What is Cognitive Computing?

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Overview:

According to a recent report, the global cognitive computing market size reached US$ 32.8 Billion in 2022.

About Cognitive Computing

  • Cognitive computing is the use of computerized models to simulate the human thought process in complex situations where the answers might be ambiguous and uncertain.
  • It is an attempt to have computers mimic the way the human brain works.
  • The goal is to create intelligent systems that can adapt and make decisions similar to the way humans would.
  • To accomplish this, cognitive computing uses artificial intelligence (AI) and other underlying technologies, including the following:
    • Expert systems.
    • Neural networks.
    • Machine learning.
    • Deep learning.
    • Natural language processing (NLP).
    • Speech recognition.
    • Object recognition.
    • Robotics.
  • It uses these processes in conjunction with self-learning algorithms, data analysis, and pattern recognition to teach computing systems.
  • Cognitive computing applications analyze patterns and apply machine learning to replicate human capabilities such as deduction, learning, perception, and reasoning. 
  • Unlike traditional programmed systems, cognitive computing solutions can analyze large amounts of unstructured data from various sources and identify patterns and insights. 
  • They can interpret text, images, speech and make connections across data. Over time, these systems continue to learn from their interactions and experiences.
  • The learning technology can be used for sentiment analysis, risk assessments, and face detection.
  • In addition, cognitive computing is particularly useful in fields such as healthcare, banking, finance, and retail.

Q1) What is Machine Learning?

Machine learning is a branch of artificial intelligence (AI) and computer science which focuses on the use of data and algorithms to imitate the way that humans learn, gradually improving its accuracy.

Source: Cognitive Computing Market Share, Size, Trends Analysis, Report 2023-2028