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IBM Korea celebrates 50th anniversary, vows stronger presence in S. Korea

According to Yonhap News,

(SEOUL=Yonhap News) IBM Korea Inc., a subsidiary of the multinational technology firm IBM Corp., celebrated its 50th anniversary on Monday, pledging to aggressively enlarge its presence in South Korea and eventually lead the global ICT industry.

"IBM will do its part as a global leader in the artificial intelligence (AI) and cloud computing sector so that the Republic of Korea (South Korea) can lead (the sector)," Andrew Chang, CEO of IBM's local office, told reporters in Seoul.

Since being founded in 1967, the company has offered technical, systems integration, IT consulting, financing and outsourcing services. The company's products include servers, storage and computer hardware and software.

"Our achievement over the past was possible since IBM was with clients and partners," said Chang.

Most recently, the tech company added financial tech to its list of services that already includes AI, robotics and cloud computing. Also, it announced a new initiative it called IBM Cognitive Business Solutions, which builds on its success with the Watson platform.

"More than 80 percent of global data does not have pattern and cannot be analyzed by the existing system. Customers can analyze data professionally by using IBM Solutions," Chang claimed.

Also, IBM has spearheaded the global AI market with its AI-based supercomputer called "Watson" that can diagnose and treat cancer, one of the leading causes of death in the world.

Watson has worked in fields like health care, finance and retail to utilize big data and help doctors find treatments for cancer. Noticeably, Watson for Oncology is designed to assist doctors to make more informed treatment decisions by analyzing a patient's medical information against a vast array of data and expertise to provide evidence-based treatment options.

Andrew Chang, CEO of IBM Korea Inc., a subsidiary of the multinational technology firm IBM Corp., talks to reporters in Seoul on April 24, 2017. (Yonhap)

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Source: Yonhap News (Apr. 24, 2017)

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