Weekly Featured Company: IBM Watson

FoundedHeadquartersSectorEmployeesRevenueTotal InvestmentRecent Investment
2006New YorkSoftware & Services600$100M$1B$1B

IBM Watson: a new era of AI

Watson, IBM’s supercomputer burst onto the scene in 2011 when it famously beat Brad Rutter and Ken Jennings in the TV show Jeopardy! Watson’s victory over two human contestants clearly showed that a more advanced computing system–one that could learn and reason–has emerged. Today, Watson is considered as the pioneer in cognitive computing, a self-learning computing system that learns through data-mining, pattern recognition and natural language processing to imitate the way the human brain works. Watson can analyse and compare data, apply previous learnings, and change and evolve the more it learns, just like how the human brain works. So how will Watson improve the way people work? By harnessing information learned from big data, Watson can help professionals (scientists, doctors, researchers, etc.) make complex decisions by providing options that lead to higher probability of success and faster results. This is highly important in the areas of scientific research, medicine and finance. Beyond Jeopardy!, Watson has expanded its presence across multiple industries. Through DeakinSync, Watson provides information to all Deakin University students. Watson also empowers the financial teams of ANZ Bank, as well as helps treat cancer by providing evidence-based treatment options to top cancer clinics in the US. Recently, IBM invested $1 billion to Watson and established a new business unit dedicated to the development and commercialization of Watson.

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