The cognitive computingbrings to light the basic difference in the way systems are designed andcommunicate with humans. Furthermore, the cognitive – centric systems by market
players such as Statistical Analysis System (SAS), Tibco Software, Hewlett
Packard (HP) and Nuance Communications Inc. among many others fuel knowledge
and communicate with humans more naturally compared to the traditional systems.
Earlier this year, IBM’s start-up accelerator program Alpha Zone announced
their preliminary screening procedure to back budding Israeli start-ups and
enhance solutions using cognitive computing technologies. Through this program
IBM plans to concentrate on the enterprises that can effectively combine their
services with cognitive computing technologies.
Additionally, a recent
discovery in trajectory from an imaginary buddy to a cognitive playmate is from
the brand, Elemental Path. Last month the company launched dino a plastic
dinosaur which can outshine its predecessors in terms of magnitude. Dino seems
to poses a brain of its own and is capable of initiating and managing
interactive dialogues. The toy is believed to revolutionize kids’ education by
answering plain-English questions. Recently Allied Market Research published a
report titled “Global Cognitive Computing Market (Technology, Application, End
User, Deployment Type and Geography) - Size, Share, Trends, Company Profiles,
Demand, Insights, Analysis, Opportunities, Segmentation and Forecast, 2014 –
2020.”The report takes a closer look at the cognitive computing industry
globally in terms of technology, application, end-user, demographic regions and
deployment type.
Amongst many such
momentum in the cognitive computing industry WayBlazer a budding travel
cognitive start-up has secured approximately $ 5 million from IBM. In another
event in June Perpetuuiti TechnoSoft inaugurated its R & D centre in
Chennai to concentrate on the various development taking place in the area of
both cognitive computing as well as artificial intelligence. In April the
‘itNews’ reported that ACARA (Australian National Curriculum Authority) has
plans to introduce cognitive computing technology in order to mark the
benchmarking exams sat in the country.
Eyeing the growing investment pockets, news partnerships and application
of cognitive computing technology in energy sector, healthcare, education,
travel and so on the future of the aforesaid technology looks promising.
