IBM confirms Watson Health assets sold for $230 million

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So much for that reported $1b. IBM says Watson Health assets only fetched $230m

"It's a question of verticals versus horizontals. We believe that we are better positioned to take these technologies. We will always have an industry lens but through our consulting team. We want to work on technologies that are horizontal across industries," he told an audience at Bernstein's 38th Annual Strategic Decisions Conference.

"Verticals should belong to people who really have all of the domain expertise, they have credibility in that vertical. And so I think that the healthcare companies, people in medical devices, they have the credibility to carry out how AI is applied to health in depth," Krishna added. He said he was convinced that AI applied to healthcare and other verticals will be a massive market in a decade or two and the winners will be the ones with a deep domain expertise.

Required will be doctors and nurses that talk to the buyers of Watson Health."That's not the IBM go-to-market field force, so there's a misalignment." ®

 

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