Cognitive computing has taken the world by storm, with automation and chatbots helping businesses to scale up operations as well as save millions of dollars in operational costs.
In alliance with Nearshore Delivery Solutions, an international cognitive solutions vendor with operations in both North and South America, Nearshore Americas has produced a new white paper that sheds light on how businesses can capitalize on this opportunity.
Entitled Cognitive Computing Inside a Global Enterprise: Seeing Into the Future, the white paper analyzes all components of cognitive computing, besides chronicling predictions from analyst firms like Gartner, McKinsey Institute. and Juniper Research on the adoption of the technology.
It gives an overview of how businesses in various sectors, from ride-hailing firms to financial institutions, are exploiting cognitive computing technologies and have managed to cut costs as well as train employees far more easily.
Machines can perform repetitive tasks at a much faster speed than human beings, and the cost savings are significant, too. Thanks to solutions like Waze or Google Maps, the act of driving for Uber has become an effortless pursuit, for example.
Big data analytics has become a godsend for banks. Years ago, banks would have needed to employ thousands of analysts to process the data and decide on the best marketing material. Now, thanks to cognitive solutions, banks can analyze the data easily.
The paper showcases ways for Latin America to explore the cognitive solutions market. Many countries in the region, Mexico in particular, can even supply engineering talent for US firms developing cognitive solutions.
There is a huge trove of wealth yet to be explored with cognitive. Although data has become ever more important for businesses of all stripes and size, only 1% of all data generated is ever actually analyzed. “There is a huge opportunity to start growing really fast because we have the skills, we have the size, and we have the proximity to many of the service hubs in the US,” said Gustavo Parés, partner at Nearshore Delivery Solutions, with reference to Mexico and broader Latin America.
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