You are here: Home » Companies » News

Cognitive cloud computing can transform companies: Ginni Rometty

President and Chief Executive of IBM says India can grow at 10% for next two years

Virginia Rometty, chairman, president and chief executive of US information technology giant IBM, said India had the potential to grow at 10 per cent annually for the next two years.

This century could, she felt, be India's. Speaking at IBM’s flagship customer event, ‘Think Forum’, she spoke at length about IBM’s cognitive cloud computing system, Watson, and how it had the potential to transform companies across the board. Watson is an artificially developed intelligence that works in natural languages. Currently, it is being applied in 36 countries and at a little more than 5,000 companies in the world.

“Watson will not replace us but assist us. This cognitive system is human plus machine,” she said. Asked how the system could benefit India, she said Watson can provide technical support, reduce the time to solve problems and offer a platform for the growing start-up system, among other things.   

During the session, Martin Jetter, senior vice-president at IBM, got into a conversation with Himanshu Kapania, managing director, Idea Cellular. In the past eight years, said Kapania, theiy had grown at a fast pace and one of the factors was a cognitive system. “Analytics is one of the important parts of the growth,” he said. With its help, Idea went for consumer segmentation, which assisted the company in identifying various factors that drive the traffic.

Adding: “It is time to move from a static form of data to real time usage of data.” Also, he said, 200 million people (in India) were privileged and knowledgeable, aware of the power of data and analytics, but another 900 mn were still grappling for basic amenities. “If digital has to be successful, we need to reach out to that population.”

One of the key challenges to artificial intelligence is addressing the issue of privacy and security. Rometty said they were working with different governments to address this. “The largest issue with security is that it comes from within...it is internal. Hence, it’s important to strike a balance between innovation and security,” she said.

Stressing upon the need to go cognitive, she told business executives, “The world will embrace cognitive. There is no chance to keep up with the enormous information out there without the help of cognitive. Competition gets reset.”

Also: “India is one of the great spots compared to the rest of the world. With entrepreneurship growing, this is a great time to start.”

image
Business Standard
177 22
Business Standard

Cognitive cloud computing can transform companies: Ginni Rometty

President and Chief Executive of IBM says India can grow at 10% for next two years

BS Reporter  |  Mumbai 



Cognitive cloud computing can transform companies: Ginni Rometty

Virginia Rometty, chairman, president and chief executive of US information technology giant IBM, said India had the potential to grow at 10 per cent annually for the next two years.

This century could, she felt, be India's. Speaking at IBM’s flagship customer event, ‘Think Forum’, she spoke at length about IBM’s cognitive cloud computing system, Watson, and how it had the potential to transform companies across the board. Watson is an artificially developed intelligence that works in natural languages. Currently, it is being applied in 36 countries and at a little more than 5,000 companies in the world.



“Watson will not replace us but assist us. This cognitive system is human plus machine,” she said. Asked how the system could benefit India, she said Watson can provide technical support, reduce the time to solve problems and offer a platform for the growing start-up system, among other things.   

During the session, Martin Jetter, senior vice-president at IBM, got into a conversation with Himanshu Kapania, managing director, Idea Cellular. In the past eight years, said Kapania, theiy had grown at a fast pace and one of the factors was a cognitive system. “Analytics is one of the important parts of the growth,” he said. With its help, Idea went for consumer segmentation, which assisted the company in identifying various factors that drive the traffic.

Adding: “It is time to move from a static form of data to real time usage of data.” Also, he said, 200 million people (in India) were privileged and knowledgeable, aware of the power of data and analytics, but another 900 mn were still grappling for basic amenities. “If digital has to be successful, we need to reach out to that population.”

One of the key challenges to artificial intelligence is addressing the issue of privacy and security. Rometty said they were working with different governments to address this. “The largest issue with security is that it comes from within...it is internal. Hence, it’s important to strike a balance between innovation and security,” she said.

Stressing upon the need to go cognitive, she told business executives, “The world will embrace cognitive. There is no chance to keep up with the enormous information out there without the help of cognitive. Competition gets reset.”

Also: “India is one of the great spots compared to the rest of the world. With entrepreneurship growing, this is a great time to start.”

RECOMMENDED FOR YOU

Cognitive cloud computing can transform companies: Ginni Rometty

President and Chief Executive of IBM says India can grow at 10% for next two years

Ginni Rometty of US tech giant IBM has said India can grow at 10% for the next two years Virginia Rometty, chairman, president and chief executive of US information technology giant IBM, said India had the potential to grow at 10 per cent annually for the next two years.

This century could, she felt, be India's. Speaking at IBM’s flagship customer event, ‘Think Forum’, she spoke at length about IBM’s cognitive cloud computing system, Watson, and how it had the potential to transform companies across the board. Watson is an artificially developed intelligence that works in natural languages. Currently, it is being applied in 36 countries and at a little more than 5,000 companies in the world.

“Watson will not replace us but assist us. This cognitive system is human plus machine,” she said. Asked how the system could benefit India, she said Watson can provide technical support, reduce the time to solve problems and offer a platform for the growing start-up system, among other things.   

During the session, Martin Jetter, senior vice-president at IBM, got into a conversation with Himanshu Kapania, managing director, Idea Cellular. In the past eight years, said Kapania, theiy had grown at a fast pace and one of the factors was a cognitive system. “Analytics is one of the important parts of the growth,” he said. With its help, Idea went for consumer segmentation, which assisted the company in identifying various factors that drive the traffic.

Adding: “It is time to move from a static form of data to real time usage of data.” Also, he said, 200 million people (in India) were privileged and knowledgeable, aware of the power of data and analytics, but another 900 mn were still grappling for basic amenities. “If digital has to be successful, we need to reach out to that population.”

One of the key challenges to artificial intelligence is addressing the issue of privacy and security. Rometty said they were working with different governments to address this. “The largest issue with security is that it comes from within...it is internal. Hence, it’s important to strike a balance between innovation and security,” she said.

Stressing upon the need to go cognitive, she told business executives, “The world will embrace cognitive. There is no chance to keep up with the enormous information out there without the help of cognitive. Competition gets reset.”

Also: “India is one of the great spots compared to the rest of the world. With entrepreneurship growing, this is a great time to start.”
image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard