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IBM announces a $1B investment in new IBM Watson Group

January 10, 2014

"We don't form a business unit very often...[and] when we do it's to make our company, our clients, our partners accelerate progress." - IBM CEO Ginni Rometty

IBM has unveiled the new IBM Watson Group via a live broadcast event from New York City. IBM Watson Group will accelerate the development and adoption of a new class of software with cognitive intelligence. The event, hosted by new IBM Watson Business leader, SVP Mike Rhodin, unveiled many new Watson technologies including IBM Watson Analytics Advisor, IBM Watson Explorer and IBM Watson Discovery Advisor. Several customer and partner speakers emphasized the promise of this new technology, the $1Billion investment and the importance of IBM's committment to the developer ecosystem.

Here are a few of the more memorable quotes from this morning’s presentation:

  • Astor_Place_single_RGB.jpg“The traditional process is not working any longer, that’s where Watson comes into play”- Jose Baselga, physician-in-chief, MSKCC discussing how to more accurately and effectively analyze patient needs and conditions
  • We are evolving computers from where they were “at worst a paperweight, at best an archive, to becoming a partner”- Tom Graham, chief innovation officer, Cleveland Clinic on Watson as a learning partner
  • What is important is “speed to a relevant answer”- Jay Katzen, president, Clinical Solutions, Elsevier addressing physicians' limited time between patients and the immediate need to take into account all relevant info in moments to make better decisions
  • “Turn data into advice” - Terry Jones, co-founder of Travelocity and Kayak highlighting the continual search for expertise

It's official—Watson is open for business.

Visit http://www.ibmwatson.com for more detailed information about the future of the IBM Watson Group and connect to the social conversation through:

NEW: Watch the live broadcast recording