Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Data & Analytics

09:53 AM
Scott M. Fulton, III, Ingenus
Scott M. Fulton, III, Ingenus
News
Connect Directly
RSS
E-Mail
50%
50%

IBM Breeds New Business Unit To Feed Watson

IBM is investing more than $1 billion in a new business unit. It's banking on a market for cognitive computing services that actually learn and reason.

A New York City press conference marked the official launch of an IBM unit based on Watson, the computer best known for defeating human Jeopardy champions in 2011. This unit is dedicated to selling Watson's natural language, machine learning-based services to enterprises.

At the event, IBM CEO Ginni Rometty invoked a word that biologists would typically reserve for organic life forms. Watson's latest incarnation is "a new species, if I can call it that," she said. "It is taught; it is not programmed. By design, it learns by experience, and it learns from interaction. And by design, it gets smarter over time and makes better judgments over time."

[Read the full article at InformationWeek.]

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.