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Cognitive Computing: Key Applications and Benefits
Cognitive technology has many advantages and should not be underrated. Starting the transformation process and adopting creative technologies for a brighter and more productive future would benefit both organizations and humanity.
Fremont, CA: In the coming decades, cognitive technology would undoubtedly transform a lot of companies. It's an excellent opportunity for any company to exploit to make a variety of processes leaner.
However, Cognitive computing has swept the tech industry and is the latest buzzword among developers and techies. Cognitive computing's uses and benefits go beyond traditional AI systems since it's the fundamental principle of enhancing the human thought process.
Before looking into the CC applications and their benefits, let's understand how CC (Cognitive Computing) is different from AI (Artificial Intelligence)
Cognitive Computing vs. Artificial Intelligence
While artificial intelligence's basic utilization scenario is to apply the best algorithm to solve a problem, cognitive computing acknowledges further by evaluating several variables to simulate human intelligence and wisdom. Cognitive computing is a very different term from Artificial Intelligence.
- Cognitive computing learns & imitates the human thought process
Apart from artificial intelligence systems, which focus on a single problem, cognitive computing learns by observing patterns and advising humans on reacting appropriately based on what it has learned.
As a result, cognitive computing empowers humans to do quicker and more precise data analysis without worrying about the machine learning system making mistakes.
- Cognitive computing doesn't throw humans out of the picture
CC provides humans with superior grade precision in analysis while ensuring that everything is under their control. For example, AI in the healthcare sector will make all treatment decisions without consulting a human doctor. Simultaneously, cognitive computing would complement human diagnosis by collecting data and analysis, improving decision consistency, and adding a human touch to critical processes.
Going Cognitive: Advantages of Cognitive Computing
Cognitive computing assists in employing a computing framework for relevant real-life systems by providing the ability to interpret and process vast quantities of volumetric data. The following are some of the advantages of cognitive computing:
- Accurate Data Analysis
Cognitive systems are incredibly efficient at gathering, juxtaposing, and cross-referencing data to interpret a situation efficiently.
- Leaner & More Efficient Business Processes
It can spot market opportunities, evaluate emerging trends, and handle crucial process-centric issues in real-time. It can simplify processes, reduce risk, and pivot in response to changing circumstances by analyzing a large amount of data. It helps companies develop a proper response to uncontrollable factors while also assisting in developing lean business processes.
- Improved Customer Interaction
Cognitive computing enables businesses to provide consumers with only appropriate, contextual, and helpful knowledge, thus improving customer service and increasing customer satisfaction and engagement.