).” This comprehensive coverage of the Cognitive Computing market provides important inputs such as drivers, restraints, and opportunities of this market, profiles the major players in this market, maps the competitive landscape, and provides the overall perspective on the Cognitive Computing market across the various verticals and regions.
Cognitive Computing Market by Technology (Natural Language Processing, Machine Learning, Automated Reasoning), by Deployment Model (On-Premises, Cloud) & by Regions - Global Forecast to 2019
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