Data science and cognitive computing are 2 leading contemporary analytics computing paradigms. Though distinct areas of specialization, both models entail considerable overlap in technologies and tools, and often share similar goals, outcomes, and aspirations. Both archetypes are data-driven, are often large scale, and increasingly rely on high performance computing. Data science encompasses machine learning and other analytic processes, statistics and related branches of mathematics, in order to extract insight from data and use it to tell stories. Data science employs all sorts of different tools from a variety of related areas, including data mining, artificial intelligence, and Big Data.

DATAVERSITY Education, LLC announced the agenda and opened registration for the company's newest online conference, Smart Data Online (SDO). The event will be held online at smartdataweek.com on July 13th, 2016 from 8:00 am to 2:20 pm Pacific Time. Registration is free and attendees will receive access to the on demand recordings, slides, and materials following the event. SDO is the newest event to be added to DATAVERSITY's educational programs, and is designed to provide guidance on executing and implementing a successful data strategy using new technologies in the fields of machine learning, cognitive computing, and artificial intelligence. Throughout the day on July 13th there will be six, 40-minute presentations, each followed by a 10 minute "Q & A" discussion with the presenter(s).

IBM and SK Holdings C&C, a South Korean IT services company, are planning to bring IBM's Watson cognitive technology language services to South Korean banking. The alliance, which includes training Watson to understand Korean, is designed to "dramatically accelerate" the adoption of cognitive computing throughout the region, giving South Korea-based developers a set of localised APIs and services they can use to help create their own applications and build new businesses. David Kenny, general manager, IBM Watson, says: "The South Korean marketplace is moving quickly to embrace the disruptive opportunities from next generation technology. Our strategic alliance with SK Holdings C&C will put cognitive services in the hands of more businesses and developers." SK Holdings C&C will run Watson and IBM Bluemix from its Pangyo Cloud Center, in support of universities, developers, and local businesses, across "diverse" industries including banking.

A day spent at the inaugural AI Summit in London last week highlighted the inherent contradiction when it comes to artificial intelligence and the enterprise: AI has been on the industry's radar for decades, yet businesses aren't ready to deploy the technology just yet. Murray Shanahan, professor of cognitive robotics at Imperial College London said that artificial intelligence (AI) is the latest fashion in an industry that is known for them: "Larry Ellison famously said that there is nothing more fashion led than the IT industry. We can see AI as a new fashion, rebadging a load of old ideas, but essentially technology has always been about adding value to an organisation." David Schatsky, head of the trend-sensing program for the US innovation team at Deloitte is a little more positive, saying: "I have looked at literally hundreds of examples of organisations in every industry that have applied or are piloting cognitive technologies in some way. We've found that you can classify everything into one of these three buckets of applications: product, process and insight."

IBM's California research lab sits atop a green hill here, 15 miles south of downtown San Jose. There aren't any signs that suggest if you drive up the narrow road that wraps around the hill you'll find a research facility at the top. No signs that the research center is home to a Fortune 500 company. No signs -- even inside -- that the company once dominated the personal computer industry. After decades in the spotlight as a hardware-centric firm selling PCs, servers and mainframes, the 105-year-old tech giant has made a dramatic shift into a realm that few understand: cognitive computing. Deep within the apps we use, the food we eat, the medicine we take and the medical diagnoses we make, you'll find traces of IBM.

Day 2 at NVIDIA's GTC 2016, and we see one of the first Deep Learning Robotics application demo with the IBM Watson robot. Finally, a deep learning robotics application that many can relate! Of all the deep learning examples we've come across, this IBM Watson Robot demo is one of the most appreciated and understandable for the masses. This is but a glimpse of cognitive computing. But what does that term mean?

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Crowder goes on, "Application developers across multiple industries recognize the value of leveraging cognitive capabilities to add insight to their digital interaction with their customers. Cognitive systems are now helping doctors, for example, make more informed treatment decisions by analyzing medical journals and medical images, and in the process revolutionizing healthcare. Our computers are becoming, as Thomas Watson, Jr. once envisioned, the most potent tool'for extending the powers of the human beings who use them.' Cognitive systems are defined by a few characteristics: They understand the world rather than automate it; they advise and provide evidence rather than output a binary answer; and they learn and improve rather than remain static. To achieve their goal of better understanding the world, cognitive systems glean insights from vast amounts of unstructured text, voice, and image data."

Which medicines should Europe's health systems pay for – and how much should they pay? No apologies for returning to the issue, because Europe's authorities have seized on it once again, putting drug pricing at the top of the bill at a meeting of Europe's health ministers in mid-April. Pharmaceutical executives never tire of the discussion either -- because they know that if it goes the wrong way, they could be out of a job, and that in the current tough economic climate, nothing can be ruled out. Even Sanofi's CEO Olivier Brandicourt, the strong man of France's drug industry, was ready to admit -- on his home turf, at a meeting in Lyon, on the eve of the health ministers' meeting -- that he was "not optimistic" that the industry was getting its message across. So there is fertile ground for the health ministers' discussions of pricing -- clothed in the modest figleaf of "Innovations for the benefit of the patient", as a concession to the traditional member-state insistence on keeping these decisions at national level.

IBM is expanding its flash storage lineup to power cloud data centers that carry out so-called cognitive computing. The company's newest FlashSystem arrays, introduced Wednesday, combine its fast and relatively affordable FlashCore technology with a scale-out architecture designed to be easy to expand. Cognitive computing, which IBM defines as real-time data analysis for immediate, automated decision-making, is at the heart of much of IBM's current technology push for enterprises and service providers. Its Watson technology is the star of the show but only the most visible part of what the company is doing in this space. An example of cognitive computing is a mobile operator analyzing information about phone call quality to make decisions on the fly about changes in the network, said Andy Walls, an IBM Fellow and CTO for flash systems. Large-scale, real-time computing needs flash, IDC analyst Eric Burgener said.