The IBM Opportunity
IBM Chairman and CEO Arvind Krishna says that the company’s latest investments have IBM poised to continue with capturing cloud share. In a new letter to investors, Krishna outlined areas where IBM has invested in hybrid cloud and artificial intelligence and discussed how the company is driving growth going forward. Ultimately, IBM “is positioned to lead as we enter the era of hybrid cloud and AI,” Krishna said.
“Every company in every industry wants to build a much stronger digital foundation to fundamentally change the way its business works,” Krishna said in the letter. “There is no going back. In the next two to three years, we expect to see digital transformation at a rate that, before 2020, we thought would take 5 to 10 years.”
IBM’s cloud-related revenue grew 20 percent to $25.1 billion, excluding the impact of currency and divestitures, and now represents more than a third of the company’s total revenue, Krishna said. “The urgency for digital transformation continues to fuel momentum for our business.”
“Hybrid cloud and AI are the two next great shifts in the technology landscape, and IBM is positioning itself to play a key role in this swift and massive transformation,” he said. “We see the hybrid cloud opportunity at $1 trillion.”
What follows are IBM CEO Arvind Krishna’s six reasons for how IBM is positioned to lead the industry in hybrid cloud and AI.