IBM collaborates with Digital Ventures on fintech

The partnership will serve as a catalyst and incubator for financial-technology (fintech) ideas to be developed on a cognitive technology platform.
Through this partnership, IBM says it is ready to introduce cognitive technology for enhancing Thai businesses, from corporations to start-ups.
IBM experts will also team up to create an ecosystem for the business and education sectors to drive government policy.
“Nowadays 88 per cent of data is unstructured. Images, voice, video and other unstructured content are too massive for computer systems operated by current programming to harness them fully,” said Parnsiree Amatayakul, general manager of IBM Thailand Co.
“Right now, only 15 per cent of organisations benefit from data analytics for their internal use.
“The day when every business is ready and fully digitised, the ability to gain insights and benefit from such big data will be the key to make a difference and enhance business competitiveness.
“Cognitive is the next step of every business. Those who have vision and start first will have an edge,” she said.
Cognitive technology is ready for the Thai market. Businesses are keen, as demands show.
IBM has also set up business units.
IBM Watson IoT aims to drive collaborative innovation with clients, partners and IBM researchers and data scientists to create new opportunities for growth in the Internet of Things.
IBM Watson Health aims to improve the ability of doctors, researchers and insurers to innovate by surfacing new insights from the massive amount of personal health data being created daily.
This year, IBM plans to launch a full-scale innovation centre in Thailand to bring cognitive technology and expertise while leveraging success cases from around the world to enhance the potential of clients and business partners, in line with Thailand’s digital economy policy and research and education.