Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on artificial intelligence solutions. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising cognitive computing startups.
Heat Map: 5 Top Cognitive Computing Startups
For our 5 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 439 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
OneOrigin – Higher Education
Colleges and academic institutions regularly encounter a high number of applications during the admissions season. Cognitive computing-based products accelerate the preliminary evaluation of applications to assist admission committees. These also monitor the progress of the students after enrollment.
The US-based startup OneOrigin combines cognitive computing, natural language processing (NLP), and face recognition technologies to offer a solution for higher education. Their platform, Sia, integrates with academic information systems to enhance enrollment and drive engagement with existing students. It also assists students in monitoring their set goals and performance.
Scalpel – Robot-Mediated Surgery
Inadvertent errors made by medical professionals during critical surgeries lead to lethal outcomes for a large number of patients every year. Cognitive computing-based solutions assist medical staff in surgeries and operations to prevent any fatal errors. Moreover, these solutions also give medical professionals access to a vast amount of data that promotes effective treatment.
The UK-based startup Scalpel offers OR Bot, a robot that works based on cognitive computing. It integrates patient data, collected through various sensors in real-time, and analyzes it to provide vital insights to the physicians. The robot monitors the use of surgical tools and thereby prevents errors during surgeries.
Helix – Finance
Making accurate financial predictions to identify profitable opportunities is a challenge for both institutions and individuals. While traditional analytics solutions fail to capture the complexity of markets, cognitive computing-based alternatives mimic human behavior under various financial situations and improve overall financial management.
Helix is a German startup that builds a Software-as-a-Service (SaaS) platform for peer-to-peer digital exchange networks. In addition to cognitive computing, it employs blockchain technology with its in-house cryptocurrency, Helix Coin. The platform aids financial services providers in sustaining secure transactions over their networks.
ChesStories – Sports Management
Sports managers need to invest a lot of time and resources to scout, select, and purchase players for their teams. Nowadays, professional sports teams turn to cognitive computing to enhance sports management. Moreover, these solutions also cover the training and development of players across various sports.
ChesStories is an Israel-based startup that develops DecodeChess, a chess-playing program based on cognitive computing. The program mimics the moves of human players with great accuracy during a chess game. Besides, it also simulates moves to provide a brief explanation for every action made during the game.
Predictly – Automotive Customer Data
Automotive manufactures greatly value customer feedback. Aside, they also use data from various sensors inside vehicles to further product development. Cognitive computing allows manufacturers to analyze all of this data to promote vehicle safety, design, and customer satisfaction.
Indian startup Predictly develops multiple cognitive computing solutions, namely Luminate.ai, Predictably CX, and Predictly Bot. These products analyze automotive customer data to help manufacturers improve their product designs. Moreover, the manufacturers also receive actionable insights that help them stay on top of their competition.
What About The Other 434 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 cognitive computing startups showcased above are promising examples out of 439 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.