Bob Picciano, senior vice president, IBM Cognitive Systems

Open any business publication or digital journal today, and you will read about the promise of AI, known as artificial or augmented intelligence, and how it will transform your business. The fact is: AI will not only transform your entire business — whether you are in healthcare, finance, retail, or manufacturing — but it will also transform technology itself.

The essential task of information technology (IT) — and how we measure its value — has reached an inflection point.

It’s no longer just about process automation and codifying business logic. Instead, insight is the new currency. The speed with which we can scale that insight and the knowledge it brings is the basis for value creation and the key to competitive advantage.

This trend is fueling a surging interest in deep learning and AI, or, as IBM calls it, cognitive computing. According to IDC, global spending on AI-related hardware and software is expected to exceed $57.6 billion in 2021, almost a five-fold increase over the $12 billion that will be spent this year.

The real promise of AI is to unleash actionable insights that would otherwise be trapped in massive amounts of data. Much of that data is unstructured data — or the data generated by such things as written reports and journals, videos, social media posts, or even spoken words.

Since we introduced IBM Watson, and our powerful AI cloud platform, we’ve continued on our journey to reinvent computing for this new era. And we’ve learned that to meet the new demands of cognitive workloads, we need to change everything: from the algorithms and mathematics that are the foundations of the software, to the hardware that drives it, and to the cloud that deploys Read More Here