Cognitive Computing Market Is Projected to Grow at a Healthy CAGR During 2016 - 2024 - Press Release - Digital Journal

Persistence Market Research delivers pertinent insights on the growth of the Cognitive Computing Market and identifies key market dynamics impacting this growth. New York City, NY -- (SBWIRE) -- 01/27/2017 -- In the ever changing world of information technology, business organizations are left with humongous amount of data with them. This data includes very critical information for business use, but business organizations are only able to utilize 20% of whole data available with them with the use of traditional data analytics technology. To process and interpret the reaming 80% of the data that is in the form of videos, images, and human voice (also called as dark data), there is a need of cognitive computing systems. Cognitive computing systems are typical combination of hardware and software that constitute natural language processing (NLP) and machine language, and have capability to collect, process, and interpret the dark data available with business organizations.