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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Cognitive Data Management Market predicted to grow exponentially by 2024: Global Market Insights, Inc.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com North America is projected to dominate the cognitive data management market due to its advanced IT infrastructure and rapid adoption of technologies such as machine learning, AI, and big data analytics. The growth of the cloud computing technology and penetration of IoT platforms in the region are expected to generate massive volumes of complex data. This, in turn, increases the need for robust platforms that will handle data management tasks efficiently. Asia Pacific is projected to exhibit a faster adoption rate in the use of cognitive computing platforms. The market is driven by the growing digitalization and the increasing penetration of smartphones in this region. The global technology players are also investing in advanced technologies to foster their business growth. For instance, in July 2017, Amway released e-commerce and artificial intelligence platforms in the Philippines to achieve 15% of its sales online. In this region, the enterprises are also adopting AI to reinvent their business models and are actively participating in the AI consortiums to boost their knowledge. Regional Analysis of Cognitive Data Management Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Cognitive Data Management Market : Cognitive data management refers to the use of cognitive computing to automate the manual activities in data management. This helps in reducing the administrative burden imposed by the data management and minimize errors. Earlier, data management practitioners used manual processes to analyze the data. However, due to advancements in the technology and the development of intelligent algorithms & advanced tools, the data governance & management has become much easier. This is encouraging the demand for cognitive computing solutions among data-intensive industries such as retail, banking, manufacturing, and healthcare.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com The market is analyzed to be highly fragmented due to the presence of both multinational and regional players. The key players in the cognitive data management market are Attivio, CognitiveScale, Cognizant, DATUM, Expert System, HPE, IBM, Immuta, Informatica, Infosys, Kingsland Systems, Microsoft, Oracle, Pingar, Reltio, Saksoft, Salesforce, SAP, SAS, SnapLogic, SparkCognition, StrongBox Data Solutions, Talend, Veritas, and Wipro. These players are deploying cognitive technologies to have a better control over their data management platforms. For instance, in June 2017, IBM introduced new data governance solutions & tools, data science, and machine learning advances and formed the Open Data Governance Consortium for Apache Atlas to make advancements in the Open Framework for data governance. These initiatives helped developers and analysts to gain an understanding of their data and have improved their ability to comply with data regulations. Also, in November 2016, IBM in collaboration with General Motors introduced a cognitive mobility platform, OnStar Go. This platform gave millions of GM drivers the ability to connect and interact with their favorite platforms. Competitive Market Share of Cognitive Data Management Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Cognitive Data Management Market @ https://bit.ly/2QtG2NNhttps://bit.ly/2QtG2NN Request for an in-depth table of contents for this report @ https://bit.ly/2O6qBsZ https://bit.ly/2O6qBsZ
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