In a blog post, IBM’s Watson chief executive David Levy wrote that the company plans to expand its AI suite to “hundreds of billions of dollars in 2020.”
He did not give a timeline for the roll out of the software, but said the company is “delivering on our promise to the market.”
Watson is already being used in the financial industry, including in the creation of automated systems to help brokers and other financial firms manage their portfolios.
Watson will be used to help banks and other big companies in a variety of industries, including medical, insurance, and healthcare, Levy said.
It’s also a tool for the military, which has historically struggled to manage large data sets, Levy noted.
“Watson will help us create a unified digital experience for billions of consumers,” Levy wrote.
“As we’ve demonstrated, Watson’s predictive abilities enable our customers to make better decisions, more efficiently, and more efficiently.
We’re excited to see how this technology will transform the way businesses manage data across their businesses, enabling them to drive long-term success and scale.”
In 2020, IBM expects to make $100bn in revenue from Watson.
The company plans a $1.5 billion bet on the software by 2020, and a $2.4 billion buy of IBM Vision in 2020.