IBM Watson services aid retailers in decoding consumer choices by providing insights into latest trends, and key aspects of marketing. This further enable retailers in improving the profitability, and enhancing their business efficiency. Operating more effectively using analytics, IoT, and cognitive computing, IBM Watson helps manufacturing plants in reducing downtime and improving the overall operational quality.
Apart from increasing uptime, IBM Watson also helps manufacturing industry in lowering risks in their processes by analyzing machines, handling equipment repairs, and predicting outages. This further enables manufacturers in adapting their factory floors in real-time, for reducing downtime, and streamlining operations.
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IBM Watson Services: High Attraction in Healthcare with BFSI on the Trail
IBM Watson’s cognitive computing or AI platform has been reforming the healthcare operations since the recent past. Services offered by IBM Watson facilitate healthcare professionals by screening structure & unstructured data of patients, and recent evidence-based medications, regulatory requirements, and quality standards. IBM Watson has been constructed for churning through ever-growing quantity of research data, thereby promising fast marketing of new drugs.
IBM Watson services are being extensively employed by pharmaceutical companies, academic institutions, and medical devices manufacturers for drug repurposing and new drug target identification. The potential for AI in improving the overall quality and consistency of cancer care, which has enabled physicians in spending more time on delivering care to patients, has paved lucrative opportunities for IBM Watson services in the healthcare sector.
Finance organizations are entering into partnerships with IBM for leveraging the Watson technology in developing effective consumer banking solutions. Post-development of cognitive technologies to deliver consumer insight, IBM Watson has offered services that enable finance firms in managing regulatory and compliance controls. Insurance employees can leverage IBM Watson services in fast determination of the eligibility and percentile of claim that must be paid, thereby making better decisions and gaining better results.
Banking, financial services & insurance (BFSI) is estimated to trail healthcare in terms of IBM Watson services market’s revenue share. Currently, IBM Watson financial services power services apropos of the wealth management industry, financial risk management solutions, and insurance services.
IBM Watson Facilitating Prevention of Cyber-Attacks
Recent revelation of IBM Watson’s special version, which is designed for preventing cyber-attacks, has gained traction as “language of security”. This cybercrime-fighting and cloud-based software is capable of analyzing research into potential threats for locating suspicious or malicious activity in a computer system. The software has become an effective solution for growing concern of hacks in the digital world.
IBM Watson’s security system holds potential in saving resources spent by an organization on chasing false alarms every year. Combining unique abilities of machine and human intelligence for fighting against advanced cybercrime, IBM Watson is set to witness increased penetration among organizations with data security requirements.
IBM Watson Services Market: Fundamental Shortcomings to Confine Growth Potential
IBM Watson services involve time-intensive laborious training, with the need for experts to feed enormous quantity of well-organized data into the platform for drawing insightful conclusions. Additionally, it can draw conclusions based only on body of data that it has been or being trained on. “Well-organized” requirement is a key challenge confining penetration of IBM Watson services, as unprepared sets of data are typically insufficient.
Another drawback of IBM Watson is its inability to make connections with different corpora, which in turn makes gleaning even basic insights challenging. Training Watson on oncology has been seen to provide no insights on heart disease – a limitation that drastically constrains its deployment in clinical settings.
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Table of Content:
- Executive Summary
1.1. Executive Summary
1.2. IBM Watson Services Market Taxonomy
1.3. Highlighting Action Area – Wheel of Fortune
- Market Introduction
2.1. Market Definition
2.2. Digital Neuron for Enterprise
2.2.1. Disruption on the way
2.2.2. Cognitive Computing getting mainstream
2.2.3. IBM Watson Breaking Grounds
2.3. IBM Watson: The Gap Filled
- IBM Watson Services Structure Analysis
3.1. IBM Watson Evolution
3.2. IBM Watson Ecosystem
3.3. IBM Watson Architecture
3.4. Value Chain Analysis
3.5. Forecast Factors Analysis
3.6. Service User Survey
- Global IBM Watson Services Market Outlook and Analysis
4.1. Market Size (2013-2017) and Forecast (2018-2028)
- Market Dynamics
- Global IBM Watson Language Services Market Analysis, by Service Type
6.2. Market Size and Forecast
6.3. Absolute $ Opportunity in Global IBM Watson Language Services Market
6.4. IBM Watson Language Services Market Analysis by Service Type
6.4.1. Market Share Comparison and Forecast
6.4.2. Y-o-Y Growth comparison
6.4.3. Market Size and Forecast by Services Type
188.8.131.52. IBM Watson Language Consulting Services Market
184.108.40.206. IBM Watson Language Implementation Services Market
220.127.116.11. IBM Watson Language Support Services Market
6.4.4. Absolute $ Opportunity by Services Type
18.104.22.168. IBM Watson Language Consulting Services Market
22.214.171.124. IBM Watson Language Implementation Services Market
126.96.36.199. IBM Watson Language Support Services Market
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