Almost 100 zettabytes of data were estimated to be in circulation worldwide at the dawn of 2022. Due to the large amount of information that individuals share, cognitive technology has evolved quickly over the years. This tendency, together with the current processing capacity, allows subject matter experts to create more complicated and powerful artificial intelligence (AI) systems for voice, recommendation, and image recognition functions
Gone are the days when consumers were required to personally visit an insurance office or deal with an agent to acquire information or create a policy. Today, cognitive technology allows insurance companies to set up a chatbot and a recommendation system powered by AI to personalize an insurance quote 24/7. Unlike artificial intelligence systems, which focus on a single problem, cognitive computing learns by observing patterns and advises humans on the actions required based on its analysis. Acting as an assistant to humans, cognitive computing technology endows users with precision in analysis while completely controlling the entire process.
As the impact of cognitive technologies on organizations continues to grow substantially, leaders in all sectors must understand how and where to invest in applying cognitive solutions to their businesses. Appropriate investments, as opposed to hype-driven, illinformed choices, can help them improve performance and create a competitive advantage. To assist organizations in making better decisions about cognitive technologies, our distinguished panel, comprising key decision-makers and experts along with APAC CIOoutlook’s editorial board, has shortlisted some of the most influential cognitive technology solution providers. We present to you APAC CIOoutlook’s “Top 10 Cognitive Solutions Providers – 2022."