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.