This Day On The Street
Continue to site right-arrow
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 Touts Watson Supercomputer for Investors

Stocks in this article: IBM

NEW YORK (TheStreet) -- Investors, dermatologists and retailers could soon find their jobs becoming much easier thanks to IBM's (IBM) Watson, as new developer partners make apps that could let them tap into Watson's super brain at any time, from any place right at their fingertips.

IBM Watson Group revealed on Friday three new developer partners who are building specialized "cognitive" apps in the cloud on the Watson developer platform for investors, retailers, dermatologists, and their customers.

The partners are Modulus, Reflexis Systems and Modernizing Medicine.

Modulus' SharpeMind is expected to leverage Watson technology to deliver real-time, on-demand analysis of massive quantities of unstructured data right to the mobile devices and desktop of investors. The data will be sourced from news feeds, governmental reports, and social media. Retail traders and fund managers will also be able to instantly access trading signals and consensus buy and sell recommendations via the app.

Modernizing Medicine is developing a Watson-powered app that's expected to help dermatologists offer optimal treatment options to patients with fast and accurate diagnosis. The schEMA app will contain a built-in database of medical content, utilizing Watson's natural language processing and hypothesis generation capabilities to simplify medical coding and speed-note taking. It'll be accessible through the cloud on the iPad and PC.

Reflexis Systems's Reflexis StorePulse is being developed with the goal of allowing regional and local-store managers keep their finger on the pulse of consumer behavior and trends. The app will issue alerts to the store managers based on local event and weather information among other datapoints to help them plan for their specific locations, and increase their chances of maximizing sales and profits.

IBM says these new partnerships underscore the company's efforts to keep bolstering its developer ecosystem as part of a broader plan to make the cognitive computing power Watson's known for the new standard of computing. IBM announced Watson as an app-development platform in the cloud last November.

Ginni Rometty, IBM's CEO, said at the company's annual analyst day meeting on Wednesday that IBM is anticipating a "very different" industry where "cognitive will be the foundation." She said that IBM will be the leader in this new computing world and "Watson is emblematic ... of that."

-- Written by Andrea Tse in New York

Follow @AndreaTTse

>Contact by Email

>>Read More:

IBM Unveils 'Watson' Technology for Enterprise

IBM: Why We're Spending $1B on Watson Supercomputing

Why 2014 Will Be a Crucial Year in IBM's History

IBM Is Unveiling Watson As a Personal Shopper

Select the service that is right for you!

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 18,098.15 +67.94 0.38%
S&P 500 2,089.11 +7.23 0.35%
NASDAQ 4,793.2090 +19.7370 0.41%

Brokerage Partners

Rates from

  • 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