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Report Points to Cognitive Computing Market Expansion


A respected Mexican entrepreneurial presence, Luis Miguel Chong Chong’s leadership experience extends to areas such as infrastructure, health sciences, and communication. Among Luis Miguel Chong Chong’s current areas of focus is big data and cognitive computing.

A recently released report by Transparency Market Research (TMR) brought attention to a global market dynamic in which cognitive computing industry competition is still relatively low. Major players such as IBM, Google, Cisco Systems, and Microsoft Corporation leverage economies of scale and past innovations to take advantage of burgeoning machine learning and artificial intelligence markets. 

Health care can be found at the forefront of industries in which such technologies are deployed, along with energy, telecom, manufacturing, media, and business verticals. With North America leading the way in terms of cognitive computing penetration, deployments by small-to-medium-sized companies and educational institutions are driving the largest regional gains. In tandem with this, the IT paradigm is rapidly shifting to cloud-based applications, with cyber security apps that have cognitive computing functions meeting a major market need.