ARMONK, N.Y. - 09 Jan 2014: IBM (NYSE: IBM) today announced it will establish the IBM Watson Group, a new business unit dedicated to the development and commercialization of cloud-delivered cognitive innovations. The move signifies a strategic shift by IBM to accelerate into the marketplace a new class of software, services and apps that think, improve by learning, and discover answers and insights to complex questions from massive amounts of Big Data.IBM will invest more than $1 billion into the Watson Group, focusing on development and research and bringing cloud-delivered cognitive applications and services to market. This will include $100 million available for venture investments to support IBM's recently launched ecosystem of start-ups and businesses that are building a new class of cognitive apps powered by Watson, in the IBM Watson Developers Cloud.
According to technology research firm Gartner, Inc., smart machines will be the most disruptive change ever brought about by information technology, and can make people more effective, empowering them to do "the impossible." 1
The IBM Watson Group will have a new headquarters at 51 Astor Place in New York City's Silicon Alley technology hub, leveraging the talents of approximately 2,000 professionals, whose goal is to design, develop and accelerate the adoption of Watson cognitive technologies that transform industries and professions. The new group will tap subject matter experts from IBM's Research, Services, Software and Systems divisions, as well as industry experts who will identify markets that cognitive computing can disrupt and evolve, such as healthcare, financial services, retail, travel and telecommunications.
IBMs New Catalyst for Innovation and Market Transformation
The IBM Watson Group will be led by Michael Rhodin, who most recently served as Senior Vice President, IBM Software Solutions Group, responsible for delivering industry-specific solutions in high-growth areas such as Business Analytics, Smarter Commerce, Smarter Cities and Social Business.
IBM has transformed Watson from a quiz-show winner, into a commercial cognitive computing breakthrough that is helping businesses engage customers, healthcare organizations personalize patient care, and entrepreneurs build businesses, said Michael Rhodin, Senior Vice President, IBM Watson Group. Watson is one of the most significant innovations in IBMs 100 year history, and one that we want to share with the world. With these investments we strive to make new markets, reach new buyers and transform industries and professions.
A major initiative for the IBM Watson Group will be to continue advancing its research and development to accelerate the delivery of cognitive innovations to organizations via the cloud.
As part of this initiative IBM will engineer Watson to be deployed on Softlayer, the cloud computing infrastructure business recently acquired by IBM.
In addition to launching the IBM Watson Group, IBM is announcing three new services based on Watson's cognitive intelligence.
IBM Watson Discovery Advisor aims to revolutionize how industries such as pharmaceutical and publishing conduct research. Representing a giant leap from existing research tools that churn out thousands of search results their users must wade through, the Watson Discovery Advisor will delve into the influx of data-driven content today's researchers face, and uncover connections that can speed up and strengthen their work.
IBM Watson Analytics allows users to explore Big Data insights through visual representations, without the need for advanced analytics training. The service removes common impediments in the data discovery process, enabling business users to quickly and independently uncover new insights in their data. Guided by sophisticated analytics and a natural language interface, Watson Analytics automatically prepares the data, surfaces the most important relationships and presents the results in an easy to interpret interactive visual format.
IBM Watson Explorer is designed to help users across the enterprise uncover and share data-driven insights more easily, while helping organizations launch big data initiatives more quickly. Watson Explorer provides users with a unified view displaying all of their data-driven information, as well as a framework for developing information-rich applications that deliver a comprehensive, contextually-relevant view of any topic for business users, data scientists and a variety of targeted business functions.
A Hub for Cognitive Innovation and Exploration
For entrepreneurs and start-ups, the Watson Groups Silicon Alley headquarters will provide a business incubator offering the technology, tools and talent to create and launch new products and businesses based on Watsons cloud-delivered cognitive intelligence. As a result, business partners will gain the support to achieve their visions for solving industry and societal challenges, and meeting marketplace demands that are currently unmet.
The Watson Group's headquarters will also provide a client solutions center, serving as a place for IBM clients to experience cognitive technologies and learn how they can help transform their businesses. In addition, the headquarters will host a design lab for continuously enhancing the user experiences for cognitive applications and services used by IBM clients and partners.
The Watson Group will also offer workshops and seminars on topics such as development skills, as well as networking opportunities. These events will build upon the more than 1,000 academic partnerships that IBM has developed to prepare university students for careers in cognitive computing, big data and analytics. This includes Watson-inspired business and technical challenges, new curriculum, faculty grants and internships.
A Turning Point for Computi
