Cognitive Data Management Market growth is escalated by increasing investments by market players in cognitive technologies | key players are Attivio, CognitiveScale, Cognizant, Expert System, HPE, IBM, Immuta, Informatica, Infosys
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Cognitive data management market in BFSI vertical segment is estimated to exhibit a significant adoption of cognitive technologies. The financial institutions around the globe have been deploying such technologies to increase their predictive capabilities, improve the revenue forecast and support their financial planning & budgeting in particular. Also, it enables them to address risk and fraud management more efficiently.
Top Key Players are Cognitive Data Management Market
5. Expert System
The widespread adoption of IoT-based devices among the enterprises has resulted in the massive amount of digital data. This is encouraging the organizations to adopt advanced data analytics & management solutions to process their data and extract actionable insights.
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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.
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 cognitive data management market 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.
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