IBM Launches New Watson Capabilities to Help Businesses Build Trustworthy AI
By Michael Dabaie
International Business Machines Corp. unveiled new capabilities
for its IBM Watson Artificial intelligence technology designed to
help businesses build trustworthy AI.
The new capabilities include new data privacy management
capabilities to help businesses meet evolving data privacy
challenges and enhanced explainability for planning forecasts. IBM
Planning Analytics with Watson will include a new statistical
details page designed to provide more transparent and
easy-to-understand facts about how a forecasting prediction was
IBM Watson Studio now includes new learning capabilities as a
tech preview to help businesses apply machine learning techniques
to situations where data cannot or should not be moved due to
reasons such as data privacy, secrecy, regulatory compliance, or
the size of data involved.
IBM Watson Studio also now includes capabilities in beta
designed to tackle the challenges of automating, analyzing, and
forecasting time series data commonly seen in many industries like
finance, manufacturing, and retail.
IBM shares were up 2% to $141.29 in morning trading.
"AI is only as useful as your trust in it. Especially in
business and when the stakes are high," said Daniel Hernandez,
general manager of Data and AI at IBM.
The company said an IBM-commissioned survey found that trust,
transparency and explainability are top-of-mind concerns for
businesses, with 84% of AI professionals surveyed agreeing that
consumers are more likely to choose services from a company that
offers transparency and an ethical framework on how its data and AI
models are built, managed and used.
IBM said 82% of AI professionals surveyed said their
organization has been negatively impacted by problems, like bias,
with data or AI models.
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(END) Dow Jones Newswires
April 21, 2021 11:21 ET (15:21 GMT)
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