From Nasdaq: 2025-01-18 07:40:00

International Business Machines (IBM) focuses on hybrid cloud computing and artificial intelligence (AI). IBM’s acquisition of Red Hat forms the foundation of its hybrid cloud platform, attracting large companies seeking modernization and cost savings. IBM’s watsonx AI platform has generated $3 billion in business related to AI and adds $1 billion in new business quarterly. IBM’s consulting business, accounting for 80% of AI-related business, is crucial for guiding organizations through modernization efforts.

IBM’s strategy includes partnerships with competitors like Oracle, allowing its consulting arm to build solutions involving different cloud platforms and software. IBM’s recent acquisition of Applications Software Technology, a global Oracle consultancy, strengthens its ability to serve Oracle software clients. This move aligns with IBM’s consulting strategy as it aims to be the partner of choice for enterprises modernizing their systems.



Read more at Nasdaq: IBM Just Bolstered This Critical Business