ARMONK, N.Y., March 25, 2021 /PRNewswire/ -- IBM (NYSE: IBM)
today announced that global research firm Gartner has positioned
IBM as a Leader in the newly published 2021 Gartner Magic Quadrant
for Insight Engines1. This builds on the recent
news that IBM was positioned as a Leader in the 2021 Magic
Quadrant for Cloud AI Developer Services2 and the 2021
Magic Quadrant for Data Science and Machine Learning
Platforms3.
In the report Gartner states, "Insight engines combine search
capabilities with artificial intelligence to deliver actionable
insights derived from the full spectrum of content and data sourced
within and external to an enterprise. This Magic Quadrant profiles
15 vendors to help application leaders make the best choice."
Language can present a unique challenge for businesses – each
company and industry has its own vernacular that evolves in
response to new innovations, changing consumer expectations and
world events. In addition, the language of business comes in many
formats, from simple text documents to more complicated formats
like charts, tables, PDFs, and images.
IBM Watson Discovery, an AI-powered search and text-analytics
service, uses advanced natural language processing (NLP) to help
companies find new insights from complex enterprise documents and
data.
IBM Research provides a strong pipeline of NLP innovation for
IBM Watson designed to help businesses increase accuracy and
efficiency, while requiring less data and training time. Over the
past year, IBM unveiled new features in beta for IBM Watson
Discovery including Reading Comprehension; commercialized advanced
sentiment analysis and summarization tools from Project Debater;
and partnered with the Recording Academy, Bloomberg &
Intelligence Squared, the US Open and ESPN Fantasy
Football.
"The majority of data does not fit neatly into a database. It
exists in documents. Natural language processing is core to IBM's
AI for business strategy and helps businesses detect business
critical insights, perform predictions, and better understand
trends," said Daniel Hernandez,
General Manager for Data and AI, IBM. "IBM continues to be
positioned as a Leader in reports like the Gartner Magic Quadrant
for Insight Engines, which we believe underscores the value IBM
Watson is bringing to businesses and partners."
Organizations and ecosystem partners including EquBot and HSBC,
and the Clerk of the Superior
Court in Maricopa County are
using IBM Watson Discovery in innovative ways to uncover meaningful
business insights.
"We are only just now scratching the surface of what AI can do
to transform investment management and more broadly financial
markets," said Chida Khatua, CEO,
EquBot Inc. "Our team collaborated with HSBC to deliver a
first-of-its-kind Artificial Intelligence-powered index (AiPEX)
that uses EquBot neural networks with IBM Watson Discovery to
uncover new investment opportunities."
"Our team in Maricopa County
receives thousands of service requests each day from our 4 million
residents who need support with time-sensitive requests like
applying for marriage licenses, renewing passports and accessing
court records," said Aaron Judy,
Chief of Innovation and AI, Clerk of the Superior Court in Maricopa County, Arizona. "Using IBM Watson
Discovery with IBM Watson Assistant, we're able to pull up-to-date
information from multiple sources across different agencies for
complex questions, which helps to keep our citizens informed, keep
wait times lower, save our agents valuable time, and provide
greater access to justice for all."
Read the blog and download a complimentary copy of the 2021
Gartner Magic Quadrant for Insight Engines at:
https://www.ibm.com/blogs/watson/2021/03/ibm-gartner-leader-2021-magic-quadrant-insight-engines/
To learn more about IBM Watson Discovery, please visit:
https://www.ibm.com/cloud/watson-discovery
About IBM Watson
Watson is IBM's AI technology for
business, helping organizations to better predict and shape future
outcomes, automate complex processes, and optimize employees' time.
Watson has evolved from an IBM
Research project, to experimentation, to a scaled, open set of
products that can run anywhere. With more than 40,000 client
engagements, Watson is being
applied by leading global brands across a variety of industries to
transform how people work. To learn more, visit:
https://www.ibm.com/watson.
Gartner Disclaimer
Gartner does not endorse any
vendor, product or service depicted in its research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
Media Contact:
Sarah
Murphy
IBM Media Relations
srmurphy@us.ibm.com
1 Source: Gartner, "Magic Quadrant for Insight
Engines," Stephen Emmott,
Anthony Mullen, [March 22, 2021]
2 Source: Gartner, "Magic Quadrant for Cloud AI
Developer Services," Van Baker, Bern
Elliot, Svetlana Sicular,
Anthony Mullen, Erick Brethenoux,
[February 24, 2021]
3 Source: Gartner, "Magic Quadrant for Data Science
and Machine Learning Platforms," Peter
Krensky, Carlie Idoine, Erick
Brethenoux, Pieter den Hamer,
Farhan Choudhary, Afraz Jaffri, Shubhangi
Vashisth, [March 1, 2021]
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SOURCE IBM