Cognitive systems and their role in enabling value creation within an enterprise
Cognition can be defined as the mental action or process of acquiring knowledge or comprehending thoughts, experiences, and the senses which are most critical but widely immeasurable: Sandeep Parikh, Partner, Intelligent Automation, EY
In the current digital era that we live in, advancement of technology has made it easier to collect, store and process huge quantum of data. But until quite recently, it was time consuming and difficult to make use of unstructured data for deriving time sensitive insights. The question was, can we somehow tap into this unstructured data on a real time basis and generate predictive insights that can assist in making better decisions?