Seeing tech giants like Cisco Systems, Inc. (NASDAQ:CSCO) and International Business Machines Corporation (NYSE:IBM) collaborate, one can presume that something big is in the works.
Their recently announced partnership aims at integrating Cisco Spark and WebEx platforms with IBM's cloud collaboration solutions that include Verse and Connections.
This means that Cisco’s collaboration solutions - business messaging, meeting and calling offerings - will merge with IBM's advanced analytics, Watson, and email and social offerings, leading to the emergence of a new class of cloud-based workplace solutions.
These new solutions will streamline workplace data collection and analysis and make it happen on offline systems as well.
Businesses placed in remote locations like mines and oil rigs where there is no cloud connectivity can now make use of Watson running on Cisco’s gateway gear to gather, monitor and analyze data without Internet connection.
This collaboration of analytics and cognitive technology is expected to make business communication more productive and data-driven, thereby saving communication time and effort.
According to Senior Vice President and General Manager, Cisco Cloud Collaboration Technology Jens Meggers, “Now we can deliver amazing, next-generation "Intelligent Collaboration" that allows enterprises to compete in this fast moving digital world."
According to General Manager of IBM’s Internet of Things division Harriet Green, “We’re extending Watson to the network’s edge for organizations that can’t rely on the cloud or need to process data locally.”
Some other stocks worth considering in the wider technology sector include PetMed Express, Inc. (NASDAQ:PETS) , Exa Corporation (NASDAQ:EXA) and Box, Inc. (NYSE:BOX) .
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
PETMED EXPRESS (PETS): Free Stock Analysis Report
BOX INC-A (BOX): Free Stock Analysis Report
EXA CORP (EXA): Free Stock Analysis Report
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