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Deloitte 2016 TMT Predictions: Cognitive Technologies to be Integrated into 80 of the Largest 100 Software Companies

NEW YORK, Jan. 13, 2016 /PRNewswire/ -- Deloitte predicts that this year 80 of the world's 100 biggest software companies will have integrated cognitive technologies, such as machine learning, natural language processing, or speech recognition, into their products, marking a 25 percent growth from the 64 of the top 100 companies who offered cognitive technologies in 2015. The 15th edition of Technology, Media & Telecommunications (TMT) Predictions, forecasts that machine learning is likely to be the most prevalent of all cognitive computing technologies, given the breadth of its applications such as classification, anomaly detection, personalization and fraud detection. Natural language processing (NLP) will also provide valuable applications in software, dealing with unstructured text, while speech recognition will grow in use for applications that may benefit from hands-free modes of operations.

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

"Advances in cognitive technologies such as speech recognition, natural language processing and machine learning ? together with the emergence of platforms that are opening to the developer community ? are contributing to a rise in commercial applications," said Paul Sallomi, partner, Deloitte Tax LLP, global TMT industry leader and U.S. technology sector leader. "This year, cognitive technologies will continue to capture the imagination of industry giants and startups as they explore and monetize new areas within this emerging technology landscape. We see more and more consumers and businesses embracing the potential that cognitive technologies offer in a wide variety of applications including the Internet of Things."

Other TMT predictions to affect the marketplace in 2016 include:




"It is truly amazing to witness the tenacity of companies and individuals to advance today's technology in anticipation of tomorrow's customers and realities," said Sandy Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "Industry talent today is well on its way to unlocking new solutions and developing new products aimed at changing business processes and societies for the better. As public awareness grows through some of today's leading conferences and shows, businesses and leaders are in a better position to get to know their customers, their needs, and ultimately, how their technology is making a direct impact."

Now in its 15th year, Deloitte's annual global TMT Predictions provides a 12-18 month outlook on key trends in the technology, media and telecommunications industry sectors worldwide. Full details about the global TMT Predictions are available here: www.deloitte.com/tmtpredictions. Connect with us on Twitter: @DeloitteTMT and @Deloitte #TMTPredictions.

About Deloitte's Technology, Media and Telecommunications practice

Deloitte's technology, media and telecommunications (TMT) practice provides industry-leading audit, consulting, tax and advisory services to more than 1,800 clients in the U.S., including the vast majority of market category leaders across all sector segments. Deloitte practitioners, many with direct industry experience, work with one purpose: to deliver measurable, lasting results. We help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society. Our TMT clients count on Deloitte to help them transform uncertainty into possibility and rapid change into lasting progress. Our people know how to anticipate, collaborate, and innovate, and create opportunity from even the unforeseen obstacle.

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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SOURCE Deloitte

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