Cloud Stocks: IBM’s Transition To A Hybrid Cloud And AI Company

IBM hopes to leverage the acquisition to give organizations data-driven software that will help in identifying the most impactful business processes that can be automated with AI. It will help advance IBM’s hybrid cloud and AI strategy and provide its customers with a comprehensive suite of AI-powered automation capabilities. The acquisition will allow IBM to help companies accelerate the process of streamlining business processes, thus driving innovation and lowering costs. IBM will integrate myInvenio’s capabilities into its Automation portfolio that already includes IBM Cloud Pak for Business Automation, IBM’s hybrid cloud software that uses AI to transform business processes. Financial details of the acquisition were not disclosed. myInvenio’s pre-acquisition funding details are not disclosed.

For the past few quarters, IBM has been focusing on transforming itself into a hybrid cloud platform and AI company. For its hybrid cloud business, it is positioning Linux, Containers, and Kubernetes as the foundation of the hybrid cloud platform. With an impressive software portfolio, the three platforms are allowing IBM to provide customers with industry-specific public cloud services. IBM realizes the importance of a platform ecosystem. It is seeing how every dollar of platform spend translates into an opportunity where “clients spend $3 to $5 in software, and $6 to $8 in services”. It realizes how platform ecosystem growth is translating to growth for both IBM and its developer partners.

Within AI, IBM is focused on helping companies use its AI capabilities to drive business outcomes. Recently, it entered into a partnership with Palantir to simplify how businesses build and deploy AI applications across public clouds, private clouds, and on-premise. The partnership will allow IBM and Palantir to build a new offering called Palantir for IBM Cloud Pak for Data that will enable clients to scale AI. IBM plans to continue to expand its AI ecosystem by building on partnerships with other companies like Box, Cloudera, and MongoDB.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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