IBM Spinoff Should Rejuvenate Cloud Effort

Finally. On October 9th, IBM announced that it will split itself up by breaking up the company into two pieces, spinning off its legacy IT services businesses to focus on cloud. IBM shares rose about 6% on the news the first day, thought they have pulled back to be close to where they were when the deal was announced.

The change is sorely needed — IBM CEO Arvind Krishna is wise to pursue the strategy as the company needs some sort of catalyst to drive growth in the era of the cloud explosion. This deal should put IBM in a better position to compete with other cloud titans such as Amazon Web Services (AWS), Google, and Microsoft Azure by putting more focus on its prized Red Hat unit. It should also enable IBM to compete more strongly against other large tech conglomerates pursuing cloud, such as Hewlett Packard Enterprise (HPE)

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IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk | News

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM ) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM Watson Demonstrates New Natural Language Processing Advancement in Premiere of “That’s Debatable”

ARMONK, N.Y., Oct. 12, 2020 /PRNewswire/ — In the debut episode of “That’s Debatable” on Bloomberg Television, IBM Watson used a new advancement in natural language processing (NLP) from IBM Research to provide insight into the global public opinion on the motion: “It’s Time to Redistribute the Wealth.” More than 3,500 submissions were collected online from around the world on the topic, analyzed and distilled into key points that were used in the debate.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8668653-ibm-watson-thats-debatable-premiere/

″ That’s Debatable ” – a new, limited series presented by Bloomberg Media and Intelligence Squared U.S. and sponsored exclusively by IBM (NYSE: IBM ) – features industry leaders, economists, policy makers and public intellectuals debating some of today’s most pressing issues. In its premiere on October 9, moderator and host John Donvan convened a vibrant debate with former U.S. Labor Secretary Robert Reich and former Greece Finance

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How IBM Partners with SimpleCloud for Next-Gen Efficiency

Strategic partner programs have been around the tech industry for decades, and typically involve regional-specific or industry-focused resellers and specialist firms with close ties to their business clients. The results can be good for all involved, providing end customers valuable services and solutions, and building sustainable commercial relationships for both IT vendors and their partners.

The evolution of public cloud computing is delivering new options and opportunities for partner programs, especially among IT vendors that are managing their own cloud platforms and services. IBM Cloud has been especially active in this regard, so it’s worth considering how the company’s service offerings are being leveraged by strategic partners and their customers. Here is how one IBM Cloud partner, SimpleCloud, is making the relationship work.

SimpleCloud and IBM Cloud

SimpleCloud is owned and operated by Summus Render, a Madrid-based company that provides Render-as-a-Service (RaaS) solutions to digital animators and studios, engineering and

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IBM Splits Into Two Companies

IBM announced this week that it is spinning off its legacy Managed Infrastructure business into a new public company, thus creating two independent companies. I highly endorse this move and, in fact, advocated it for years. IBM is a big, successful, proud organization. But it has been apparent for years that it faced significant challenges in trying to manage two very different businesses and operate within two very different operating models.

“NewCo,” the spun-off company from Big Blue’s Global Technology Services business, will focus on modernizing customers’ legacy infrastructure and moving it to the cloud. The remaining company, still named IBM, will accelerate its focus on its open hybrid cloud platform and Artificial Intelligence (AI).  

One might say that the company separation shows that IBM finally found its senses. But I closely watched IBM since 2013 act on its senses and execute on a multi-year strategic plan to

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IBM stock is going through a transformative period: Market analyst

IBM shares soared after the company announced plans to spin off its IT infrastructure unit to focus on its cloud computing business.

But even with Thursday’s surge, the stock still trades at a valuation far below its peers. IBM’s 11 times forward price-to-earnings ratio is cheaper than the XLK tech ETF’s 25 times multiple and the SKYY cloud ETF’s 35 times multiple.

This could be the beginning of a major transformative period for the company, Tocqueville Asset Management portfolio manager John Petrides told CNBC’s “Trading Nation” on Thursday. He compared new IBM CEO Arvind Krishna to Microsoft CEO Satya Nadella’s leadership.

Nadella, Microsoft’s chief executive officer since 2014, has overseen the company’s own shift to cloud services. Revenue in Microsoft’s cloud business increased 17% to $13.4 billion in its fourth quarter ended June, accounting for more than one-third of overall sales. IBM’s cloud business generates 30% of total revenue.

“What

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IBM teams up with Activision Blizzard to manage tech for the Overwatch League

IBM will manage the technology for Activision Blizzard’s Overwatch League, a sign esports is starting to demand the most sophisticated cloud and AI technologies. With esports on the road to becoming a mainstream phenomenon alongside traditional sports, we can expect to see more of this kind of marriage in the future.

In a multi-year deal, IBM is teaming up with Activision Blizzard, one of the biggest players in the game industry. IBM will provide cloud, Watson AI, and machine learning for the Overwatch League and become a presenting partner of the Overwatch League Grand Finals. The technology company will power interactive and analytical content for the league, which is one of the powerhouses of the $950 million esports industry.

The IBM sponsorship component kicks off at this year’s 2020 Overwatch League Grand Finals, which started October 8 and run through October 10. The agreement makes IBM the official AI, cloud,

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IBM Offloads Legacy Business to Focus on $1 Trillion Cloud Industry

Embattled tech relic IBM (NYSE:IBM) has made many attempts to right its flagging business over the years, thus far to no avail. However, in spring 2020, CEO Arvind Krishna — former Senior Vice President of IBM’s cloud and cognitive software segment and a key player in the 2019 acquisition of Red Hat — took the reins of the company. Year-to-date results have again been lackluster, even as cloud computing has become more important than ever before during the pandemic. True to his roots, though, Krishna recently announced IBM will spin off its managed infrastructure services unit into a separate business to focus solely on the cloud.

Someone holding a tablet. Illustrated charts and data are drawn over the screen.

Image source: Getty Images.

Freeing Red Hat from dead weight

During the 2020 second quarter, IBM’s total revenue fell 5.4% year over year to $18.1 billion. Masking cloud computing segment strength — including a 17% increase in Red Hat sales and a total cloud

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IBM Inks Its First-Ever Esports Deal With The Overwatch League

The Overwatch League Grand Finals weekend is underway and although we’re in the middle of the biggest pro Overwatch event of the year, Activision Blizzard is already looking towards the future. It has signed a multi-year deal with IBM. The league will use IBM’s cloud and artificial intelligence tech to “power analytical and interactive content” in its broadcasts.  

MORE FROM FORBESThe Overwatch League Grand Finals Will Take Place In A Cool Virtual Arena

“We’re constantly striving to give fans the ability to more meaningfully engage with the Overwatch League, and teaming up with IBM enables us to do just that,” Brandon Snow, chief revenue officer of Activision Blizzard Esports, said in a statement.

“IBM’s cutting-edge AI and machine learning, underpinned by cloud technologies, will help enable us

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