“Big data will continue to represent a fast-growing, multimillion-dollar opportunity in several parts of the world for the upcoming years”, says RNCOS
Big data will continue to represent a fast-growing, multimillion-dollar opportunity in several parts of the world for the upcoming years as announced by International Data Corporation. Moreover, it will transform businesses everywhere, making the businesses big data driven in the process.
According to a new research report by RNCOS entitled, “Global Cancer Cognitive Computing Market Outlook 2022”, one of the potential areas of impact of cognitive computing is the healthcare segment. Some of the major players such as IBM, Cognitiva, and etc., are planning to apply the technology to assist health professionals and individuals formulate personalized and data-informed health decisions. For example, there are several hospitals with oncology divisions across Latin America each of which treat thousands of new cancer patients every year. By applying cognitive computing, physicians and other healthcare professionals could identify treatment options. This could help oncologists to provide cancer patients with individualized healthcare.
Furthermore, Watson helped to power Welltok’s personalized health optimization platform through the business partner’s ecosystem of Cleveland Clinic Lerner College of Medicine. The mobile app of GenieMD coordinates heath information across devices and caregivers, and Best Doctors’, new app offers personalized and realtime answers on healthcare. Additionally, a software application has been developed by Deloitte US Innovation group, in collaboration with Audit and Consulting Mergers and Acquisitions practices of Deloitte US. It is helping organizations to save time and money.
The above technology giants such as Cognitiva, IBM, etc., to name some, will establish an ecosystem of third party organizations. The ecosystem will utilize cognitive computing to create a new class of cognitive powered apps, services and business in the region. These ecosystem partners will also join a growing community of startups and established businesses.
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