AI and cognitive computing applications for risk management Deloitte US

The idea of computers outsmarting and replacing humans has existed in movies and books for decades. Fortunately, that hasn't happened on a wide scale yet. But what has happened is the recent emergence of artificial intelligence concepts--specifically cognitive computing. These concepts involve advanced technology platforms that can address complex situations that are characterized by ambiguity and uncertainty. Cognitive computing has begun to augment business decisions and power performance right alongside human thought process and traditional analytics.