The Register Rings the Bell on IBM
September 29, 2019
DarkCyber noted “Analyze This: IBM Punts Off Algorithm Risk Biz.” The main idea is that IBM is exiting the financial risk business. Smart finance and associated analytics is a hot business sector. Even Amazon, the online bookstore, has some capabilities in this area. IBM? Not so much.
We noted this statement:
IBM originally purchased the analytics products from Toronto-based Algorithmics in 2011 for $387m.
The article explains that IBM wants to focus.
One interesting point in the write up struck DarkCyber as:
Kate Hanaghan, chief research officer at TechMarketView, said buying into new areas and selling off legacy ones are part of IBM’s turnaround plan. “The point is that IBM has to make some choices about where it should place its bets and sink its investment spend. Divestments are crucial and will without doubt continue – as will acquisitions.”
Sounds good, but this factoid explains the IBM problem:
IBM CEO, president and chairman Ginni Rometty took to the hot seat in 2011 when revenues came in at $106.9bn. At the end of 2018, revenues stood at $79.6bn.
There you go. Watson, what do you think?
Stephen E Arnold, September 29, 2019
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