Contracts are often thought of as large files which are created, signed and then filed away until there is cause for renewal, termination, legal action or to justify payment. AI platforms like Watson transform contracts from stand-alone, static forms into integrated, "living" entities that contribute to a knowledge base.
Cybercrime is projected to cause $6 trillion in damages by 2021. There is no way to manually read and analyze the huge volumes of unstructured data that security analysts need to process. Watson's AI allows systems to continuously learn by constantly analyzing billions of data points to detect patterns and even predict attacks before they occur, helping clients analyze threats up to 50% faster.
In the fight against shrinking ad dollars, fake news, ever smaller editorial and news staff and increasingly dominant social media platforms, Oovvuu is using Watson to better connect viewers to the most relevant video and news content, generating valuable new advertising revenues for media and news organizations. Their platform can match up to 1000 videos to relevant news articles in less than a second — a 2400% increase over manual methods.
Contextual search is a powerful way to gather personalized insights from multiple structured and unstructured data sources. Contextual intelligence help assign confidence rankings to search results and streamlines the finding of relevant, current data. With Discovery Service developers can rapidly build a cognitive search engine to surface business-critical insights.
It's critical for many businesses to get a unified "single pane of glass" view of private business data alongside publicly accessible data. Unlocking insights from private data is valuable. Contrasting these with open data is invaluable.