360Quadrants, the world’s only comparison platform that combines expert analysis with crowdsourced reviews, has released a quadrant on cognitive analytics solutions to help businesses make quicker and more informed decisions.
Cognitive Analytics solutions are a combination of analytics and cognitive computing technologies used to help humans make smarter decisions. Cognitive analytics enables users to apply human-like intelligence to various tasks. For instance, it understands not only the words in text but also the full context of the written or spoken material. It also recognizes objects among a large amount of information in an image. Cognitive analytics solutions utilize varied technologies comprising Artificial Intelligence (AI), semantics, and learning techniques such as machine learning and deep learning to make applications more effective and smarter over time, by learning from its interaction with humans and data.
The cognitive analytics market has been segmented into component, deployment model, organization size, industry, service, application, and region.
Google has been identified as a visionary leader in the cognitive analytics space given its extensive product features, high product quality, reliability, suitable channel strategy, and wide geographical footprint. 360Quadrants also lists competitors of Google in the Cognitive Analytics solutions space.
Cognitive analytics offerings from Google aim to deliver valuable insights and intelligence from data. The company has an established product portfolio with a robust market presence and business strategy. Some of the major developments of the company in the cognitive analytics space include:
- Facebook and Google to join hands to innovate on AI technology
Internet giants Facebook and Google, who are considered rivals, are joining hands to enhance AI tech of both companies. Engineers from Facebook will be working with those from Google to enable the working of PyTorch (Facebook) with the ML chips that Google makes.
- ML algorithm developed by OpenAI and Google DeepMind
Google DeepMind and OpenAI have collaborated to work on developing AI that adapts from feedback that it receives from humans. This is expected to lead to the ML process becoming more trustworthy. This will also make it easier to train and also safe to use. This is being carried out through a process called reinforcement learning, which employs multiple stages of human engagement which enhance the intelligence of the platform. This includes the algorithm carrying out tasks while receiving responses from participants.
- China gets a Google AI lab
Beijing has become home to an AI lab by Google, which has helped the company expand its presence here. This lab will enhance the importance of AI that has been increasing in the country with a view to becoming a tech giant.
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