Cognitive Computing Leads to Business Growth

By Jyoti Nigania |Email | Aug 22, 2018 | 4365 Views

Computers are always been quicker than humans at consuming, calculating and computing data and artificial intelligence have benefited   a boon for our global economy. Combining insights from computer science with cognitive science can advance human thought, shape outcomes in ways that transform the process of human capital development and enhance overall employee contributions and engagement. Additionally, these synergies can boost the quantitative and qualitative results that factor into an organization's big-picture efforts to stay competitive and drive revenue.

What exactly is cognitive computing?
Cognitive computing is a computing technology that id more focused on reasoning and understanding at higher level. It is the ability that can surpass human cognitive ability to take decisions in complex situations. 
Some believes that it can deal with huge number of data and with the help of analytical tools, it facilitates in complex decision-making process. It facilitates human with cognitive intelligence to take strategic decision in difficult situations. With the integration of different analytical, predictive and prescriptive tools in cognitive computing, it understands, learns and analyzes data to offer user with actionable insights. One of the emerging cognitive computing tasks is Sentiments Analysis to understand the context and nuances in user input data and language used by them.

Deloitte Consulting describes the wide-ranging benefits of the technology in this way, Cognitive Computing is a collection of algorithmic capabilities that can augment employee performance, automate increasingly complex workloads and develop cognitive agents that stimulate both human thinking and engagement. As you seek to develop your organization's most valuable assets and scale both its short and long-term goals, consider leveraging the following benefits of cognitive computing to your organization's advantage. 
1. Improves Employees Performance:  Employees can get benefit from self-learning algorithms which help them to perform their task faster and in a better way. This will lead to higher productivity by automating repetitive, low-value tasks like updating records and details of the client. Cognitive computing benefits with the unlimited opportunities for employees to increase their thinking abilities and improve contributions and enhance overall engagement. 
2. Data Analysis: By integrating and analyzing big data, cognitive-based systems learn to interpret technical and industry-specific jargon and also apply high-level reasoning and in some situations predictive modeling is used to develop complete solutions which results in a higher quality of overall data analysis.
3. Improves Business Performance: Companies are always in search for more effective methods to leverage technology to their benefit. Cognitive computing helps businesses to achieve communicate with stakeholders, mitigate risk and even course correct where necessary. Businesses that merge strategic planning with the use of these smart technologies can definitely achieve long-term performance. 
Hence, if any organization is struggling to leverage the new disruptive technology then definitely opt cognitive computing this will definitely give advantage to those all industries. 

Source: HOB