This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

IBM Unveils 'Watson' Technology for Enterprise

NEW YORK (TheStreet) -- As part of its efforts to return to revenue growth, IBM (IBM - Get Report) Monday unveiled the "Elastic Storage" technology that the company says will allow enterprises to exploit and manage the exploding growth of data generated by devices, sensors, business processes and social networks in a variety of forms.

The foundations of Elastic Storage were used for the Jeopardy! TV match featuring IBM's supercomputer "Watson." By using Elastic Storage capabilities during the match, around five terabytes of Watson's knowledge or 200 million pages of data were loaded in only minutes into the computer's memory. A key reason these capabilities were chosen for the Watson system that competed on Jeopardy! was their scalability, with architectural limits that in theory could stretch into access of yottabytes worth of data.

IBM says it's demonstrated that Elastic Storage can successfully scan huge numbers of files on a single cluster in relatively short amount of time, an ability that will be indispensable to clients analyzing massive data repositories to extract business insights. The Elastic Storage can reduce storage costs by up to 90% by automatically moving data to the most strategic and economic system available. Elastic Storage virtualizes the process, allowing multiple systems and applications to share common pools of memory.

At its core, Elastic Storage builds on global file systems software the company already has in place. In addition, the software features native encryption and secure erase, which ensures that data is protected, to comply with regulations such as HIPAA and Sarbanes-Oxley.

Furthermore, through its support of OpenStack cloud management software, Elastic Storage also enables customers to store, manage and access data across private, public and hybrid clouds for global data sharing and collaboration. While traditional storage systems must move data to separately designated systems for transaction processing on the one hand and analytics on the other, Elastic Storage can automatically balance resources to support both, including Hadoop open source-based analytics, says IBM.

This new technology is part of an entire portfolio of software-defined storage products that IBM launched on Monday. The set of capabilities is ideally suited for the most data-intensive applications, which require high-speed access to massive volumes of information from seismic data processing, risk management and financial analysis, weather modeling and scientific research, to determining the next best action in real-time retail situations, according to IBM.

>>Read More: IBM CEO Rometty Reaches for the Cloud

Elastic Storage software will also be available as an IBM SoftLayer cloud service later this year.

In an interview with The New York Times, IBM CEO Virginia Rometty says IBM is "transforming this company for the next decade."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
IBM $161.94 0.00%
AAPL $128.46 0.00%
FB $78.97 0.00%
GOOG $558.40 0.00%
TSLA $203.34 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

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