IBM and Avamere to Bring Cognitive Eldercare Research to Senior Living and Skilled Nursing Facilities

Cognitive computing and sensors to help monitor daily activities and general health status of residents and patients at select Avamere facilities Armonk, NY and Portland, OR, - 22 Feb 2017: IBM and the Avamere Family of Companies today announced a six-month research study that will apply the power of IBM cognitive computing to help caregivers improve eldercare at senior living and health centers. By analyzing data streaming from sensors in senior living facilities, Avamere hopes to gain insights into physical and environmental conditions, and obtain deeper learnings into the factors that affect 30-day hospital readmission rates in patients.

IBM’s quarterly revenue falls 1.3 percent

International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics. The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thomson Reuters I/B/E/S.