IBM Watson Analytics comes with new features

IBM Watson Analytics
Enterprise IT vendor IBM said its Watson Analytics solutions will come with new data discovery and question-and-answer capabilities.

The new enhancements to Watson Analytics will enable users to extract insights from their data.

IBM said half a million professionals have registered for Watson Analytics, the data exploration and visualization service, since its launch less than a year ago.

IBM Watson Analytics clients

MinterEllison, a law firm in Asia Pacific, is using Watson Analytics to identify business opportunities. The company is integrating and analyzing financial data from the Australian Stock Exchange on top of client performance data. Watson Analytics helps in identifying industries that would be more profitable for the firm to enter.

Mears Group, a social-housing repair and healthcare provider in the UK, is using Watson Analytics to analyze injury reports to improve safety for its workers. The company maintains a database of more than 600 million records. It recently moved accident reports on injuries into Watson Analytics to identify correlations that would lead to safer working conditions.

Caliber Patient Care, a provider of patient transport services for clients with 30 franchisees across the U.S., moved data into Watson Analytics to help identify new routes and processes that could be implemented to save costs and optimize travel time.

Watson Analytics helped Caliber Patient Care identify the cause of the missed revenue faster –and enabled them to make data- driven decisions about company policies that will help them charge for the missed miles. As a result, they expect to earn an additional $750,000 in revenue by the end of the year.

Paschall Truck Lines, a trucking company based in Murray, Kentucky, is looking to Watson Analytics to build predictive models that will help them identify reasons that lead to employee churn and geo-spatial turnover before it happens.

Kristalytics, a marketing analytics company in Texas, is identifying trends in consumer behavior and building customized reports for its clients using Watson Analytics prediction and data visualization capabilities.

Mueller, a manufacturer of metal roofing across the central and southwest U.S., is using Watson Analytics to improve and streamline its revenue forecasting. Before using Watson Analytics, the company used a manual review process to develop revenue projections.

Benco Dental, the largest privately-owned dental supply distributor in the U.S. is using the natural language querying power of Watson Analytics to determine the effectiveness of specific promotional programs and to disprove its long held belief in traditional marketing tactics.

Legends, a hospitality and planning services firm for professional and college sporting events, uses Watson Analytics to gain fast insights on the performance of its concession stands and make real-time adjustments to sales strategies.

Baburajan K
[email protected]