IBM Expands Its Watson Ecosystem In India - IBM (NYSE:IBM)

International Business Machines Corp.IBMannounced

on Tuesday that two Indian-based firms, InspireOne Technologies and TEXTIENT will join the IBM Watson Ecosystem. The companies will develop cognitive computing solutions in the region. InspireOne Technologies will use Watson's cognitive APIs in its professional development app to empower employees to develop leadership skills. TEXTIENT is a marketing insight platform that will make use of Watson's real-time brand perception reports. "The creativity and passion of Indian businesses to introduce cognitive-infused apps to the market is overwhelming, and the region is poised for incredible growth," said Stephen Gold, vice president for IBM Watson. "As the first Indian partners to join the Watson Ecosystem, InspireOne Technologies and TEXTIENT are excellent examples of how cognitive technology will help transform the region and the world." IBM's Watson is no stranger to the Indian market. The company

announced in late 2015 that it has partnered with 16 Indian health facilities and affiliated academic centers to help diagnose and treat cancer care. In fact, IBM is working with dozens of startups and businesses across India to integrate Watson's technology. Shares of IBM were trading lower by more than 1.6 percent shortly after Tuesday's opening bell.

Market News and Data brought to you by Benzinga APIs