Watson-as-a-service

After the supercomputer Watson defeated two permanent champions of the American intellectual game Jeopardy! and began working in the health sector not only with insurance companies , but also with research laboratories around the world, he found another use - this time in the banking sector.

IBM and one of the largest financial institutions in the world, Citibank, have agreed that Watson will process the unstructured financial data of the company in order to better manage risks and analyze the wishes of bank customers in order to build the most modern and advanced electronic banking system.

The official twitter account of the intelligent supercomputer @IBMwatson recently shed light on some of the details of the agreement between the two giants: "Watson is best suited to solve problems associated with making critical decisions based on analyzing large amounts of unstructured data." We can say that the supercomputer will act as a big dad of big data, because according to statistics (collected by IBM from the beginning of time), 90% of all data around the world was created in the last two years and 80% of them are not structured and chaotic. As for the field of finance, in the USA, on Wall Street, about 5 new market studies appear every minute, and if we are talking about medicine and health care, there the amount of data doubles every two years and this dynamic will only increase in the future, so that Watson really has where to turn.
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Why WaaS? It's simple - IBM will not transfer a supercomputer cluster under the roof of a client company that uses its analytical capabilities, but will provide its services as a hybrid cloud service. At the same time, the cluster itself will be, as it is now, at the headquarters of IBM, and only data access will be provided by connecting to corporate information storage systems.

In order for Witson's work for Citi to be most relevant and appropriate to the specific situation, the supercomputer is already being “trained” in regulatory practices, laws in the field of financial law, and even jargon prevalent in the banking environment.

It is not surprising that such a smart guy like Watson found himself a job on Wall Street, and we will definitely tell the audience about his first results in his work in the financial industry. It is quite possible that in the future IBM will want to train the supercomputer and other tricks, such as the fundamental or technical analysis of securities and the selection of the most attractive stocks / bonds for investment.