IBM's new CEO said he is targeting the $1 trillion hybrid cloud market - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Meet IBM's new ceo, who spearheaded the $34 billion purchase of Red Hat as part of a master plan towards conquering a $1 trillion market

This story requires our BI Prime membership. To read the full article,Arvind Krishna, the new CEO of IBM, joined the tech giant in 1990 when it was an iconic and dominant player in enterprise tech.

Krishna has been spearheading IBM's counteroffensive, which is focused on taking on hybrid cloud computing, which he expects will be a $1.2 trillion market. Today, the nearly 109-year-old tech powerhouse is adapting to big changes, most notably the cloud where it has been outpaced by stronger rivals such as Amazon, Microsoft and Google.

That confidence is anchored on the strategy Krishna has led for reclaiming IBM's enterprise tech leadership in the cloud era.The game plan is focused on shift in the way the cloud has evolved. The cloud disrupted the enterprise market by letting businesses set up their networks on web-based platforms run by the likes of Amazon, Microsoft and Google. IBM has tried, but failed, to be a bigger player in this arena.

"Approximately half is still services, and the other half is what I would call product, software as well as hardware," he told Business Insider in an interview last year shortly after IBM closed its acquisition of Red Hat.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

1. Arvind Krishna elected as IBM CEO 2. Jim Whitehurst elected IBM President 3. Ginni Rometty as Executive Chairman of the Board all things considered, for me, in short, this reads like rock solid success plan for the continued future of IBM, made up of a team of champions

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft CEO Satya Nadella on focusing on single products over others - Business InsiderCEO Satya Nadella says that no single Microsoft product is more important than the company's overall mission: 'There's no such thing as a canonical business'
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Tesla CEO Elon Musk makes and spends his $33.6 billion fortune - Business InsiderElon Musk made $2.3 billion in the hour after Tesla announced better than expected earnings. Here's how the eccentric CEO makes and spends his $33.6 billion fortune. Eat the rich He does whatever he wants Well done! Congratulations
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ginni Rometty is out as the CEO of IBM, and its cloud boss is replacing her - Business InsiderGinni Rometty is out as the CEO of IBM, and its cloud boss is replacing her Anything is possible! Well this is really huge now. Price target is like 500 起个大早,赶个晚集
Source: BusinessInsider - 🏆 729. / 51 Read more »