Posts Taged watson

Cognitive Gridiron – A New Playing Field for Successful Business Outcomes

It’s been said that it’s better to be lucky than good, but what if you could increase your chances of being lucky? Coach Paul “Bear” Bryant seemed to be on the right track about increasing your luck when he said, “luck is where opportunity meets preparedness.” In football, that means spending a significant amount of time devising a solid game plan. Not only must coaches and players consider a vast array of options between their offense, defense, positioning, and formation tactics, but they also must think about these variables in terms of what they’re up against for each team they play. As such, good teams will watch hours of film a day in order to find out as much as they can about their opponent. What plays did they run? When did they run them? How effective were they? 

However, there is more to the success against, and predictability of, an opponent than what is on film. There are also variables that change every day, and from week to week. For example, what plays are run at home on real grass compared to away games on artificial turf? What about away games on natural grass when it rained earlier in the morning? Then there are the individual participants themselves. How healthy is the other team’s middle linebacker after he tweaked his knee two weeks ago? Has he been off it, or out with his teammates at night? Will he be able to run his usual 4.8-second 40-yard dash, or will he slow down to 5.1 seconds?

All of these are variables that are difficult for a single person to calculate. However, it is becoming easier thanks to the emergence of cognitive computing. This type of technology is most notably showcased with IBM’s Watson, which can do more than just win at Jeopardy; Watson has gone on to be a major player in the healthcare industry, and its talents are now being used to fight cancer. So how does it work? In essence, a cognitive computer like Watson is enabled by data mining, pattern recognition (finding similarities in analyzed data), and natural language processing (converting speech into commands and data). While this sounds straightforward, the complexity of this technology and the enormity of its potential has caused IBM and passionate developers to create an entire conference called World of Watson, dedicated to nothing more than the potential of cognitive computing.

In football terms, Watson would be able to perform data mining by taking into account every game that has ever been played by the opposing quarterback, corner back, left tackle and even the long snapper, and break down their performance in extremely specific conditions such as weather, location, health, time of the game and who else is on the field just to name a few. With this knowledge, Watson would be able to analyze patterns in real time and predict what play the opposing team will run, and how to be successful against it. For example, if your team is up 4, and it’s 3rd and 7 in the third quarter on a breezy, rainy, 50 degree day where the left guard injured his ankle in the first quarter, and the quarterback is 18 for 27 in passing attempts, they’ll likely run a draw to the right hand side between the tackles.

Knowing how to account for these incremental changes in the game could be the difference between stopping that draw or going for a first down. No matter if it is in football or business, the more you know and can be prepared for, the greater competitive advantage you’ll have. So, while it may be better to be lucky than good, the opportunities for preparation that cognitive computing provides to predict outcomes correctly can ensure that you are good at being lucky.

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Cognitive Computing – A Tool for Agility

In a rapidly changing and disruptive marketplace, time is clearly your enemy. IBM Watson and cognitive computing can give you the ability to accelerate your agility and responsiveness to stay ahead of the curve. WHAT and WHY are key to understanding the power behind these solutions.

WHAT? With today’s hectic pace of business coupled with daunting amounts of data (both structured and unstructured), dependence on applied learning is futile. Due to the nature and complexity of change, traditional plan-driven approaches fail to deliver desired objectives because the plan becomes obsolete quickly after it is put in motion. In this environment, agility is an imperative and real-time learning in a collaborative manner is the most effective path to achieving successful outcomes.

WHY? The adage of 5 whys to get to the root cause of a problem can be laborious, frustrating and time-consuming. Cognitive computing like Watson eliminates this through an ongoing collaborative iterative learning process. Watson and the user are learning from one another. This adaptive and agile learning process will provide users the clarity and speed needed to adapt and implement timely solutions to complex problems, providing a new strategy for transformation.

This imperative to be agile becomes even more pronounced in the disciplines of accounting and finance where risk managers and decision makers will need to embrace cognitive technology to improve risk intelligence. Cognitive computing can provide deeper knowledge and new insights to help address risk issues  such as credit, claims, personnel, and security – providing rich data for in-depth analysis and real-time execution. Watson will be an invaluable tool to the Accounting and Finance profession for years to come.

Check out more information on IBM Watson and cognitive computing by following World of Watson http://ibm.co/2dqJg4D #ibmwow #cognitive

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