IBM CEO Defends Watson Against Critics

IBM CEO Defends Watson Against Critics

International Business Machines (NYSE: IBM) has invested billions of dollars in Watson, its cognitive computing system that made a name for itself by winning Jeopardy! back in 2011. Watson is being used in a wide variety of industries, from healthcare to tax prep, and the system has become the face of IBM's transformation.

IBM doesn't disclose any financial information about Watson, so we don't really know how successful the initiative has been. There's been plenty of criticism, though. Social Capital CEO Chamath Palihapitiya called Watson "a joke, just to be completely honest." An investigative report from STAT concluded that Watson has fallen far short of its promise in healthcare, particularly when it comes to cancer treatment.

IBM CEO Ginni Rometty defended the company's cognitive computing efforts in a recent interview with Bloomberg. Here's what's important for investors.

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Source: Fool.com