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Peter Murchison, vice-president of IBM, delivered a speech on the Internet of Things (IoT) at the 4th International Academic Forum on IT-based Innovation in Karamay, Sept 21, presenting the firm’s cognitive IoT technologies.

Murchison introduced the new technology to the audience, with all the amazing functions of cognitive IoT and its important role in building Karamay into a smart city.

“It can work well in improving operations and lowering costs, and it also provides people with a means to create new products and business models,” Murchison noted in his speech.

“Predefined programs aren’t up to the task of analyzing the complex and variable IoT data, and traditional systems can’t take advantage of unstructured IoT data, like weather and social,” he added.

The cognitive IoT operated by IBM, an American multinational technology giant, can make sense of all types of data and can choose its own data sources, plus decide which patterns and relationships to pay attention to. It uses machine learning and advanced processing to organize the data and generate insights, according to Murchison.

Nicknamed “Big Blue”, IBM is one of 30 companies listed as being among the world’s largest employers, with nearly 380,000 employees. It manufactures and markets computer hardware, middleware and software, and also offers hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Since its launch in 2010, the International Academic Forum on IT-based Innovation has developed into one of the most important platforms for exchanging ideas on the development of information-based industries in China. This year, the forum highlighted frontier technology in the oil industry and skills shortages, with discussions centered on a theme of “Smart City and Digital Oilfield”.

Peter Murchison, vice-president of IBM, delivered a speech on the Internet of Things (IoT) at the 4th International Academic Forum on IT-based Innovation in Karamay, Sept 21. [Photo/kelamayi.com.cn]

Edited by James Skinner