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Posts Tagged ‘IBM’

IBM’s Ginni Rometty Steps Down as CEO

Posted by hkarner - 1. Februar 2020

Date: 31‑01‑2020

Source: The Wall Street Journal

Arvind Krishna, who heads the company’s cloud and cognitive‑software division, to succeed her

IBM Chief Executive Ginni Rometty

International Business Machines Corp. said Chief Executive Ginni Rometty is stepping down after a challenging eight‑year run at the top of the iconic technology company, as she struggled to deliver growth at a time other tech giants’ fortunes blossomed.

Ms. Rometty, 62 years old, will formally step down on April 6. She will be succeeded by Arvind Krishna, who heads the company’s cloud and cognitive‑software division, the company said on Thursday. Jim Whitehurst—the chief executive of Red Hat, the open‑source software giant that IBM acquired for about $33 billion last year—was appointed the company’s president.

It is the first time IBM will have a leadership structure with a CEO and separate president. They form a dual executive team—one member with deep IBM experience and another new to the company—focused on reviving its fortunes.

Ms. Rometty will continue as the company’s board chairman through the end of the year, when she will retire after almost four decades with Big Blue, the company said. Ms. Rometty has been one of the most high‑profile female CEOs in business, where the top ranks are still dominated by men. Den Rest des Beitrags lesen »

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Data Challenges Are Halting AI Projects, IBM Executive Says

Posted by hkarner - 2. Juni 2019

Date: 01-06-2019
Source: The Wall Street Journal

The cost and hassle of collecting and preparing data comes as a shock for some companies, according to Arvind Krishna

Arvind Krishna, IBM’s senior vice president of cloud and cognitive software, speaking at The Wall Street Journal’s Future of Everything Festival on Wednesday.

International Business Machines Corp. executive Arvind Krishna said data-related challenges are a top reason IBM clients have halted or canceled artificial-intelligence projects.

Mr. Krishna, IBM’s senior vice president of cloud and cognitive software, said about 80% of the work with an AI project is collecting and preparing data. Some companies aren’t prepared for the cost and work associated with that going in, he added.

“And so you run out of patience along the way, because you spend your first year just collecting and cleansing the data,” said Mr. Krishna, who was interviewed at The Wall Street Journal’s Future of Everything Festival last week. “And you say: ‘Hey, wait a moment, where’s the AI? I’m not getting the benefit.’ And you kind of bail on it.” Den Rest des Beitrags lesen »

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IBM Struggles to Jump-Start Its Turnaround

Posted by hkarner - 18. April 2019

Date: 17-04-2019
Source: The Wall Street Journal

Computing giant posts third consecutive quarter of declines, touts growth in cloud-computing business

IBM said its cloud businesses grew by 10% in the past 12 months.

International Business Machines Corp. reported a third consecutive quarter of declining revenue, further clouding Chief Executive Ginni Rometty’s yearslong quest to revitalize the computing giant.

Under Ms. Rometty, who has been at the helm since 2012, IBM has poured resources into its cloud-computing business and new technologies such as artificial intelligence, aiming to reorient Big Blue in a world where traditional growth engines like equipment sales and services haven’t been growing as rapidly. Den Rest des Beitrags lesen »

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IBM to Acquire Red Hat for About $33 Billion

Posted by hkarner - 30. Oktober 2018

Date: 29-10-2018
Source: The Wall Street Journal

Tech giant’s aim is to boost a cloud-computing business central to CEO Rometty’s effort to revive the company

Red Hat has grown into the dominant provider of the Linux operating system to corporations.

International Business Machines Corp. agreed to buy software-and-services company Red Hat Inc. for about $33 billion in its biggest acquisition ever, a deal aimed at helping IBM Chief Executive Ginni Rometty boost a cloud-computing business central to her efforts to revive the tech giant.

IBM rivals Amazon.com Inc. and Microsoft Corp. have jumped ahead of it in recent years in the business of providing computing power and software for rent. But Ms. Rometty said in an interview that the market is moving into a second chapter in which customers will want to work with multiple cloud providers. That should boost interest in so-called hybrid services in which companies run programs that use computing resources from their own servers and web services from IBM and others at the same time, she said.

“This is an inflection point,” Ms. Rometty said.

Red Hat will help IBM with that effort because it is a leading provider of open-source software and services that help companies bridge different platforms, she said. Den Rest des Beitrags lesen »

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IBM, a Pioneer of Remote Work, Calls Workers Back to the Office

Posted by hkarner - 20. Mai 2017

Date: 19-05-2017
Source: The Wall Street Journal

Big Blue says move will improve collaboration and accelerate the pace of work

The shift is particularly surprising since IBM has been among the business world’s staunchest boosters of remote work, both for itself and its customers.

International Business Machines Corp. is giving thousands of its remote workers in the U.S. a choice this week: Abandon your home workspaces and relocate to a regional office—or leave the company.

The 105-year-old technology giant is quietly dismantling its popular decades-old remote work program to bring employees back into offices, a move it says will improve collaboration and accelerate the pace of work.

The changes comes as IBM copes with 20 consecutive quarters of falling revenue and rising shareholder ire over Chief Executive Ginni Rometty’s pay package.

The company won’t say how many of its 380,000 employees are affected by the policy change, which so far has been rolled out to its Watson division, software development, digital marketing, and design—divisions that employ tens of thousands of workers.

The shift is particularly surprising since the Armonk, N.Y., company has been among the business world’s staunchest boosters of remote work, both for itself and its customers. IBM markets software and services for what it calls “the anytime, anywhere workforce,” and its researchers have published numerous studies on the merits of remote work. Den Rest des Beitrags lesen »

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