Watson burst onto the scene in 2011 by winning the game show Jeopardy, demonstrating its ability to read 200 million pages of text or 14 km of paper in 3 seconds and respond to questions. Watson is an AI system that uses cognitive computing to enable 5 patterns of engagement, discovery, decision, policy, and exploration through over 26 cognitive APIs. The document discusses how cognitive computing can be applied in financial services and digital transformation.