Watson is learning to explore, visual exploration technology, to help you wander through massive amounts of big data to find that relevance, find that hidden jewel in a haystack. It’s learning how to visualize answers, not just speak back to you. Draw pictures for you. The art of human communication is not just text. Right? It’s pictures, it’s text, it’s images. All of those things have to join in to the system we call Watson.
So, today we’re going to talk about this next wave of technologies that are adding to the cognitive system family. We’re going to go through some examples with some world-leading experts. We’re going to talk about some of the new products that we’re going to announce today.
And then, we’re going to peek off into the future as to where this may go next, because I think there needs to be more circles on that chart, and Guru is going to talk about those a little bit later. So, Ginni mentioned the new headquarters. Whenever you have a growing family, sometimes you have to get a bigger house. Right? And when you’re getting a bigger house sometimes you want to focus on location, because location matters. Right? When you walk through the areas of Silicon Valley, or Silicon Alley and you look at the real estate, you look at the buildings, the history of that area, the edge of the East Village, historic Manhattan property.
In the center of it, there’s this brand-new iconic beautiful building. On a block all its own, standing out from everything else in the area. This is our new home. This will be the headquarters for IBM Watson. It will be a place where our people, our best and brightest, work with our partners, with our clients to imagine the future, to help create the future. It’s going to have an incubator that helps businesses get started with Watson. We’re going to have some of our best and brightest designers, graphical experts, help those products become really what they should be. And it’s right in the middle of the trendiest, hippest area of town. Not exactly where you would have thought IBM would open a new headquarters. So, we’re pretty excited.
We’ll be in our environment a little bit later this year. The building is done, as you can see. That’s the live picture of it. But the inside of the building looks pretty much like this. So we have a little bit of work to do. Even though, I think this is pretty cool, right? So I don’t think we’re going to do too much work as we go forward. So, we’re putting the right people, as Ginni said, we’re investing a billion dollars in this over the next few years. We’re creating a incredible environment to put this together. And we’re going to share Watson with the world. Right? Eras are not ours alone; we just happen to have a history of shepherding them and bringing them to life for the rest of the world.
We make markets, we create entire industries, and that’s what we’re going to do with this. So, what we’ve learned as we’ve worked with Watson, as we’ve worked with many of you. As Ginni said, there’s three kind of classes of things that we see happening, and there’s some homework that you have to do to get ready. And that’s what we’re going to talk about now.
First, we truly believe based on the work we’re doing, that this is going to transform entire industries. It’s going to make people rethink how business gets done, how their organization works, how we treat patients, how we sell things to clients. It may in fact start to rehumanize the Internet. As we’ve worked on those kinds of solutions, we’ve recognized that there’s a set of repeating patterns that we’re seeing over and over again. And in our industry, when we see repeating patterns, it’s a clear indicator that you can productize something, so we’ve started to do that.
We’ve launched products for the enterprise that can deliver value faster, repeatability is important. And normally you would view transformational solutions and enterprise solutions as right in IBM’s alley. We recognize that the power of this technology is really about what it can do for everyone. And to get to everyone, we need help. We need an ecosystem, we need partners. Right? And we’re opening Watson up to the world and we’re asking for that help, because we think everybody that decides to help, that decides to join us, is going to change the world and we’re going to make it better. That’s what the ecosystem is all about.
So let’s start talking about transformation. Now, when the Jeopardy match occurred and we were all holding our breath as it came down to Final Jeopardy, we weren’t the only ones watching. It turned out that many of our clients were watching. And when the match was over and finally aired on TV, our phones started ringing. And it wasn’t who we would have normally expected: doctors, health care was the first to call. They saw something that could be the light at the end of the tunnel. They’re faced with an enormous sea of information. Not just the medical reference material you have to learn in order to become a doctor; it’s the enormous amounts of information that are published every single day, from the researchers around the world.
And then you intersect that with everything that’s being published, by the pharmaceutical companies on new drugs and drug trials, and you start to see the magnitude of the information they’re having to keep up with. And at the same time, these doctors are having to see X number of patients per hour, eight to 10 hours a day. And they don’t have all day to read all that information and learn. They need help.