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Futurm Principal Research Analyst Daniel Newman joins Yahoo Finance Live to discuss IBM's latest earnings results and what it shows about the company amid market volatility.

Video Transcript

[MUSIC PLAYING]

SEANA SMITH: IBM shares moving lower, despite posting a 9% jump in sales. You can see the stock off just about 3% right now. Revenue for the quarter coming in at $15.5 billion. The estimate on the Street was for $15.1 billion. For more on this, we want to bring in Daniel Newman, principal analyst at Futurum Research. Daniel, it's great to see you. We certainly are seeing some concern here, at least in the aftermarket action, on the heels of these results from IBM. It looks like the strengthening dollar affecting their full year outlook. What was your big takeaway from the results that we just got?

DANIEL NEWMAN: Yeah, I'm just digesting the results, but overall, it's hard to not feel a little bit more positive, given the general negative sentiment towards growth. Last week, ServiceNow CEO Bill McDermott came out, kind of warned about the impact of 4x in the currency exchange. Markets sold hard in response to that. But overall, with the general macro conditions, I still think IBM's a bellwether, and it's showing overall strength for enterprise technology.

I've been looking at AI, Automation, Hybrid cloud, and kind of wondering if these would have a stronger lasting power in the recessionary environment. And what IBM is showing is, yes. I mean, this is a company that wasn't growing much when things were going up. And now over the last few quarters, Arvind Krishna, after the transition, the spin-off of Kyndryl, is showing that this company is getting close to double digit. And if you add constant currency, it actually is in the double digit range. So I see the market's negative, but I think this was a really good print for IBM.

RACHELLE AKUFFO: And we do know that it has been a volatile year, year to date for IBM's stock. And a lot of people are wondering, what we're really going to see some of the real fallout come when we look at the third quarter. What are your expectations, given where we are now and given these current earnings that have just come out?

DANIEL NEWMAN: Well, there's a couple of things to consider. I think the company has some parts of its business that are very cyclical, like its infrastructure business, the Z business, which is their mainframe, but it's a huge profit and revenue. And they only had one month of that business in this quarter. You saw that infrastructure number up double digits significantly this quarter. So that whole sales cycle is going to really pump into the next quarter. So I feel that's going to help.

And then if you look at the growth, like, in the cloud area, like Red Hat, I mean, you saw 12% steady double digit, but this overall result wasn't based upon any part of the business doing extraordinarily well while others were really suffering. What I see here is the post-Kyndryl environment. The company seems to be getting its product mix right. It's focused on hybrid Enterprise Cloud, partnering with the likes of AWS, as opposed to so much trying to compete with AWS. It seems to be working.

And if you're an investor and you're kind of looking at that value play, value yield, and a company that's going to be able to persevere through a tougher climate, IBM has kind of shown that, even going back as far as November, compared to a lot of the other higher growth companies. So you might be right. There might still be some tougher quarters ahead. But IBM seems to be showing it's in a good position to weather.

DAVE BRIGGS: Boy, you're right about that infrastructure number up almost 19%. Consulting up nearly 10%. It looks like across the board. Is there any weak spot at IBM? And what's your rating?

DANIEL NEWMAN: Well, as an industry and tech side, I don't rate. But what I would say, as an analyst looking at the overall business health, I think the company has actually done a really good job of diverging from those pressure areas. I think the spin-off of Kyndryl was really getting rid of something that had made growth nearly impossible, allowed Kyndryl to focus on that part of the business.

And now you see Arvind in-- as leadership, really focusing on that sort of, let's get high single and low double digit across the portfolio. I'd like to see cloud grow fast. Sorry, I'd like to see cloud grow faster to keep up with those 20s and 30s that we see from some of the hyperscalers. But I also think that's a little different for IBM. Very focused on the enterprise, very focused on consistent growth across the portfolio.

And like I said, if we're going to weather this difficult economic time, I think that slow, steady, and being of high value, helping companies automate, deploy artificial intelligence, utilize their data, and move workloads to the cloud are going to be the key elements of the more successful part of tech over the next 12 to 18 months.

SEANA SMITH: Hey, Dan, in the release, they said that they did see balanced growth across our geographies. IBM saying that in their earnings report. If we do, though, see a wider than expected slowdown-- I know you're seeing IBM is positioned relatively well. But what impact would that potentially look like on a company like IBM, and more broadly speaking, for the tech sector?

DANIEL NEWMAN: Yeah, the whole world is still playing catch-up. I think the US has been more aggressive in fiscal policy. I think that more aggressive approach has helped to start to see some of the slowdown in demand that's going to be required for us to get to the other side of this. We, of course, are seeing different policy in Europe. Of course, Asia, they're still dealing with everything from their policy to COVID shutdowns that are still slowing manufacturing.

And so, a company that's as globally distributed as IBM has risks across the world. And of course, we're seeing that with forex right now and in the raise in terms of impact that they noted in this particular print. Having said that, the-- I actually had a chance to talk to Arvind Krishna. I believe it was last quarter. And he actually said the most protected line item in any enterprise's budget is going to be IT.

And that really resonated with me that right now, companies that are going to see their way through this challenging economic environment are going to have to, quote unquote, "tech" their way out of it. They're going to have to make investments in things like automation and AI to make workforces more efficient, to slow down CapEx spending, and of course, to rightsize workforces, which is going to be something that is likely going to have to happen, if we're going to work our way through a recessionary period.

