Cognitive Analytics
Cognitive analytics is an amalgamation of analytics and cognitive computing technologies which help humans take informed and smarter decisions. It applies human-like intelligence to various tasks, such as identifying context from the text, audio, and image. Cognitive analytics solutions utilize varied technologies comprising Artificial Intelligence (AI), semantics, and learning techniques, such as machine learning and deep learning. These technologies and techniques make an application more effective and smarter over time, by learning from its interaction with humans and data. The demand for cognitive analytics is growing rapidly, owing to its ability to manage large volumes of data that might be structured, unstructured, or semi-structured. Rising adoption of cognitive computing technology, increasing volumes of complex data, and use of advanced analytics techniques are also driving the demand for cognitive analytics among organizations.
IBM Watson tops the list of vendors in the best cognitive analytics solutions space
Being powered by 850 analysts, the platform has rated the top vendors in cognitive analytics solutions space. In a recent assessment released by 360Quadrants, IBM Watson topped the list of vendors in the best cognitive analytics solutions space, followed by Microsoft Azure and Google DeepMind, whereas, Beyond Verbal and Decooda have been listed as emerging companies.
IBM Watson in Cognitive Analytics solutions was rated the best in product quality, reliability, and breadth and depth of offering. Following it is Microsoft Azure and Google DeepMind, which secured the second and the third spots, respectively. Analyzing more than 50 vendors in this space, 360Quadrants has placed the top 31 cognitive analytics solutions vendors in the quadrant, based on their quality, reliability, and business outcomes. These 31 vendors have been categorized into Visionary Leaders, Dynamic Differentiators, Emerging Companies, and Innovators based on their performance and most insightful cognitive analytics solutions reviews.
Competitive Leadership Scenario
360Quadrants recognizes IBM Watson, Microsoft Azure, Apple Siri, Google DeepMind, Amazon TensorFlow, Cisco, Oracle, Dell EMC, and SAS, as Visionary Leaders, mainly because of their established product portfolio and very strong market presence, since they provide mature and reputable cognitive analytics solutions.
HPE Haven OnDemand, Persado, Narrative Science, Nuance Communications, QUALCOMM Visual Intelligence Platform, and Expert System have been named as Innovators, since they have very focused product portfolios and demonstrate substantial product innovations.
Nokia Corporation has been listed as Dynamic Differentiators, since it is an established vendor with very strong business strategies.
Sparkcognition, Nohold, Enterra, Beyond Verbal, Decooda International, and Sinequa have been recognized as Emerging Companies. Although they do not have many strong business strategies as compared to the other established vendors, they are starting to gain their positions in the global market with their niche product offerings. 360Quadrants platform provides the most granular cognitive analytics solutions comparison between vendors.
About 360Quadrants
360Quadrants, powered by MarketsandMarkets™, is the only comparison platform that combines expert analysis with crowdsourced insights. It covers emerging markets and technologies that are yet to be explored in detail. The platform gathers reviews from buyers, vendors, experts, and in-house analysts that influence the criteria used to position the company on the Quadrant.
Buyers get to simplify and de-risk complex purchase decisions. They get granular, unbiased and personalized comparison of products to their specific buying criteria. Vendors get an opportunity to position themselves to win ideal new customers, exclusively customized quadrant showcasing their strength, deep dive comparison giving an understanding about trending buying criteria and highlight winning and losing area. Experts get to be part of a grand community, improve their reputation, and grow their personal brand, where they influence the buying decision of not only Fortune 500 companies but also start-ups. It establishes them as thought leaders in their respective space and helps them follow a ‘share & gain’ suit for knowledge.
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Cognitive analytics enables organizations in the healthcare and life sciences industry to accelerate scientific discoveries, transform clinical trials, and improve the execution and engagement for better treatment and care management, leading to the high adoption of the technology in this industry.Organizations are deploying cognitive analytics solutions, either on-premises or on-demand (cloud).
The demand for cloud-based cognitive analytics solutions is expected to grow at a higher rate.
Due to the scalability and agility of cloud-based technologies, more enterprises are proactively adopting cloud-based cognitive analytics solutions to avail the cost-saving benefits and increase their operational efficiency.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2312709Over the next five years, LPI(LP Information) projects that Cognitive Analytics will register a 42.9% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 1800 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Cognitive Analytics market by product type, application, key companies and key regions.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The Key Manufacturers covered in this report:IBMAmazon Web ServicesGoogleMicrosoftOracleSAS InstituteIntelCisco SystemsNokiaHPENuance CommunicationsIpsoftNarrative ScienceSinequaPersadoThis study considers the Cognitive Analytics value generated from the sales of the following segments:Segmentation by Product Type: Breakdown data from 2014 to 2019, and Forecast to 2024.Managed servicesProfessional servicesDeployment and integrationSupport and maintenanceSegmentation by Application: Breakdown data from 2014 to 2019, and Forecast to 2024.Asset maintenanceFraud and risk managementCustomer analysis and personalizationSales and marketing managementSupply chain managementOthersGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2312709 In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole.
A CAGR is estimated to prompt global market development in the forthcoming period.The growing amounts of complex data are predicted to drive the cognitive analytics market in the approaching period.
Based on the technology, the cognitive analytics market has been segmented into Machine Learning, Automated Reasoning, Natural Language Processing (NLP), and others.
The end-user basis of segmenting the cognitive analytics market has been divided into SMEs and large enterprises.
In addition, the mounting need for real time analysis of huge clusters of data in several sectors in the region is promoting the implementation of cognitive analytical solutions.
In the meantime, lucrative opportunities are anticipated to come up in the regional market of APAC in the upcoming years, making it a central destination for market companies.
Also, the presence of strong investors in the regions is estimated to augment the global market in the forecast period.Competitive Analysis The marketing budgets in the market are estimated to be restricted due to the lack of liquidity in the market, and this is foreseen to transform the overall market in the impending period.
