One of the cornerstones of International Business Machines' (NYSE:IBM) ongoing transformation is cognitive computing, which encompasses artificial intelligence and other related technologies. IBM is a business that serves other businesses, and its approach to artificial intelligence (AI) stays true to its purpose. IBM Watson, the company's well-known AI system, is being used in industries like healthcare and financial services to augment the skills of professionals in those fields. The long-term potential of the technology is immense. This article originally appeared in the Motley Fool. IBM has made a bet that cognitive computing will be a big part of its future.
You're sitting at home minding your own business when you get a call from your credit card's fraud detection unit asking if you've just made a purchase at a department store in your city. It wasn't you who bought expensive electronics using your credit card – in fact, it's been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?
Hundreds of millions of people around the world suffer from visual impairment. A new program from Microsoft utilizes machine learning techniques and artificial intelligence to help diagnose and treat the condition, according to a report from Mashable. Earlier this year, Microsoft teamed with the not-for-profit LV Prasad Eye Institute (LVPEI) in India, which provided the computing giant with access to more than one million anonymized medical records. Those records were tossed into Microsoft's cloud-based machine learning program and processed. The data gave Microsoft the ability to look through and analyze a wide range of procedures, providing a better understanding as to why a certain operation is chosen and the results of different surgeries for the eye patients.