IBM's new department to bolster artificial intelligence and advise companies on using Watson artificial-intelligence software.
Stephen Pratt is all geared up to head the Cognitive Business Solutions at International Business Machines Corp. who was initially serving an Indian consulting company that outsource services known as “Infosys”. The company will have almost 2000 individuals onboard who will be responsible to offer advisory services to other companies so as to how they can take benefit of IBM’s Watson – the companies artificial intelligence software.
Virginia Rometty who is the chief executive officer of IBM is likely to make an announcement regarding the venture during the Gartner Symposium- a gathering that will host various executives of the Information Technology sector. The service for artificial intelligence was launched in FY11, which was designed in a manner to analyze huge quantities of data so that it can reveal those aspects that human, has not been able to decipher. So far, the software has been helpful to the Memorial Sloan Kettering Cancer Center, made the television show Jeopardy possible and assisted in making the recipe book.
IBM news affirmed that the company, at this point, is optimistic that the artificial intelligence software can play a significant role in shaping the digital assistance technology that is being used by various companies in the finance, medicine, and energy sector.
According to Bridget van Kralingen, the Vice President of IBM’s Global Business Services, mentioned during a telephonic interview, “We see that that is going mainstream.” He further added, “It’s very, very early days, but we can see it.”
At this point of time, the company is positive about the growth of this service in the times to come thus it has made an investment worth $1 billion. The company’s analytics business accounts for $17 billion and Watson constitutes a great chunk of it.
According to IBM news today, Mr. David Schubmehl, an analyst at the research company Data Corp., stated, “It’s not huge yet.” He further added, “It’s not doing hundreds of millions of dollars, but it is significant.”
The company’s service is one of a kind and opens a new canvas for the artificial intelligence sector. Watson is likely to assist hundreds of companies in the times to come thus establishing something of this nature is apparently a long-term asset for the company.
By investing in this venture, IBM is actually contributing to its long-term profitability and growth. The future will have a lot of artificial intelligence in almost all domains thus now the future seems relatively bright with the company’s contribution.
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