This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

IBM's Watson To Join Research Team At Rensselaer Polytechnic Institute

Stocks in this article: IBM





TROY, N.Y., Jan. 30, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced it will provide a modified version an IBM Watson system to Rensselaer Polytechnic Institute, making it the first university to receive such a system. The arrival of the Watson system will enable new leading-edge research at Rensselaer, and afford faculty and students an opportunity to find new uses for Watson and deepen the systems' cognitive capabilities.  The firsthand experience of working on the system will also better position Rensselaer students as future leaders in the areas of Big Data, analytics, and cognitive computing.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

Known to many as the IBM innovation that beat Jeopardy!'s all-time champions, Watson has a unique ability to understand the subtle nuances of human language, sift through vast amounts of data, and provide evidence-based answers to its human users' questions.  Currently, Watson's fact-finding prowess is being applied to crucial fields, such as healthcare, where IBM is collaborating with medical providers, hospitals and physicians to help doctors analyze a patient's history, symptoms and the latest news and medical literature to help physicians make faster, more accurate diagnoses . IBM is also working with financial institutions to help improve and simplify the banking experience

The leadership of Rensselaer faculty in Web science, Big Data, artificial intelligence, and other research areas uniquely situates the university to help expand Watson's abilities.  Rensselaer faculty and students will seek to further sharpen Watson's reasoning and cognitive abilities, while broadening the volume, types, and sources of data Watson can draw upon to answer questions. Additionally, Rensselaer researchers will look for ways to harness the power of Watson for driving new innovations in finance, information technology, business analytics, and other areas.

With 15 terabytes of hard disk storage, the Watson system at Rensselaer will store roughly the same amount of information as its Jeopardy! predecessor and will allow 20 users to access the system at once – creating an innovation hub for the institutes' New York campus.  Along with faculty researchers and graduate students, undergraduate students at Rensselaer will have opportunities to work directly with the Watson system. This experience will help prepare Rensselaer students for future high-impact, high-value careers in analytics, cognitive computing, and related fields.

Underscoring the value of the partnership between IBM and Rensselaer, Gartner, Inc. estimates that 1.9 million Big Data jobs will be created in the U.S. by 2015.  This workforce -- which is in high demand today -- will require professionals who understand how to develop and harness data-crunching technologies such as Watson, and put them to use for solving the most pressing of business and societal needs.

"The entire Rensselaer community joins me in thanking IBM for enabling us to receive and welcome Watson technology to Rensselaer. The system will be an unprecedented platform to help students and faculty meet the challenge of our university's motto, 'Why Not Change the World?'" said Rensselaer President Shirley Ann Jackson. "Access to the Watson system will enable new research in cognitive computing as it relates to a diverse range of scientific and engineering fields, and the experience of working on Watson will give our students an advantage as they compete for the best jobs in Big Data, analytics, and cognitive computing."

"The award signifies our strong partnership with Rensselaer and our commitment to ensure New York State has the skills and capabilities to lead in Big Data applications and the next era of computing," said Dr. John E. Kelly, Senior Vice President and Director of IBM Research.

As part of a Shared University Research (SUR) Award granted by IBM Research, IBM will provide Rensselaer with Watson hardware, software and training.The ability to use Watson to answer complex questions posed in natural language with speed, accuracy and confidence has enormous potential to help improve decision making across a variety of industries from health care, to retail, telecommunications and financial services.

IBM and Rensselaer: A History of Collaboration Originally developed at the company's Yorktown Heights, N.Y. research facility, IBM's Watson has deep connections to the Rensselaer community.  Several key members of IBM's Watson project team are graduates of Rensselaer, the oldest technological university in the United States. Leading up to Watson's victory on Jeopardy!, Rensselaer was one of eight universities that worked with IBM in 2011 on the development of open architecture that enabled researchers to collaborate on the underlying QA capabilities that help to power Watson.

Watson is the latest collaboration between IBM and Rensselaer, which have worked together for decades to advance the frontiers of high-performance computing, nanoelectronics, advanced materials, artificial intelligence, and other areas. IBM is a key partner of the Rensselaer supercomputing center, the Computational Center for Nanotechnology Innovations, where the Watson hardware will be located.

IBM Shared University Research Awards Program IBM's Shared University Research awards program strives to connect the research and researchers at universities with IBM Research, IBM Global Services and IBM's development and industries labs. The SUR Awards program is designed to, among other things, build partnerships and increase access and successful use of IBM technologies for research and in curriculum.

About Rensselaer

Rensselaer Polytechnic Institute, founded in 1824, is the nation's oldest technological research university. The university offers bachelor's, master's, and doctoral degrees in engineering, the sciences, information technology, architecture, management, and the humanities and social sciences. Institute programs serve undergraduates, graduate students, and working professionals around the world. Rensselaer faculty are known for pre-eminence in research conducted in a wide range of fields, with particular emphasis in biotechnology, nanotechnology, computation and information technology, the media arts and technology, and energy and the environment. The Institute is well known for its success in the transfer of technology from the laboratory to the marketplace so that new discoveries and inventions benefit human life, protect the environment, and strengthen economic development.

For more information about Rensselaer Polytechnic Institute go to: http://www.rpi.edu/

About IBM



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs