IBM, IDA Ireland Form new Risk Management Analytics research collaboration
As part of the initiative, IBM is utilizing the vast expertise of its Research labs - harnessing next generation analytics and intelligent software - to develop enhanced methods and tools that will help companies in industries such as manufacturing, pharmaceutical, healthcare, and government to better manage risk.
Through its established collaboratory in Ireland, IBM will join together with the University College Cork, IRCSET, Science Foundation Ireland, and IBM Research scientists in Zurich, Switzerland and Yorktown Heights, NY, USA on the development of these advanced risk analytics technologies.
Brenda Dietrich, vice president of business analytics and math sciences at IBM Research, said: “This collaboration provides IBM the opportunity to explore exciting new areas of risk modeling and management, incorporating new techniques in information extraction, visualization, and optimization that will enable businesses to more effectively manage their operations in the face of uncertainty.”
“Ireland's track record, combined with its ongoing research and development approach to new business creation, makes it an ideal location for the Risk Management Analytics research.”
The primary research will be in the areas of risk information extraction and quantification based on both structured and unstructured data as well as expert opinion, efficient risk-based optimization techniques, and ways to communicate and interact with risk information. Such techniques can be used, for example, to assess and plan for potential supplier or labor disruptions, determine optimal policies for drug administration across patients, or make smarter investments in energy sources.
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.