What You Need to Know About IBM's New Artificial Intelligence Platform

IBM (NYSE:IBM) is in the middle of reinventing itself from a hardware company that sells servers to businesses, to a services company that provides platforms, analytics, and cloud computing to its customers. Sure, it still sells hardware, but IBM is continually looking ahead to a world where service revenue dominates its top line. To that end, IBM recently made an announcement about a new artificial intelligence (AI) platform it's launching, called Cloud Private for Data. The name doesn't necessarily roll off the tongue, but IBM says that this new data science and machine learning platform will make it easier for its customers to make data-driven decisions. "Designed to help companies uncover previously unobtainable insights from their data, the platform is also designed to enable users to build and exploit event-driven applications capable of analyzing the torrents of data from things like IoT sensors, online commerce, mobile devices, and more," the company said in a press release.