International Business Machines Corp. (NYSE:IBM)’s Watson To Help KPMG Improve Operations

International Business Machines Corp. (NYSE:IBM)’s Watson cognitive computing technology continues to appeal to more potential users. In the latest case, auditing and advisory firm KPMG has announced to tap into Watson’s capabilities to take its operations to the next level.

KPMG is seeing an opportunity to positively transform its business through Business Machines Corp. (NYSE:IBM)’s Watson. Because the firm’s operations revolve around handling massive amounts of data to make correct judgments, deploying Watson is expected to make the operations more efficient.

KPMG’s CEO, Lynne Doughtie, recently announced that the cognitive era has come. As such, the company is looking to tap into Watson’s power to support its professional operations such as tax, auditing and advisory. The company will deploy Watson’s artificial intelligence and cognitive computing capabilities to support the functions.

Not only does KPMG expect the use of Watson to make its existing operations more efficient, but it also hopes that the technology will pave the way for it to pursue new business opportunities.

Deployment areas

KPMG has identified various areas of its operation where it intends to deploy Watson. For example, the firm will leverage Watson to help with crunching of large volumes of both structured and unstructured data. With that, the company hopes its auditing team will have a quicker access to more useful data that can allow them to deliver better services to clients.

Because IBM’s Watson gets better with time by learning from past interactions, there are multiple ways KPMG can improve its operations by deploying the technology.

Perhaps through KPMG, International Business Machines Corp. (NYSE:IBM) will get more potential users of Watson interested in the technology, thus expanding its adoption. IBM is diversifying into mobility and data analysis/predictions markets to drive growth as its core businesses age and growth is slowing down.

Watson for every industry

International Business Machines Corp. (NYSE:IBM) is trying to make Watson relevant for every industry. In addition to financial services, there are also divisions of Watson focused primarily on health and the Internet of Things (IoT).

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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