The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

The “killer app” for the early internet was email; it’s what drove adoption and strengthened the network. Bitcoin is the killer app for the blockchain. Bitcoin drives adoption of its underlying blockchain, and its strong technical community and robust code review process make it the most secure and reliable of the various blockchains. Like email, it’s likely that some form of Bitcoin will persist. But the blockchain will also support a variety of other applications, including smart contracts, asset registri

Source: The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

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IBM Watson to offer artificial-intelligence software to Mass. physician group – Boston Business Journal

IBM Watson Health will develop software using Watson’s cognitive computing capabilities that can provide a more holistic view of a patient’s health, including summarizing key aspects of a patient’s medical history in an easier-to-use format, incorporating social aspects of a person’s health into the electronic medical record and coalescing de-identified information on similar patients and their outcomes to draw broader insights on a certain treatment strategy.

Source: IBM Watson to offer artificial-intelligence software to Mass. physician group – Boston Business Journal

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IBM Watson Health: Cognitive healthcare outthinks data overload

A single patient’s electronic medical record (EMR) may contain over 100MB of complex and disparate data, and much of it is unstructured, such as text notes. That’s a lot to go through in one doctor’s visit. As part of IBM’s research with Cleveland Clinic, clinicians are working with Watson to explore how to navigate and process EMRs to unlock hidden insights within the data, with the goal of helping clinicians make more informed and accurate decisions about patient care. By comparing EMRs, recent diagnostic findings and medical history, and cross-referencing them with thousands of medical journals, Watson can begin to offer clinicians the benefit of more data, more time to plan the best treatments and more time to spend on patient care.

Source: IBM Watson Health: Welcome to the New Era of Cognitive Healthcare

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Cognitive law outthinks data overload | IBM

It used to take up to 23 days to conduct routine legal research. Now, working with Watson, ROSS Intelligence is using cognitive technology to read legislation, court decisions and secondary sources to find answers in seconds, that help lawyers move quickly from the routine to the essential.

Few law firms of any size can survive in their present form unless they make affordable, quality representation a top priority. Now that ROSS Intelligence has tapped into Watson’s cognitive abilities, firms have the ability to do just that. Along the way, they just might just transform the entire industry.

Source: ROSS and Watson tackle the law – IBM Watson

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How Natural Language Processing is transforming the financial industry – IBM Watson

The exponential growth in data from the Internet, social media and personal devices is providing enterprises with unprecedented opportunities to use digital information to improve their businesses. To an extent, sophisticated analytics programs can help businesses utilize their data by searching for and revealing patterns hidden in structured data, such as spreadsheets and relational databases.

Source: How Natural Language Processing is transforming the financial industry – IBM Watson

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