IBM: AI Needs More Than Just Technology 4-Traders

Artificial intelligence (AI) on its own isn t enough to compete -- companies need industry-specific solutions to business problems. So said Martin Schroeter, IBM Corp. (NYSE: IBM) s company senior vice president and chief financial officer, on the company s quarterly earnings call Thursday afternoon. Cognitive computing technology (IBM s term for AI) is just "table stakes," said Schroeter, claiming that his company is going the extra mile. IBM is building datasets for Watson to serve specific industries, including healthcare and finance. "You need more than public data or algorithms to solve real-world problems," Schroeter said.