Using Machine Intelligence to Mine Data

Organizations can employ machine intelligence to automate processes, mimic human cognition, and assess information more effectively--underscoring the importance of data as the new digital currency. Machine intelligence infuses computers with capabilities simulating human cognition, allowing for more sophisticated automation and data-mining techniques that can decipher patterns, uncover insights, and guide business decision-making. And the C-suite is taking note: Spending on various aspects of machine intelligence is projected to reach nearly $31.3 billion in 2019. "We now have the ability to script and automate through bots and robotic process automation the basic tasks knowledge workers have traditionally undertaken," says Nitin Mittal, Deloitte Consulting LLP's practice leader for analytics and information management. "This is leading to dramatic improvements in enterprise efficiency and productivity."