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"Big Blue" to Make a $1B Cloud Computing Investment

January 11, 2014
by Staff Writer

IBM - also known as "Big Blue" - is to make a $1B investment in cloud computing. The company will invest the money in the Watson Group which is involved in developing cognitive applications and cloud-based services for business. With headquarters in New York City, New York, the group has a 2,000-strong team dedicated to research and development in the area of cognitive computing.

The whole area of cognitive computing was popularized by IBM's 'Watson' supercomputer which is underpinned by artificial intelligence. Watson is able to understand natural language to answer questions on a range of complex issues. In 2011 the system pitted its ability against competitors on leading US quiz show 'Jeopardy!' Watson ultimately won the show's first prize of $1 million.

The Watson Group intends to extend cognitive computing capability to analyze and provide actionable advice on a wide range of complicated issues. These include medical concerns, issues related to the stock market and investment as well as retail, travel and telecommunications problems. Ultimately, developers involved in cloud computing will be able to utilize the capability to support their activities.

Although to date IBM's Watson Group has not generated substantial profit from commercial applications of the technology, the corporation's latest round of investment underscores its confidence in the area of cognitive computing.

What do you think about the possible applications of cognitive computing? Let us know the details. Add your comments below.

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