We have, up to this point, had decades of benefits accrued through computing -- but what innovations will push the envelope for our seniors? Artificial intelligence (AI) is the information of science. AI is misunderstood and glamorized by some, making it out to be something other than what it really is. It gives us the ability to use computers to perform tasks that usually require human intelligence. What was dubbed "artificial" is coming to be more appropriately thought to be cognitive intelligence, giving us tremendous benefits in all fields including aging, health, and safety.

Cognitive Computing in its essence is tremendously creative, it helps us to find complex correlations, and lets us see things that could not be seen with an average human eye. What once was science fiction, is now reality. And that's why I want to share a couple of practical examples, how life sciences companies have applied cognitive services and artificial intelligence to transform their businesses and ultimately provide better, innovative products, invent new business models, provide personalized, customer-centric services and optimized their operations. This first example with Dartmouth Hitchcock shows how to get closer to the vision of ever more individualized healthcare: ImagineCare is a highly coordinated, intensely personalized solution for chronic diseases. This cloud-based system enables nurses and health coaches track and respond to an individual's health status in real time.

There's a spectrum of ways to innovate in healthcare. On one end is simple stuff, like making sure things are clean and germ-free. On the other end is exotic stuff, like using AI: Artificial Intelligence and Cognitive Computing. Obvious questions: (1) where is the money going?

My goal is to finish my graduate studies at the end of 2017 and work in the cognitive computing and AI space as a B2B business development executive.

The future of cognitive computing is bright and Chief Data Officers have the chance to lead the way for their organizations. Not just a science-fiction dream, machines that are experts, expressive, educated, and evolving have the potential to create a stunning reality by driving meaningful market shifts. For CDOs who want to demonstrate their prowess as market innovators – this is a perfect opportunity.

It's not surprising that the public's imagination has been ignited by Artificial Intelligence since the term was first coined in 1955. In the ensuing 60 years, we have been alternately captivated by its promise, wary of its potential for abuse and frustrated by its slow development.

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From broad population health management to highly individualized clinical decision support, advanced approaches to data analytics are changing the way providers interact with data and patients--even what it means to be a doctor. Cognitive computing technologies mimic the way the human brain draws connections between seemingly unrelated data. Powered with these technologies, intelligent machines can understand information in context and even have the ability to reason and learn. Cognitive computing encompasses various forms of artificial intelligence (AI), including machine learning, reasoning, natural language processing, speech and vision, human-computer interaction, dialog and narrative generation, and more. With cognitive computing, providers can uncover patterns in health data that previously were hidden, enabling them to do more than was possible before.

Woodside is Australia's largest independent oil and gas company. For more than 60 years it's been a critical thread in the nation's fabric: if its gas doesn't arrive promptly in Perth to fuel power generation the city goes dark in two days. The company no longer relies purely on gas and oil for its success, however; it relies on data. According to Woodside senior vice-president and chief technology officer Shaun Gregory: "Our people understand that data is king, that knowledge is king." However; it used to be a burden, he says.

Although artificial intelligence is here since a long time in many forms and ways, it's a term that quite some people, certainly IT vendors, don't like to use that much anymore – but artificial intelligence is very real, for your business too. Instead of talking about artificial intelligence (AI) many describe the current wave of AI innovation and acceleration with – admittedly somewhat differently positioned – terms and concepts such as cognitive computing or focus on several real-life applications of artificial intelligence that often start with words such as "smart", "intelligent", "predictive" and, indeed, "cognitive", depending on the exact application – and vendor. Despite the term issues, artificial intelligence is essential for and in, among others, information management, medicine/healthcare, data analysis, digital transformation, security (cybersecurity and others), various consumer applications, scientific advances, FinTech, predictive systems and so much more. There are many reasons why several vendors doubt using the term artificial intelligence for AI solutions/innovations and often package them in another term (trust us, we've been there). Artificial intelligence (AI) is a term that has somewhat of a negative connotation in general perception but also in the perception of technology leaders and firms.