Cognitive Intelligence - When intelligent machines learn to venture into the business world

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Cognitive Intelligence

When intelligent machines learn to venture into the business world

Cognitive intelligence is a booming technologic trend. This new concept might very well be the next revolution that improves revenue growth, operational efficiency, and risk management.

Executive Summary

Artificial Intelligence, Cognitive Intelligence, and Machine Learning are areas that tend to make machine processing more akin to human reasoning. Algorithms hidden behind these “smart machines” are rational agents that solve problems, thanks to the sheer amount of computing power available that the human mind has difficulties processing. Unlike classical algorithms, they mimic cognitive human functions in that they understand, reason, and learn. Areas of computer science like Artificial Intelligence, Cognitive Intelligence, and Machine Learning could change our vision on business, the way we operate in it, and how we make decisions.

Nevertheless, Artificial Intelligence is a topic that the majority of actors mature enough to activate cognitive capabilities still need to get familiar with. Indeed, notions like “Intelligence,” “Cognition,” or “Learning” as applied to machines are still in their infancy; intelligent machines are able to reason, plan, and process natural language based on computational, logical, and statistical methods, but all of these abilities are limited to the algorithms’ specific features.

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Inside magazine issue 13, October 2016

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).

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