The innovative platform will be a one-stop-shop for farmers seeking out more information on what to plant and when.
Agrolly, a platform built to help farmers in emerging markets, was chosen as the winner of IBM’s 2020 Call for Code Global Challenge.
Agrolly provides farmers with a bevy of information about weather patterns and crop characteristics, giving them advice on what would be the best thing to plant during certain times of the year. The platform also has ways for farmers to connect with experts as well as ways for them to share information and tools with each other.
During the virtual “2020 Call for Code Awards: A Global Celebration of Tech for Good” event, Agrolly was announced as the winner of the annual competition, which brings together the world’s brightest
International Business Machines(NYSE:IBM) announced an intriguing spinoff this week to accelerate its cloud and artificial intelligence (AI) growth strategy. Whether the spinoff will generate operational benefits remains to be seen, but Big Blue shareholders should still profit from this decision.
What will IBM spin off and why
Over the last several years, the tech giant has been shifting its business to the cloud to offset the decline of its legacy activities. It accelerated that transformation with the acquisition of cloud specialist Red Hat for $34 billion in 2019. As a result, trailing-12-month (TTM) cloud revenue of $23 billion represented 30% of total revenue at the end of last quarter, up from 2% in 2012.
Yet because of divestitures and struggling legacy businesses, revenue dropped from $105 billion in 2012 to $76 billion over the last 12 months.
So management went a step further with its strategy: It announced last
As a long-time critic of the company, I’ll be the first to say that IBM (IBM) still faces its share of competitive and secular pressures. But the planned spinoff of Big Blue’s managed IT infrastructure services business is encouraging news.
First, the managed infrastructure business — though said by IBM to have a $60 billion-plus backlog and more than twice the scale of its nearest rival — is clearly struggling. IBM’s “infrastructure & cloud services” revenue, which is reported within its Global Technology Services (GTS) segment, was down 7% annually in Q2, 6% in Q1 and 5% in Q4. And this is in spite of the fact that this revenue also covers the IBM Cloud public cloud services unit, which appears to be growing.
Secular headwinds — specifically, the adoption of cloud infrastructure platforms much larger than IBM’s, such as AWS and Microsoft Azure — are clearly a factor here.