IBM WATSON WELLPOINT PDF

This site uses cookies to improve your experience and deliver personalised advertising. You can opt out at any time or find out more by reading our cookie policy. Its ability to absorb and analyse vast quantities of data is, IBM claims, better than that of human doctors, and its deployment through the cloud could also reduce healthcare costs. The first stages of a planned wider deployment, IBM's business agreement with the Memorial Sloan-Kettering Cancer Center in New York and American private healthcare company Wellpoint will see Watson available for rent to any hospital or clinic that wants to get its opinion on matters relating to oncology.

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WellPoint plans to use IBM's Watson technology to speed up health care diagnosis, claims processing and ultimately disrupt the market.

Wayne DeVeydt, CFO at WellPoint, told investors at a Morgan Stanley investment conference that the company was expecting consolidation in the health care industry and survivors had to get an edge to thrive. DeVeydt said scale will matter and WellPoint's secret weapon may turn out to be Watson. On Tuesday, DeVeydt provided a grand overview and a lesson about how Watson and physicians can make quite a tag-team.

Here's what DeVeydt had to say:. The thing is that medicine is changing so fast and so quick and so many new things are coming in that it is impossible for any one physician to know everything they need to know about any kind of outcome or any kind of diagnosis that would be out there.

What Watson does is it learns and it moves forward. And what we're looking forward to do is we're going to start piloting this program, is to start to feed it, start to feed it our claims data, start to work with physicians on how we feed their intellectual knowledge, what they're learning, what the outcomes are. And it learns. And what it's going to help we think over time is it's going to really help doctors to diagnose much quicker. If you think about care today, there's a multiple of outcomes.

What Watson can do, though, is actually give you probabilities of outcomes based on the symptoms that you put into it and the data you put into it.

And again, what it will do is it will allow doctors to understand that I didn't think about that, why is that the case. Go into the data more. So we actually view this as probably one of the most unique disruptors coming into our business, we're very excited about our partnership with IBM.

We think this technology is incredibly unique. But the goal is how do we get this technology into the hands of the providers? Because Watson will never be a doctor, but it sure in the heck can help doctors do their job a lot better and more efficiently.

And if we can diagnose things much sooner and treat it in a much quicker fashion with better outcomes based on data and accumulation of years of medicine and the modern medicine that's changing every day, getting that into the system, we think this can be the unique disruptor. Slack, AWS forge multi-year partnership for cloud services, product integration. DocuSign posts strong Q1, enters remote work, digital transformation winner's circle. ERA hatches Meething, an open source browser based video conferencing system.

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The American Civil Liberties Union has accused Clearview AI's biometric platform of creating a nightmare scenario that many have long feared.

Google sued by Arizona AG for alleged deceptive tracking practices. The consumer lawsuit was raised following an investigation into Google's practice that commenced in late Deliveroo faces another legal action over an alleged unfair dismissal of deliver rider. The Australian food delivery rider had worked with Deliveroo for three years before his contract was terminated. The company disagrees.

New Zealand introduces Bill to block violent extremist content. It would make the livestreaming of objectionable content a criminal offence, censorship calls would be made immediately, and take-down notices would be backed by law. Here's what DeVeydt had to say: The thing is that medicine is changing so fast and so quick and so many new things are coming in that it is impossible for any one physician to know everything they need to know about any kind of outcome or any kind of diagnosis that would be out there.

On Smart Planet: It might not know U. My Profile Log Out. Join Discussion. Add Your Comment. Collaboration Slack, AWS forge multi-year partnership for cloud services, product integration. Cloud DocuSign posts strong Q1, enters remote work, digital transformation winner's circle. Collaboration ERA hatches Meething, an open source browser based video conferencing system.

Collaboration Do we need another video conferencing system? Please review our terms of service to complete your newsletter subscription. Samsung boss faces arrest again This time it's for breaking local capital market laws, including accounting fraud and stock manipulation, in the merger of two key company affiliates.

Zoom security: Here's how Germany got its wires crossed over video-chat privacy Germany is notoriously picky about digital privacy, but official warnings over video meetings have just sown confusion.

Commonwealth to move public prosecution evidence management into the cloud The SaaS platform will be used for complex criminal prosecutions.

Google faces class action for allegedly tracking private browsing activity The lawsuit claims that Google still tracks and collects users' personal information even when they are browsing the internet in private browsing mode. Google sued by Arizona AG for alleged deceptive tracking practices The consumer lawsuit was raised following an investigation into Google's practice that commenced in late Deliveroo faces another legal action over an alleged unfair dismissal of deliver rider The Australian food delivery rider had worked with Deliveroo for three years before his contract was terminated.

New Zealand introduces Bill to block violent extremist content It would make the livestreaming of objectionable content a criminal offence, censorship calls would be made immediately, and take-down notices would be backed by law.

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WellPoint and IBM Announce Agreement to Put Watson to Work in Health Care

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IBM's Watson is better at diagnosing cancer than human doctors

If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! The old Watson that beat Ken Jennings. Now it can fit into a desk drawer. Credit: Getty Images via IBM 's Watson, the Jeopardy!

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