IBM Watson Services Market Research and Overview of Size, Share, Revenue, Trends and Forecast till 2028

Posted on 2018-05-31 by Mark Hub in Technology // 0 Comments

ROCKVILLE, US, 2018-May-31 — /EPR Network/ — IBM Watson is considered to be the first-ever commercialized cognitive computing platform, designed specifically for underpinning the development of various enterprise solutions. IBM Watson services continue to tap immense opportunity in the rapidly evolving cognitive computing field, which has been reshaping the nature of business operations, thereby determining their growth. Fact.MR’s recent study projects the IBM Watson services market to record a spectacular rise in the period of forecast (2018-2028). Over US$ 20,000 Mn worth of IBM Watson services are estimated to be sold globally by 2028-end.

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Although cognitive computing is yet at its nascent phase, the technology is expected to have a significant influence on transformation of various businesses and industrial sectors. Leading companies such as Deloitte have joined IBM by investing time, manpower, and funds for implementing Watson technologies, in a bid to effectively resolve their client’s business’ shortcomings.

IBM Watson Reforming Diagnostic Procedures of Doctors

Supercomputers such as IBM Watson effectively consume huge amount of healthcare data and to provide doctors with relevant intelligence, and access to better & actionable diagnostic information. Imminent integration of IBM Watson Genomics into the TruSight Tumor 170 tool or Illumina, for speeding up recommendations of tailored drugs for cancer patients, promises a time-effective way of diagnosing conditions for doctors.

IBM Watson Genomics holds potential in scanning patient data in a very short time-period, to create report based on alterations in genetic sequencing by leveraging Illumina’s tool. The report will also incorporate medical literature and clinical trials apropos of relevant drugs for precise recommendation, facilitating diagnostic procedures for doctors and patients alike. This will further rub off on demand for IBM Watson services in the healthcare sector.

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.

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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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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized ICT Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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