IBM has announced it is to invest $1 billion over the next five years on a new research arm focused on consulting and computer services.
The new division, called On Demand Innovation Services will employ 200 research scientists who will apply their scientific knowledge of mathematics, artificial intelligence and other fields to help solve problems for consulting clients.
Ginni Rometty, head of IBM's new Business Consulting Services operation, said IBM's completion of the $3.5 billion acquisition of PricewaterhouseCoopers' consulting business spurred the move to add research-division capabilities to the services offerings, the Wall Street Journalreported.
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