IBM Reinforces Its Crucial Commercial Aspects
IBM, represented by its ticker symbol 0.96%, centers its business strategy around hybrid cloud computing and artificial intelligence (AI). In the dynamic cloud computing market, IBM's acquisition of Red Hat serves as the foundation for its hybrid cloud platform. For enterprise organizations looking to modernize their infrastructure or applications, IBM offers an affordable path forward, enabling them to save costs, dispose of legacy tech, and deploy cutting-edge technologies such as AI.
IBM's AI strategy is equally noteworthy. Last year, IBM introduced its watsonx AI platform, offering a platform for developing, training, deploying, and managing AI models and agents. Since its launch, IBM has secured approximately $3 billion in AI-related business, with over $1 billion in new business added quarterly.
While IBM's software platforms are central to its strategy, its consulting business plays a pivotal role in pushing the company forward. Enterprises need more than just software; they require guidance, solutions, implementation, and other services during complex, lengthy modernization efforts. By providing these services, IBM's consulting business differentiates the company in the hybrid cloud computing and enterprise AI markets.
Due to its consulting business' agnosticism, IBM is free to construct solutions involved with non-IBM products and services. By partnering with companies like AWS, Azure, and Oracle, IBM can construct solutions based on what clients genuinely need or want, ultimately driving new business opportunities.
Lastly, IBM's acquisition of Applications Software Technology, an Oracle consultancy, demonstrates its commitment to fueling its consulting strategy's success. IBM recognizes that many potential clients rely on Oracle software and can leverage the acquisition to better serve those clients and potentially expand its product and service offerings.
IBM's strategies and accomplishments in hybrid cloud computing and artificial intelligence are testaments to its commitment to providing flexible, secure, and scalable solutions. With its consulting business' expertise in implementation and governance, clients can effectively navigate the complexities of AI and hybrid cloud environments.
In order to maximize returns, many enterprise organizations consider investing in IBM's hybrid cloud and AI solutions. With IBM's consulting services, these organizations can minimize financial risks associated with complex modernization projects.
Additionally, IBM's strong finance performance in AI-related business has been a significant contributor to its overall financial growth, with billions in investments and continuous quarterly gains.
