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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IBM Unveils 'Watson' Technology for Enterprise

Stocks in this article: IBM

NEW YORK (TheStreet) -- As part of its efforts to return to revenue growth, IBM (IBM) 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

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!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

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