Cognitive Technologies Shape Business Intelligence with Secure Practices
The emergence of cognitive technologies has significantly changed and refined our approach to everything we do. Cognitive technologies are expanding the power of information technology to the tasks traditionally performed by people. Not just to make life easier but to give more time for the things that matter.
The impact of these technologies on businesses is expected to grow remarkably over the next few years. It's no surprise that the demand for cognitive technologies is increasing dramatically. The global cognitive computing market size was valued at$11.11 billion in 2019, and it's estimated to reach $72.26 billion by 2027, exhibiting a CAGR of 26.6% during the predicted period.
However, these technologies come with potential cyber risks. The digital advancement across various fields, including Artificial Intelligence, machine learning, quantum computing, big data, blockchain, and cloud computing, has a significant impact on security. These risks are controlled with Baüne’s Last-Mile services which use powerful edge security measures so businesses trust their data is securely stored and transferred.
What are Cognitive Technologies?
Cognitive technology is a computer science field mimicking the functions of the human brain through several ways, including data mining, natural language processing, and pattern recognition. It's expected to dramatically impact the way humans interact with technology in a few years, particularly in the field of machine learning, automation, and information technology.
Examples of cognitive technologies include:
● Machine learning
● Computer Vision
● Natural Language Processing (NLP)
● Speech Recognition
● Ambient Intelligence
Cybersecurity in Digital Era
Every aspect of a digital enterprise has essential cybersecurity implications. Organizations seek to create an efficient digital customer experience. They should determine how to align their teams managing security. Moreover, organizations adopt huge data analytics and leverage cognitive technologies. They should understand ways to identify risks posed due to data sets integrating sensitive customer information.
The digital revolution has raised the emergence of advanced technologies like IoT and cyber-physical systems connected to the latest devices. Cyber physical systems are intelligent systems where a mechanism is monitored or controlled by computer-based algorithms.
Modern systems generally rely on devices bridging digital and physical worlds, such as intelligent systems, sensors, connected devices, etc. These systems provide opportunities to improve decision-making and increase productivity. But they have widened the scope of potential vulnerabilities.
IoT has become a major target for cybercriminals. Moreover, most organizations have started incorporating artificial intelligence and machine learning technologies that can lead to security blind spots. Additionally, the widespread adoption of 5G technology enables hackers to launch more robust and sophisticated attacks. These cause more damage due to higher bandwidth availability.
4 Key Elements to Shape Business Intelligence with Secure Practices
Many technology sector organizations have yet to turn their attention towards cognitive technologies, how they are changing their sector or how they implement these technologies in their operations. Businesses are taking a new look at cognitive technologies to improve dramatically with an impressive gain in artificial intelligence, big data analytics, natural language processing, cloud computing, blockchain, robotics, etc.
These technologies offer intelligent business solutions to provide end-user benefits, automate workflows, and optimize operations. Insight applications using cognitive technologies uncover insights that can inform strategic decisions across organizations.
Let's discuss the key elements that can shape business intelligence while managing security or using secure practices. Here is a list of four cognitive technologies that stand in defense of cybersecurity attacks.
1. Machine Learning
In an ever-increasing automation landscape, business intelligence is no exception. At the forefront of this automation is a push for machine learning. It has permeated the business intelligence market and changed the way businesses think about their data.
Machine learning has magnificent implications for businesses that want to leverage data. According to SAS, the iterative aspect of ML is essential because when models are exposed to new data, they can adapt independently. They learn from the previous reckoning to make reliable decisions.
Here is how businesses can leverage machine learning to improve business intelligence.
● Improve operational processes
● Personalized customer funnel
● Give customer experience a human touch
● Analyze large data sets
● Improve data quality checks
● Identify patterns among employees
● Achieve real-time data analysis
Machine learning lets organizations adopt business intelligence (BI) solutions while managing security. Automated protection reduces the risk window while creating enormous data processing that should be analyzed promptly. Mature machine learning systems can gather, analyze, and classify threats autonomously. This ability to scale through machines is essential to fight cybercrime and helps organizations reduce operating costs while improving accuracy with continuous learning.
