IBM (NYSE: IBM) unveiled "Project DataWorks," a Watson initiative that is a cloud-based data and analytics platform to integrate all types of data and enable AI-powered decision-making. Businesses today understand the competitive advantage of gaining insights from data. However, obtaining those insights can be increasingly complex, and most of this work is done by highly skilled data professionals who work in silos with disconnected tools and data services that may be difficult to manage, integrate, and govern. Also, because data is never static, businesses must continually iterate their data models and products--often manually--to benefit from the most relevant, up-to-date insights. Project DataWorks can help businesses break down these barriers by connecting all data and insights for their users.
IBM is again at a crossroads as its stock price languishes and market analysts question if it is on the right path. The Company has doubled down on predictive analytics as a core element of its transformation strategy – however, the decline in its low growth legacy businesses is outpacing the growth in its new business initiatives. Consequently, overall revenue has declined in each of the past fourteen quarters and earnings have continued to disappoint, resulting in the stock price and market value of the Company declining; leading to talk of activist investors, spinning off the Watson business and other perceived value creation strategies. This blog is not an analysis of the equity value of IBM's stock, rather it is an attempt to review the progress of the Company's investments in analytics. Currency movements, share buybacks and other financial events will influence the Company's value, but its core strategy will be the ultimate determinant of its value.
Yactraq's machine learning driven audio mining offering makes custom vocabulary based speech analytics affordable for any organization, including SMB's and enterprise business unit's. Yactraq has been selected in a Gartner Cool Vendor (Smart Machines) 2016 among the first 20 companies to be showcased by IBM Watson's Cognitive Gallery and is an IP for Defense partner of Intellectual Ventures, the world's largest patent bank. Q: You've developed a breakthrough artificial intelligence platform for audio-mining and speech analytics; can you give us more insights into your technology? A: Beyond basic functionality offered by legacy audio-mining systems, Yactraq's OmniTraq audio mining product offers revolutionary machine learning driven capabilities that enable our clients to detect customer sentiment and monitor service quality in new and powerful ways, across a range of verticals. OmniTraq can be viewed as an analytics, reporting and search layer that depends on two key technology platforms.
Today unveiled "Project DataWorks," an initiative from Watson that is the industry's first cloud-based data and analytics platform to integrate all types of data and enable AI-powered decision-making. Project DataWorks is designed to make it simple for business leaders and data professionals to collect, organize, govern and secure data, so they can gain the insights needed to become a cognitive business. We are at an inflection point in the big data era," said Bob Picciano, senior vice president, IBM Analytics. "We know that users spend up to 80 percent of their time on data preparation, no matter the task, even when they are applying the most sophisticated AI. Project DataWorks helps transform this challenge by bringing together all data sources on one common platform, enabling users to get the data ready for insight and action, faster than ever before."
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE:ACN) and IPsoft today announced the creation of an Accenture Amelia practice, designed to accelerate client adoption of artificial intelligence to improve business outcomes and create new growth opportunities for their businesses. Accenture will utilize IPsoft's Amelia platform to develop go-to-market strategies, solutions and consulting service offerings around deployments of virtual agent technology for clients across several industries with initial focus on banking, insurance and travel. "Artificial intelligence is maturing rapidly and offers great potential to reshape the way that organizations conduct business and interact with their customers and employees. At the same time, executives are overwhelmed by the plethora of technologies and many products that are advertising AI or Cognitive capabilities," said Paul Daugherty, Accenture's chief technology officer. "With our new Accenture Amelia practice, we are taking an important step forward in advancing the business potential of artificial intelligence by combining IPsoft's world-class virtual agent platform with Accenture's broad technology capabilities and industry experience to help clients transform their business and operations."