Banking / Finance

DBS to deploy IBM Watson to crunch big data

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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