IBM's Watson Investment Paying Off

Posted by on in Big Data

 

IBM $1 billion and growing investment in Watson is beginning to bear fruit. Recently IBM announced a new Watson based service called the IBM Watson Discovery Advisor. This is a essentially a tool designed to assist innovators and entrepreneurs answer questions that are currently without answers.

 

Watson is "a computer that inspires people and points them toward the next great idea," according to IBM Watson Group Vice President John Gordon. "It puts Watson towards the question of, 'Where should I go with my time?' "

 

According to a recent Booze and Allen study, global research and development spending at the top 1,000 companies totaled more than $638 billion in 2013.

According to IBM, Waston is currently available and delivered as a cloud service.
Watson is typically used in the assistence of research and development teams around the world by helping them more efficiently utilize their resources.


In the life sciences field a research paper is typically published every 30 or so seconds. This has been one of the primary targets for Watson usage. The Watson Discovery Advisor can help read published papers in this field as well as start analyzing and creating hypotheses from both new and old papers.

 

"We're entering an extraordinary age of data-driven discovery," said Mike Rhodin, senior vice president, IBM Watson Group in the press release. "The proliferation of data is exasperating an organization's ability to discover connections between disparate data. Today's announcement is a natural extension of Watson's cognitive computing intelligence, empowering research, developers and industry experts, with powerful insights and connections in data, giving scientists the ability to make connections with data that others don't see, which can lead to significant breakthrough discoveries."

 

In January, IBM announced it would invest $1 billion in the Watson Group, helping to bring cloud-based applications and services to market. Nearly 2,000 people will eventually work within the Watson Group led by Rhodin.

 

In unveiling the Watson Group, IBM announced three Watson-based services, including the Watson Discovery Advisor, as well as Watson Analytics (for visual representations of big data) and Watson Explorer (for uncovering and quickly sharing information).

 

In 2013 IBM said it expects to generate $20 billion in revenue from analytics and big data, up from a prior outlook of $16 billion.

 

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Bill has been a member of the technology and publishing industries for more than 25 years and brings extensive expertise to the roles of CEO, CIO, and Executive Editor. Most recently, Bill was COO and Co-Founder of CIOZone.com and the parent company PSN Inc. Previously, Bill held the position of CTO of both Wiseads New Media and About.com.

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