Cybersecurity: The Biggest Issue Of The Next Two Decades
[Cybersecurity is] a massive investment, by the way. If I took away that investment I would probably add multiple points to IBM‘s bottom line. But I would be then afraid that if something happens maybe he whole business goes away. So, it’s a huge cost of doing business. I think cybersecurity is going to be the biggest issue of the next two decades.
The world goes through these phases around what is valuable. So, why did people fight physical wars? You fought physical wars because you wanted land and the factories, the land to grow crops and maybe by the World War II you wanted the economic benefit of the factories and the people. Today, that‘s irrelevant. What you want is that IP and the data.
So you don‘t fight physical wars anymore. You fight cybersecurity wars. So if that’s the case, we all have to step up. We all spend money on policing. We all spend money on locks and gates and doors. You’re going to have to spend a lot more on cybersecurity because all that other stuff is not that important anymore.
We have one of the biggest security businesses when you look at our combined software and services. We intend to keep investing in that. I see a lot of opportunity for growth in there for us.