News explorer watson software#

Nonetheless, it's clear that Watson will feature prominently in IBM's long-term roadmap as the tech bellwether seeks out growth opportunities. IBM declined to comment when TheStreet contacted the company about the Watson revenue report. The transcript, however, indicated that Watson had total revenue of less than $100 million in late October, according to the newspaper. The Journal cited an October 2013 conference call transcript that it had reviewed. Back in 2010, IBM had set an initial goal of $10 billion by 2015.Įarlier this week, The Wall Street Journal reported that Rometty told IBM executives she hopes Watson will generate $10 billion in annual revenue within 10 years. Read: Salesforce CEO Benioff Lays Out Cloud, Mobile StrategyĪt its investor briefing last year, IBM increased its 2015 revenue target for analytics and big data to $20 billion from $16 billion, underlining the potential for technologies such as Watson. A month later, IBM CEO Ginni Rometty gave a peek into the company's efforts to make money off Watson during her first public speech since taking the tech giant's reins in 2012. Last February, IBM unveiled the first commercial technologies based on its Watson supercomputer, targeting the lucrative health care sector. In addition to healthcare, the CEO identified Watson cloud opportunities in retail and travel.

The company, however, considers enterprise deployments of the supercomputer to be 'more scalable' and 'more repeatable'. Speaking during the launch event, Rometty described how IBM initially targeted Watson at the healthcare sector, working with the likes of the Memorial Sloan Kettering Cancer Care Center and the Cleveland Clinic.

Watson will deploy on top of SoftLayer, IBM's recent cloud computing infrastructure acquisition. 'It learns from experience and interation.'Īs well as unveiling the Watson Group, IBM also announced three new Watson-based services - Watson Discovery Advisor for pharmaceutical research Watson Analytics for visual representations of big data and Watson Explorer for uncovering and quickly sharing information across an enterprise. 'It's a new species - it is taught, not programmed,' she said. 'Today is an important moment in the company's history and it's an important moment in the history of technology,' she addded.įrom the 'tabulating era' of the late nineteenth century characterized by punch-card machines to the 'programmable era' of the 1950s and 60s, Rometty said that Watson heralded a third 'cognitive era' of computing when it was first launched in 2011. To illustrate her point, Rometty compared Watson to key offerings in the company's history, such as mainframes, PCs and the creation of IBM Global Services. 'We don't create these units very often, but when we do it's because we see something that's a really big shift that we believe in,' said IBM CEO Ginni Rometty during a launch event in New York City on Thursday.

News explorer watson software#

Some 2,000 people will work within the Watson Group, led by Michael Rhodin, former senior vice president of IBM's Software Solutions Group. The company will make $100 million of its investment available for venture investments in startups and businesses building Watson-powered apps. IBM will invest more than $1 billion in the Watson Group, focused on R&D and bringing cloud-based applications and services to market. Read: Did CES Just Kill the Old Video Game Console?