A global provider of market research and consulting services
IBM will sell off 25% of its company to create a more straightforward and efficient structure.
concentrated on growing its lucrative cloud revenue division, which, according to the most recent Q3 2020 data, grew 19% YoY; the growth of IBM’s ecosystem for hybrid cloud services in order to supply more data for its AI Watson solution; By 2023, the CEO of IBM hopes to treble sales of the company’s Red Hat open source software division with an aggressive expansion plan.
Another area of focus for IBM is quantum; It seeks to lower power usage for its enterprise users in order to increase processing power.
IBM had a growth slump of nearly seven years, marked by declining top-line revenues and declining operating income. After just seven months in the position of CEO, Arvind Krishna made the audacious decision of