Banking / Finance

DBS to deploy IBM Watson to crunch big data

10th Jan `14, 01:44 PM in Banking / Finance

Singapore’s DBS Bank is to apply IBM’s Watson cognitive computing platform to its wealth management business in a…

BDMS
Guest Contributor
 

Singapore’s DBS Bank is to apply IBM’s Watson cognitive computing platform to its wealth management business in a bid to improve the advice and experience delivered to affluent customers. IBM’s Watson machine caused a stir two years ago when it beat two human competitors to claim the $1 million prize on the US quiz show Jeopardy. Unusually for a computer programme, Watson excels at analysing the meaning and context of human language, aligned with the ability to quickly process vast amounts of information. DBS’ implementation of IBM’s cloud-based Watson Engagement Advisor solution is targeted for rollout in the second half of the year.

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