Cognitive Computing Market is Projected to reach $35,781.7 Million by 2023 – Semiconductor & Electronics Industry Insights
Cognitive computing refers to the next generation computing systems that converse in human language. The systems help experts across industries to make valuable decisions by understanding various complexities of big data. The rapid growth in global cognitive computing market is attributable to the development in advanced computing technologies such as natural language processing (NLP), automated reasoning, and machine learning, that translate unstructured data into key insights, which can be further sensed, inferred, and predicted for best business outcomes. Cognitive computing is relatively an emerging technology in the global advanced data computing marketplace. Cognitive computing includes typical combination of hardware and software, which find application in natural language processing technology and machine learning. Cognitive computing also has the capability to collect, process, and interpret the darkest data available with any business organization.
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