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Apr 2017 - IDC Perspective - Doc # US42491417

How Machine Learning and Cognitive Computing Are Delivering Near-Term Value and ROI in Life Science R&D Today

Author: Alan S. Louie, Ph.D. Research Director, Life Sciences
Abstract

This IDC Perspective provides analyst insights on how machine learning and cognitive computing are delivering value and a measurable return on investment (ROI) today. In highlighting three early examples of how machine learning and/or cognitive computing efforts are delivering near-term value along with a measurable ROI, we hope to demonstrate that machine learning and cognitive computing are becoming a key innovation that will drive significant progress in the industry.

"While it is clear that cognitive computing has been overhyped as the magical solution to industry woes, its approaches have definite promise and potential for the life sciences industry. In highlighting three recent solutions delivering value to the market today, we believe that cognitive computing, in all of its forms and complexity, is a real technological innovation that is actively beginning to deliver practical solutions to solve pressing industry problems of today. Building on these efforts, IDC expects to see significant growth in new evolutionary and revolutionary cognitive computing–based solutions both now and for the foreseeable future," said Alan S. Louie, research director, IDC Health Insights' Life Science R&D Strategy and Technology.

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