IBM is one of the best-known names in technology, and yet most people would struggle to explain exactly what the company does. That’s understandable. The Armonk, New York-based tech mainstay has often reinvented itself, and is in the process of becoming a hybrid cloud company that serves artificial intelligence services—a core business resembling Amazon’s AWS or Microsoft’s Azure.
“Going from tabulating machines to electronic calculators to the first semiconductor-based computers to today’s day of hybrid cloud and AI . . . that is a remarkable series of revolutions, not just evolutions,” IBM chairman and CEO Arvind Krishna told Fast Company technology editor Harry McCracken during an interview recorded for the Fast Company Innovation Festival.
At a practical level IBM makes its money selling business software and middleware, hosting the data and content of enterprises, helping enterprises manage data that lives on their own servers, and providing a range of services…
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Source : fastcompany.com
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