IBM and Mubadala bring Wat­son to the Mid­dle East & North Africa

Middle East Business (English) - - FRONT PAGE -

Mubadala De­vel­op­ment Com­pany, the Abu Dhabi- based in­vest­ment and de­vel­op­ment com­pany, and In­ter­na­tional Busi­ness Ma­chines Corp (IBM), an Amer­i­can multi­na­tional tech­nol­ogy and con­sult­ing cor­po­ra­tion, will de­liver Wat­son to clients re­gion­ally and es­tab­lish an ecosys­tem of part­ners and de­vel­op­ers across in­dus­tries and pro­fes­sions in the MENA re­gion. It was an­nounced in July 2015 that Mubadala and IBM will col­lab­o­rate to de­liver pow­er­ful Wat­son -its cloud­based cog­ni­tive com­put­ing - to health­care, retail, ed­u­ca­tion, bank­ing and fi­nance or­gan­i­sa­tions. The new joint ven­ture will also cre­ate a broad re­gional ecosys­tem of part­ners, en­trepreneurs, start-ups and app de­vel­op­ers who will ap­ply Wat­son in in­no­va­tive ways through­out MENA. Wat­son rep­re­sents a new era in com­put­ing in which sys­tems are able to in­ter­act in nat­u­ral lan­guage, an­a­lyse large vol­umes of un­struc­tured data, re­spond to com­plex ques­tions with ev­i­dence-based an­swers, and dis­cover new ac­tion­able pat­terns and in­sights. The avail­abil­ity of Wat­son in MENA demon­strates Mubadala’s strong com­mit­ment to spurring in­no­va­tion and grow­ing the tech­nol­ogy ecosys­tem through­out the re­gion. The col­lab­o­ra­tion with IBM ex­em­pli­fies Mubadala’s phi­los­o­phy to cap­i­talise on in­vest­ment op­por­tu­ni­ties in var­i­ous in­dus­tries such as In­for­ma­tion and Com­mu­ni­ca­tions Tech­nol­ogy (ICT) to sup­port the di­ver­si­fi­ca­tion of Abu Dhabi’s econ­omy and strengthen its com­pet­i­tive po­si­tion in high-growth sec­tors both lo­cally and in­ter­na­tion­ally. IBM, in turn, will draw on Mubadala’s deep re­gional mar­ket knowl­edge to drive the adop­tion of cog­ni­tive com­put­ing tech­nol­ogy across MENA. In­ter­na­tional Data Cor­po­ra­tion (IDC) projects that spending on ICT prod­ucts and ser­vices in the re­gion will cross the $270 bil­lion mark in 2015, mak­ing this area of the world the sec­ond-fastest grow­ing IT mar­ket. “This new joint ven­ture with IBM will put both the UAE and broader MENA re­gion on the lead­ing edge for adop­tion of this break­through tech­nol­ogy”, said Ho­maid Al Shem­mari, CEO of Aero­space & Engi­neer­ing Ser­vices at Mubadala. “We are con­fi­dent that to­gether we can con­tinue to ac­cel­er­ate the re­gion’s knowl­edge-based econ­omy by em­pow­er­ing busi­nesses to cap­i­talise on new op­por­tu­ni­ties with this world-class tech­nol­ogy.” "This col­lab­o­ra­tion is an­other im­por­tant demon­stra­tion of IBM's com­mit­ment to bring­ing Wat­son to all cor­ners of the world and ac­cel­er­at­ing adop­tion of cog­ni­tive com­put­ing as the new tech­nol­ogy stan­dard for in­no­va­tion", said Mike Rhodin, se­nior vice pres­i­dent, IBM Wat­son. "Mubadala's strong re­la­tion­ships through­out the MENA re­gion will en­able lo­cal or­gan­i­sa­tions and en­trepreneurs ac­cess to Wat­son to trans­form their work". One of the most promis­ing ar­eas of im­pact could be in the health­care field where Mubadala and IBM plan to lever­age the tech­nol­ogy to help en­able in­di­vid­u­als and health pro­fes­sion­als to make per­son­alised, data-driven health de­ci­sions.

“Bring­ing IBM Wat­son to the re­gion

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