Cognitive Computing to be Implemented by Half of Surveyed Chief Executive Officers by 2019

by Tech Mainstream Staff


July 12, 2017


Cognitive Computing to be Implemented by Half of Surveyed Chief Executive Officers by 2019


An IBM report, the IBM Institute for Business Value (IBV) study, recently concluded that cognitive computing will play a pivotal role in their organization's future according to 73% of surveyed CEOs. This study was conducted from more than 6,000 executives across industries. An IDC spending guide recently asserted cognitive computing will increase from USD 3 billion in 2016 to over USD 31 billion by 2019.

What is cognitive computing? It is "next generation information system that can understand, reason, learn, and interact with humans in natural language. While traditional analytics can provide data-based insights, cognitive more easily turns these insights into actionable recommendations."

According to the study, there are three top priorities for cognitive investment: Information Technology, Sales and Information Security. The study also made recommendations to accelerate the cognitive process: "Envision the future: outline a 18-to-24-month digital strategy for adopting cognitive with a limited set of initiatives that paves the way for smaller, more exploratory investments with finite objectives and time frames; Ideate: focus on thorough and periodic assessments in the market and with target users. Experiment and educate the rest of the enterprise on how cognitive capabilities are being used— such as the use of natural language processing or machine learning for large data analysis and insights; Incubate and scale: during the shift from planning and design to execution, apply cognitive to specific use cases, rapidly explore and prototype solutions to solve specific and measurable business challenges."

 

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Source: https://www.arduino.cc/en/Guide/Introduction/

Augmented Reality is an enhanced version of reality where live direct or indirect views of physical real-world environments are augmented with superimposed computer-generated images over a user’s view of the real-world, thus enhancing one’s current perception of reality.

Source: https://www.realitytechnologies.com/ augmented-reality/

Chatbot is a piece of software that interacts with users in a conversational way.

Source: https://snatchbot.me/insight/250/ intelligent-chatbots


Deep Learning is a new area of Machine Learning research, which has been introduced with the objective of moving Machine Learning closer to one of its original goals: Artificial Intelligence.

Source: http://deeplearning.net/


DevOps is a set of software development practices that combines software development (Dev) and information technology operations (Ops) to shorten the systems development life cycle while delivering features, fixes, and updates frequently in close alignment with business objectives. Different disciplines collaborate, making quality everyone's job.

Source: https://en.wikipedia.org/wiki/DevOps


Docker is a tool designed to make it easier to create, deploy, and run applications by using containers. Containers allow a developer to package up an application with all of the parts it needs, such as libraries and other dependencies, and ship it all out as one package.

Source: https://opensource.com/resources/what-docker


FogHorn is an intelligent Internet of Things ( IoT) edge solution that delivers data processing and real-time inference where data is created.

Source: https://aws.amazon.com/blogs/architecture/foghorn-edge-to-edge-communication-and-deep-learning/


Hybrid Cloud is a computing environment that combines a public cloud and a private cloud by allowing data and applications to be shared between them.

Source: https://azure.microsoft.com/en-us/overview/what-is-hybrid-cloud-computing/


Kubernetes (k8s) is an open-source system for automating deployment, scaling, and management of containerized applications.

Source: https://kubernetes.io/blog/



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Source: https://en.wikipedia.org/wiki/WWW2


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