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IBM Watson Group develops and commercializes cloud-delivered cognitive applications and services.
Their offerings include Watson Engagement Advisor, a customer engagement technology that helps customers obtain personalized answers to questions and IBM Watson Discovery Advisor, a research assistant that helps researchers to collect information, synthesize insights, and share information with colleagues.
The company also provides IBM Watson cognitive computing system, which helps researchers analyze the genomic data of patients ; physicians to assist in diagnosing and treating patients; and financial institutions to infuse additional intelligence into their business processes. It serves customers in healthcare, finance, marketing, and service industries. IBM was founded in 2014 and is based in New York, New York. IBM Watson Group operates as a subsidiary of International Business Machines Corporation.
Watson is the first commercially available cognitive computing capability which represents a new era in computing. Watson analyzes high volumes of data and processes information more like a human than a computer by understanding natural language, generating hypotheses based on evidence, and learning as it goes.
As organizations work to make more data-driven decisions — 2.5 billion gigabytes of data being created every single day, they need advanced systems that are able to crunch massive amounts of structured and unstructured data and deliver actionable insights within seconds. Deloitte estimates the cognitive computing market will expand in five years to $50 billion in the U.S. alone.
Since its triumph on the television quiz show Jeopardy! IBM has advanced Watson’s capabilities and made it available via the cloud. Watson now powers new consumer and enterprise services in the health care, financial services, retail and education markets. IBM has also opened the Watson platform to developers and entrepreneurs, enabling them to build and bring to market their own powered by Watson applications for a variety of industries.
To continue Watson’s advancement, IBM has created two business units: Watson, established for the development and commercialization of cloud-delivered cognitive computing technologies and Watson Health dedicated to improving the ability of doctors, researchers and insurers to surface new insights from the massive amount of personal health data being created daily to deliver personalized healthcare.