Money and Finance
IBM Creating Pocket-Sized Watson in $16 Billion Sales Push
- David Ferrucci: Life After Watson
Thanks to Andrew for passing this along. To the degree there was a human face of Watson, the “Jeopardy!” computer champion, it was David Ferrucci. He was the I.B.M. researcher who led the development of Watson, an artificial intelligence engine. The...
- Nolan Watson: Why Mine Finance As You Know It Is Dead
At the Mines and Money London conference in December 2012, Sandstorm Gold President and CEO, Nolan Watson, gave a keynote speech on resource finance. Link ...
- Tedxvancouver - Nolan Watson - Compassion Kills
Thanks to Shai for passing this along. After becoming the youngest CFO (age 26) of Silver Wheaton, a multi-billion dollar public company, Watson went on to build Silver Wheaton into the largest metal streaming company in the world. Today, as Chief Executive...
- Watson Shows 59 Is New 30 - By Thomas Friedman
A story about Tom Watson at the British Open that I enjoyed. A wonderful but cruel game Also, as Watson himself appreciates, the way he lost the tournament underscored why golf is the sport most like life. He hit two perfect shots on the 18th hole in...
- Stryker (syk) Dividend Stock Analysis
I really want to get more exposure to the healthcare industry as I currently only have Medtronic in my FI Portfolio. Late last month I looked at Baxter International (BAX) and really liked what I saw, but unfortunately I had no free capital so I couldn't...
Money and Finance
IBM's Watson and the healthcare industry
From the book Cracking the Code:
“One such application for Watson could be in the field of medicine; Watson’s virtually limitless data storage capability combined with its incredible recall ability makes it a natural diagnostician. Imagine if Watson’s memory contained the medical history of every patient, as well as all medical knowledge known to humans so far, including experimental treatments. If provided with all the symptoms of a patient with a disease that doctors have been unable to diagnose correctly, Watson could come up with a few likely diagnoses as well as suggest the best course of action given the results from thousands of previous cases.
Better still, if Watson had an additional module installed that allowed it to extract all the information it needs from a patient’s blood or tissue sample, it could be an all-in-one medical provider. Taking it one step further, Watson could also be programmed to find certain patterns in disease and treatment. Its vast database would be able to pick up trends and patterns that may be too subtle for humans to detect.
In fact, IBM has already entered into a research agreement with a company called Nuance Communications, to explore, develop and commercialize Watson’s advanced analytical capabilities in the healthcare industry. Nuance Communications (NASDAQ: NUAN) has a market capitalization of over US$7 billion at the time of writing and is trading at almost 50 times its trailing earnings, so clearly the market strongly believes in the huge commercial opportunity that lies ahead in this sector. The law would be another wonderfully powerful application for Watson. Totally impartial, Watson the lawyer, or perhaps more controversially, the judge would have access to every case in history as well as all the world’s laws and legal systems. Think of how quickly and efficiently cases could be heard and resolved. Most of all, think about the potential billions of dollars saved in legal fees that would otherwise be racked up by using human lawyers!”
..................
Related articles:
Watson in healthcare (Thanks to Andrew for passing this link along.)
Watson in healthcare (Thanks to Andrew for passing this link along.)
IBM Creating Pocket-Sized Watson in $16 Billion Sales Push
Related previous posts:
Britain's answer to Warren Buffett backs the biotech sector in new investing book
Quote on the life sciences industry
- David Ferrucci: Life After Watson
Thanks to Andrew for passing this along. To the degree there was a human face of Watson, the “Jeopardy!” computer champion, it was David Ferrucci. He was the I.B.M. researcher who led the development of Watson, an artificial intelligence engine. The...
- Nolan Watson: Why Mine Finance As You Know It Is Dead
At the Mines and Money London conference in December 2012, Sandstorm Gold President and CEO, Nolan Watson, gave a keynote speech on resource finance. Link ...
- Tedxvancouver - Nolan Watson - Compassion Kills
Thanks to Shai for passing this along. After becoming the youngest CFO (age 26) of Silver Wheaton, a multi-billion dollar public company, Watson went on to build Silver Wheaton into the largest metal streaming company in the world. Today, as Chief Executive...
- Watson Shows 59 Is New 30 - By Thomas Friedman
A story about Tom Watson at the British Open that I enjoyed. A wonderful but cruel game Also, as Watson himself appreciates, the way he lost the tournament underscored why golf is the sport most like life. He hit two perfect shots on the 18th hole in...
- Stryker (syk) Dividend Stock Analysis
I really want to get more exposure to the healthcare industry as I currently only have Medtronic in my FI Portfolio. Late last month I looked at Baxter International (BAX) and really liked what I saw, but unfortunately I had no free capital so I couldn't...