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However, it is important to note that the technology is still in its early stages, and further research and development is required to fully realize its potential. For instance, in the healthcare industry, cognitive automation helps providers better understand and predict the impact of their patients health. Cognitive automation can perform high-value tasks such as collecting and interpreting diagnostic results, suggesting database treatment options to physicians, dispensing drugs and more.

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For many companies, leapfrogging over RPA and starting with cognitive automation might seem like trying to run before you can walk. ● Better analytics – Today, technology is making data visualization, data mining and predictive analysis very easy. Fintechs are able to collate humongous amounts of data and analyse it to arrive at accurate decisions thus driving customer engagement higher.