2. Security at the Edge
The data collected and stored by BI systems need tangible security for supporting business intelligence operations. Therefore, business intelligence operations become more cost-effective and better equipped to protect valuable data generated by cognitive technologies.
One of the most significant incentives in business intelligence today is an immense amount of data generated through IoT. Unfortunately, a lot of cybercrimes happening now harmfully impact millions of individuals, organizations, and governments, bringing a halt to various high-scale operations.
Cybersecurity measures are the real solution to cybercrime. It's a set of procedures organizations and businesses should carry out to protect their data and systems from unauthorized access. Security at the edge is essential to maintain business databases safe, clean, and connected to effective business intelligence systems.
Here's why cybersecurity is essential for businesses.
● Helps improve productivity
● A one-stop solution
● Provides stable website performance
● Protects businesses from losses
● Increases security and optimizes performance
Top businesses recognize the importance and necessity of preventing potential disruptions to their operations at any cost. It can only be accomplished by regularly updating and strengthening their cybersecurity posture.
3. Big Data Analytics at the Edge
Organizations can use substantial data analytics software and systems to make data-driven and informed decisions to optimize business-related outcomes, revenue generation opportunities, and operational efficiency.
Big data analytics helps businesses collect, clean, process, and analyze large datasets to uncover patterns, trends, and correlations from pools of raw data. It helps them make data-informed decisions, thus promoting business growth.
Big data analytics provides the following benefits to organizations. It provides
● Customer acquisition and retention
● Focused and targeted campaigns
● Identification of potential risks
● Innovative products
● Complex supplier networks
Large enterprises and the biggest businesses continue to grow due to big data analytics. Advanced technologies are becoming available to organizations more than ever before. Once businesses have data at their disposal, they can implement appropriate data analysis systems to solve various problems.
However, leveraging these technologies puts businesses at high risks. As businesses are thriving in high-risk environments, they need risk management processes. Big data helps develop risk management solutions. It can improve the effectiveness and efficiency of risk management models and make smarter strategies.
4. Cloud Computing
With cloud computing technology, businesses are no longer tied to a single physical location for storing data. Global organizations can opt to store data in data centers, so it is accessible when and where it is required. They can reduce latency and make informed decisions within seconds by ensuring that users access data stored nearby.
This ability to support customers worldwide opens up entirely new revenue streams. Businesses continue to seek tools for analyzing data to make improved decisions and run operations efficiently. Business intelligence software is at the leading edge of these efforts. It's about delivering the right information to the right people at the right time, and Cloud BI is an instant method to access data.
For the last decade, cloud computing has been considered a cost-reduction strategy. But now, it is enabling a digital business model that allows businesses to transact with customers anywhere and have a remote workforce. According to research, the global cloud computing market was predicted at $321 billion in 2019 and is estimated to reach $1025.9billion by 2026.
Data security has become a priority for every company, especially among C-suite executives. Therefore, cloud providers do everything to stay updated with the latest security trends and compliance certifications. A cyber attack or data breach can have devastating effects on a company. Cloud offers robust security to avoid becoming a liability. Single-tenant cloud users benefit from an extra security layer as there is one access point.
Cognitive technologies are emerging rapidly in the digitalization of business ecosystems and provide powerful advantages to refining work and storing valuable information with extensive privacy measures. We have seen that these technologies are proving to be a key differentiator to be competitive. Organizations that leverage these capabilities accelerate business outcomes from improved productivity and efficiency to increased customer experience and rapid business growth.
About the Author
Bäune leverages the edge network with smart and ambient intelligence solutions so you can stay connected with your users anytime and anywhere. Baüne has developed a neutral host architecture enabling organizations to extend the cloud model all the way to the edge for dynamic, fast, and interoperable provisioning of any 5G-based last mile applications, services and IoT capabilities.
Our technology is is cognitive thanks to the help of Intel® Technologies including key system elements from the core processor, Vpro and Intel® Series Desktop Chipsets. Allowing our use cases to 1. Dispense products and services for better retail and healthcare outcomes 2. Provide store digitalization / extend the commerce fulfillment solutions 3. Provide real time reports & monitoring 4. Scalable performance with common development tools from low to high end 5. Remote management and end-to-end security.