Since 2014, IBM has invested billions of dollars in the Watson department and employs approximately 10,000 employees. IBM's promotional activities include Watson and celebrity bickering TV commercials. Watson showed great potential by helping to complete tasks such as cancer diagnosis. Industry experts questioned IBM's commercialization of Watson. Market research firm Gartner analyst Tomaustin said, "IBM's goal is to take a huge project that will take years and invest heavily to complete. It seems to be trying to achieve its goal." IBM insists that applying Watson to medical and manufacturing industries is a long-term plan. Watson defeated the human champion in the "Jeopardy!" program in 2011. IBM executives said Watson is increasingly becoming a revenue-generating opportunity. They called Watson's application in the field of genomics a model of corporate strategy. Together with Zhou, IBM will work with Quest Diagnostics to provide gene sequencing and Watson diagnostic analysis to oncologists as a cloud service. IBM executives said Watson’s use of genomics could potentially enable millions of cancer patients to enjoy accurate medical services. At present, there are 14 million cancer patients in the United States. IBM executives said that genomics services are a step in IBM's plan to establish an ecosystem of corporate partners and software developers. Analysts believe that the artificial intelligence market is about to grow rapidly. Artificial intelligence is still a fiercely competitive field in the computing market. Market research firm IDC predicts that the market, including hardware, software and services related to artificial intelligence, will grow from 8 billion U.S. dollars (about 53.8 billion U.S. dollars) this year to 47 billion U.S. dollars in 2020 (about 316.1 billion U.S. dollars). ). According to experts, the current artificial intelligence industry is similar to the Internet industry in the mid-1990s: all products and services will integrate this technology. IDC chief analyst Frank Gens said, "Our goal is that artificial intelligence is everywhere." In addition to IBM, other corporate tech giants, including Salesforce, SAP, and Oracle, are also actively investing in artificial intelligence software. Analysts said, however, consumer Internet companies with large-scale cloud computing business are most likely to develop artificial intelligence operating systems, Amazon, Google and Microsoft are leading in this regard. IBM may have the opportunity to join this group. IDC expects that by 2020, 60% of artificial intelligence applications will run on 4 companies' platforms: Amazon, Google, Microsoft and IBM. Compared with three other companies, IBM needs more growth from artificial intelligence. IBM's new business such as Watson, data analysis and cloud computing is growing, but it is not enough to make up for the decline in traditional hardware, software and services. IBM's revenue has fallen for 17 consecutive days. IBM not only listed Watson's business performance in its financial report. However, UBS Securities Research estimates that Watson will bring $500 million (about RMB 3.4 billion) in revenue to IBM this year and will grow to $6 billion (about RMB 40.4 billion) by 2020, by 2022 It will further increase to 17 billion U.S. dollars (about 114.4 billion yuan). Curing Screen Protector,Hydrogel Phone Cutting Machine,Protective Film Cutter Machine,Screen Protcter Custting Machine Shenzhen TUOLI Electronic Technology Co., Ltd. , https://www.hydrogelprotectors.com
IBM bets on Watson artificial intelligence technology for the next six years or $17 billion
October 19 news, according to foreign media reports, IBM artificial intelligence technology Watson can develop into a multi-billion dollar business, become the engine of IBM's recovery? IBM believes the answer to this question is yes. Its commercialization of Watson's efforts stood out among many competitors.