Cognitive collaboration harnesses the benefits of machine learning and artificial intelligence to increase distributed and in-person collaboration experiences. It details a rudimentary shift in how people working together can utilize technology to promote relationships between humans. It also describes how organizational and team goals can be reached and better customer experiences can be generated.
The global cognitive collaboration market is likely to grow rapidly and gain considerable prominence through 2024. Rising need for collaboration and mobility coupled with hassle-free integration of already existing environment are forecasted to trigger growth of the global cognitive collaboration market.
The global cognitive collaboration market is segmented based on six important parameters, which are deployment mode, component, vertical, application area, organization size, and region.
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Global Cognitive Collaboration Market: Notable Developments
One of the recent market developments that characterize the course of the global Cognitive Collaboration market is as mentioned below:
- In January 2018, CognitiveScale introduced Cortex 5, which is a blockchain and artificial intelligence technology-based cloud software. This is likely to assist companies in improving the return on investment and process of implementation related to AI systems. Cortex 5 can be found in both Microsoft Azure cloud environments and Amazon Web Services (AWS). Such technological developments are likely to trigger market growth over assessment tenure.
- In September 2019, Microsoft Corporation added an AI-powered presentation coach to PowerPoint. This is likely to assist the user by enabling them to add feedbacks for the next presentation. Integration of this new feature is likely to augment the use of PowerPoint.
Some well-known organizations in the global cognitive collaboration market comprise the below-mentioned:
- Slack Technologies, Inc.
- Cisco Systems, Inc.
- Intec Systems Limited
- Softweb Solutions Inc.
- Microsoft Corporation