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Tag: big data

A Corner Stone For The Future

By: Innovation Incubator
24 Apr, 2017 / Cognitive Computing
 

Even with all the advancements in the field of science, many are still unaware of the future scope – Cognitive Computing. In very extremely simplified sense cognitive computing can be considered as a higher logical version of the analytics work that we are all aware of. It is indeed based on statistical models. Therefore any organization or department that wishes to expand or better its existing field of work or applications should have already started exploring the dynamics of Cognitive […]

Steps for the Future

By: Innovation Incubator
10 Apr, 2017 / Cognitive Computing
 

A radical change can be expected in the working environment between man and machine in the not so distant future. A future where the term labor will refer to both human and digital. 2016 had us witness the ‘zettabyte era’. This means that in the year of 2016 had the world wide web have up to 270 bytes of raw data. Having this amount of raw data proves a solution to no particular issue. We stand on the forefront on […]

The Uncharted Realms of Cognitive Computing

By: Innovation Incubator
04 Apr, 2017 / Cognitive Computing
 

Cognitive Computing in the field of marketing and exports will create ripples of change. Let us imagine the need to export a list of several different materials. The user probably never knows the dimensions of individual items such as weight, volume etc. but what if we introduce a cognitive system capable of going through large chunks of data and correlate and filter through each & every product. The obvious question that comes up will be “won’t the laborers be redundant?” […]

Fundamentals of Cognitive Computing

By: Innovation Incubator
13 Mar, 2017 / Cognitive Computing
 

In this digital age, the amount of information being processed is increasing at an alarming rate. The next step involves utilizing this limitless information to human benefits. There are several sciences that promise to deliver the same but all pales in comparison to ‘cognitive computing’. Cognitive Computing can be referred to as the penthouse of technologies that aims to make a difference by optimizing the existing information in the online world. The engine, gears and levers that make cognitive computing […]

Businesses are racing to keep up with consumer demands and technological innovations.  Adoption, innovation, and customer acceptance of intelligent agents are increasing. Both businesses and customers are recognizing the value of virtual agents in terms of customer service and support.Cognitive conversational bots power customer relationship management that allow businesses to drive customer advocacy through increased customer engagement, transaction, and satisfaction. Rather than keyword matching with regular expressions done in chatbots, Cognitive Bots (CogBot) listen, converse with natural language, understand and […]

Take a Safe Drive

By: Innovation Incubator
08 Feb, 2017 / Automotive
 

The road sign plays a significant role in facilitating driving in a remarkable way that’s safe for the vehicle motive force and alternative road users. The information given by the road signs captured as into colors and shapes for simple identification. Most of the road accidents attributes to either reduced attention of drivers or ignoring the road signs. The weather conditions like rain and fog also have been reported as a major cause for accidents. Therefore, the recognition of road […]

Market with MACHINES

By: Innovation Incubator
20 Jan, 2017 / Cognitive Computing
 

Until recently, businesses were blind to the valuable insights hidden in unstructured content. Despite millions of customer data available, leveraging this data to understand the needs and to do target marketing is becoming difficult for the businesses. A recent study by DataMeer found customer analytics dominate big data use in sales and marketing departments, supporting the four key strategies of increasing customer acquisition, reducing customer churn, increasing revenue per customer and improving existing products.” As a result, the businesses started […]

Case Study: Heat Map in Real Estate

By: Innovation Incubator
14 Dec, 2016 / Real Estate
 

Machine Learning – The New Retailer

By: Innovation Incubator
02 Dec, 2016 / Cognitive Computing
 

Retail has always been about dealing with huge volume of growing data that are ready to be scrutinized for real time insights to boost and speed up decision-making. Use of machine learning is quite invasive in the retail sector to deeply increase sales and customer engagement through the application of predictive analytics for right recommendations, predicting customer churn, lead and ad scoring, analyzing customer behavior etc. In addition, Machine learning algorithms can support pricing, inventory forecasting, cost reduction through specific […]

Case Study: Customer Reactivation Model

By: Innovation Incubator
01 Dec, 2016 / Cognitive Computing