IBM Focuses on Digitising Its Clients

2 min video on how and why Big Blue- IBM is reinventing itself again

IBM has announced 90,000 of its current 352,000 employees will be moved to a ‘New Co’ — name yet to be announced. It will also be transferring some of its existing customers and will thereby have an initial turnover of $19billion. The New Co will run IBM’s ‘Managed Infrastructure Services’, i.e. its legacy IT infrastructure, leaving IBM to focus on higher margin digital transformation offers such as AI, Blockchain and Cloud services.

IBM and its New Co — different services offered

Source: NewPlatform.com

When announcing the spin out IBM’s CEO, Arvind Krishna, said, “IBM is laser-focused on the $1 trillion hybrid cloud opportunity.” This follows on from IBM having reported only in September 2020 about how Blockchain adds trust to AI and IoT and stating, “Blockchain and AI are on every chief information officers watchlist of game-changing technologies that stand to reshape industries”. IBM has 1,500 staff and over 500 projects dealing with Blockchain work in a wide range of industries, including financial services, shipping and healthcare. IBM extols Blockchain as being able to both help improve supply chain logistics and offer greater transparency as to the provenance of the origin of food. Indeed, IBM has had some great successes…