The system has already been generating ‘significant revenues’.
IBM is giving a strong push to its artificial intelligence (AI) system Watson.
The US tech major will establish a base for the AI system in New York’s Silicon Alley and highlight the areas in which the technology is already being used in sectors such as finance, healthcare and retailing.
According to Watson marketing head Stephen Gold, the system has already been generating ‘significant revenues’.
Gold said: "There’s still work to do, certainly.
"The effort expended earlier on was greater than it is today, and a year from now it will be even less."
Further, IBM is planning to launch its cloud-based predictive analytics tool, Watson Analytics, to offer data refinement services for data analysis and visualisation.
Set for launch next month, the Softlayer-based tool can also be deployed to automate data preparation, predictive analysis and visual storytelling. It is aimed at business users, rather than data experts.
Microsoft has launched a similar cloud-based predictive analytics engine Azure ML that enables users to develop predictive applications.
