Can IBM's Watson make smartphones even smarter?
Big Blue says it's shrinking the 'Jeopardy'-winning supercomputer. Should Siri be worried?
By Jim Probasco
What if you could speak into your smartphone, describing your symptoms when you felt ill, and receive an accurate medical diagnosis that could help you decide whether what you had was as serious as a heart attack or more likely just heartburn?
What if you could take a picture of a used car you were considering and get a full history on that car along with a suggested price you should pay?
What if you could sit in your home office and ask your computer to suggest the most appropriate stocks to put in your portfolio, given your current age, financial status, and goals – and get an answer in less than a second?
Whether it’s about medical advice, purchases, investments or almost any human endeavor that involves making decisions based on vast amounts of data, IBM (IBM) thinks it has the answer in its Watson supercomputer.
Now the company wants to be able to offer the power of Watson to companies, organizations, and yes, individuals.
More importantly, the revolution has already begun. IBM CEO Ginni Rometty, at Fortune Magazine's Powerful Women conference Oct. 16, discussed medical uses for Watson currently underway.
Rometty said that right now IBM and the University of Texas MD Anderson Cancer Center are in a partnership to find a cure for leukemia using Watson's ability to assimilate vast amounts of data and treat the information in a lightning fast, but human-like way.
According to Rometty, two new versions of Watson are in the pipeline that will further enhance Watson's ability to help humankind. Watson 2.0 will be able to scan pictures, including X-rays and interpret them. Watson 3.0 will have the ability to debate and reason.
While medical research continues and IBM's 3,000 research Ph.D.s work on more advanced versions of Watson, others in the company are (and have been) seeking ways to personalize the capability of cognitive computing to assist with everyday decision making.
In May, BGR reported that IBM was getting close to shrinking Watson down to smartphone size. IBM said it would start the move to smartphones by collaborating with several companies, including ANZ Bank, Nielsen (NLSN), Celcom, IHS (IHS), and Royal Bank of Canada (RY) to provide web-based "Ask Watson" customer service. IBM indicated this would happen in months.
Eventually, according to IBM spokeswoman Katharine Frase, "A guy could say into his phone, 'Here's where I am and here's what I see,' lifting it up to take in images of the environment." Watson would take it from there.
At the time of this writing, Jim Probasco had no position in any mentioned securities.
Read more from Benzinga:
IBM's Watson has a real chance to be a game changer, an not just with smartphones. Did I hear Hal say something. The future might be far closer than we think.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Start investing in technology companies with help from financial writers and experts who know the industry best. Learn what to look for in a technology company to make the right investment decisions.
Hotels and restaurants are increasingly fighting back against negative online reviews -- by suing the writers. So be careful how you phrase your disgust with that disappointing dinner.
VIDEO ON MSN MONEY
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'