Cognitive technology is in the same vein as machine learning and virtual reality except that it’s a broader concept. For example, the cognitive technology umbrella includes things like natural language processing (NLP) and speech recognition. Combined, these different technologies are able to automate and optimize a lot of tasks that were previously done by people, including certain aspects of accounting and analytics.
How it’s affecting industries:
Although cognitive technologies have a broad range of applications, one of the industry sectors most affected by this trend initially will be the software sector. Automated analysis of user data and experiences will be particularly useful for software companies hoping to scale.
With emerging technologies changing professional industries including banking, eCommerce, healthcare and education, staying up to date on the latest trends will give you a better understanding of your chosen industry and make you a more competitive candidate.