The IBM Watson Data Platform already provides data scientists with the ability to crunch numbers and share large data sets across different public and private clouds. Now the company has its sights set on artificial intelligence (AI), reports Enterprise Cloud News (Banking Technology's sister publication).
Big Blue has announcing expanded capabilities and tools for the Watson Data Platform that include data visibility and security for data scientists and developers who are creating AI-based applications.
These new tools and services will be integrated within the Watson Data Platform and made available through the IBM Cloud. The company plans to make sure those building private clouds, or using its public Bluemix cloud, can have access.
Watson, cognitive computing, cloud computing, as well as AI and machine learning are all part of IBM's plan for the company to grow and move away from selling legacy hardware and software packages. During its recent financial report, the company reported that its strategic initiatives, which includes these and other technologies, had total revenues of $34.9 billion over the last 12 months - a 10% increase.
As part of this, IBM has been emphasis on its Data Science Experience, an integrated developers platform that already works with a number of the company's hardware systems, including Power, and offers tools for data scientists to get more out of AI and machine learning.
The Watson Data Platform can be viewed as part and parcel of this trend within IBM.
"The key to AI starts with a strong data foundation, which turns the volume and velocity of incoming data from a challenge into an asset," Derek Schoettle, general manager of IBM's Watson Data Platform, says. "For companies to innovate and compete with AI, they need a way to grasp and organise data coming in from every source, and to use this complete index of data as the backbone of every decision and initiative."
As part of this announcement, IBM is adding three new tools and services to the Watson platform.
The first is what the company calls Data Catalog and Data Refinery, which help bring together different data sets that are stored on different formats and that live in the cloud. By using machine learning, these tools can help cleanse data and get it ready for use in applications;
The second service gives researchers the ability to use metadata to enforce governance policies, which can make applications more secure as they are being development;
The third release is the general availability of IBM's Analytics Engine, based on Apache Spark and Apache Hadoop services, which allows users to share and build applications that use large data sets.
In addition to the updates, IBM is also adding features to its Unified Governance Platform to help better keep track of data as it moves around the world, and as businesses prepare for the European Union's General Data Protection Regulation (GDPR) rules, which go into effect next year.
In a blog post, Seth Dobrin, VP and chief data officer for IBM Analytics, wrote that governance and data science are closely linked and that together, the two can help enterprises understand what data they have and what that data means for the business.
"Our belief is that when done properly, data governance can be an enabler of rapid data science," Dobrin wrote. "In other words, if the data is 'pre-governed,' it is much easier to access and understand what can and can't be done with it. When that occurs, the data is primed for analysis, correlations, and patterns, all of which create a new environment of data-driven decision making."
Source: Banking Tech