DAVE BRIGGS: Quite the report. Futurum Research principal analyst Dan Newman, appreciate that, sir. Thank you.

Mon, 18 Jul 2022 09:10:00 -0500 en-US text/html https://finance.yahoo.com/video/ibm-seems-showing-position-weather-205656041.html
Killexams : Insight as a Service Market Size, Share Report, Forecast Between 2022 to 2028| Accenture, IBM, Dell, NTT Data Corporation

Insight as a Service market which was valued at USD 1.53 billion which is now anticipated to grow to USD 7.61 billion by 2028.IAAS provides an organisation with useful insights from the vast amounts of data generated, which is why the market is seeing an increase in demand for digital transformation. The market demand for IAAS has increased as a result of the expanding use of internet of things (IoT) devices across a variety of industries and the growing volume of data produced. Furthermore, the need for IAAS has increased due to the growing requirement for customer management. The market is comprehensively evaluated in the study on the global insight as a service market.

Businesses are constantly looking for faster and more effective ways to use information to their advantage. To stay competitive, business clients require new information research. This issue is addressed by Insight As A Service, a product management company that disseminates important knowledge. Insight As A Service collaborates with several information sources to disseminate knowledge tidbits.Insight As A Service and SaaS contributions differ, with SaaS contributions providing research along with experiences and Insights-as-a-administration providing action plans. Pieces of Insight As A Service is similar to cloud-based services that provide business partnerships with experiences and support associations with bits of information to assist them achieve their business goals.

Businesses need to gather customer insights to market their goods and services as a result of the growth of big data. Organisations must also get understanding of the ROI. These characteristics encourage the market for “Insight As A Service” since they make it easier to get insights and Strengthen company outcomes generally. The demand for businesses to scale up a massive amount of statistical data and get insights to understand the next steps that need to be made by the firms is driving the growth of the insight as a service market.

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https://www.infinitybusinessinsights.com/request_sample.php?id=860263

Numerous software companies’ need for customer lifecycle management to keep clients is another factor driving the growth of the insight as a service market. Since cloud-based insight as a service offers numerous advantages, including quick reaction times, mature decision-making, and customer satisfaction, many SMEs are moving toward adopting it. This is one of the main reasons for the rise of the insight as a service market.There are some limitations and restrictions that will prevent the market from expanding. Data security issues, privacy worries, and problems integrating data are some of the major roadblocks to the overall expansion of the worldwide insight as a service market.

However, the ongoing development of technology, vendors offering specialised insight as a service, growing market competition, and untapped potential in new countries present significant growth prospects.Manufacturing, Banking, Financial Services, and Insurance (BFSI), Telecommunication and Information Technology, Retail and Consumer Goods, and Other Sectors

The market is divided into five sectors based on vertical: manufacturing, banking, financial services, and insurance (BFSI), retail and consumer goods, telecommunications and IT, and others. The sector expected to experience the highest during the projection period is retail and consumer goods. As this sector focuses on the customer experience, it is projected that the usage of insights services would expand quickly.

Customer management is becoming a well-liked company strategy that includes all marketing initiatives aimed at creating, growing, and sustaining connections with customers. It makes it possible for many sectors to recognise and target their most lucrative clients. Effective customer management calls for sophisticated marketing techniques that rely on an understanding of the various needs of customers at various stages. The significance in numerous businesses is highlighted by the relationship between perception and happiness, commitment, and loyalty that is drawn by cloud-based customer relationship management (CRM). CRM is becoming an increasingly important area of attention for businesses due to competition and globalisation in order to remain successful.

Regional Analysis:

Europe, North America, Asia Pacific, and the rest of the world the Global Insight As A Service Market is divided into North America, Europe, Asia Pacific, and the Rest of the World based on regional study. The majority of the market is in Asia-Pacific. The market in the APAC region will grow as a result of significant investments being made in data insights services, ongoing initiatives, and data-driven industries like BFSI, retail & consumer goods, media & communications, and services.

Competitive Analysis:

Major businesses which are also the key players of the market are Capgemini,GAVS Technologies GoodData,Microsoft Corporation,Incorporated by IBM Accenture,Creditwatch ,Civica,Analytics Wise,Software by Deloitte, Thinkbridge, Totango, 9Lenses, JBara ACTICO GmbH.

Some of the key questions answered in this report:
1. Analysis of Insight as a Service market (Preceding, present, and future) to calculate the rate of growth and market size.
2. Market risk, market opportunities, driving forces.
3. New technologies and issues to investigate market dynamics.
4. Market Forecast
5. Closely evaluate current and rising market segments.

Then, the report describes the Insight as a Service market division based on various parameters and attributes that are based on geographical distribution, product types, and applications. The market segmentation clarifies further regional distribution for the market, business trends, potential revenue sources, and upcoming market opportunities.

If you need anything more than these then let us know and we will prepare the report according to your requirement.

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Table of Contents:
1. Insight as a Service Market Overview
2. Impact on Insight as a Service Market Industry
3. Insight as a Service Market Competition
4. Insight as a Service Market Production, Revenue by Region
5. Insight as a Service Market Supply, Consumption, Export and Import by Region
6. Insight as a Service Market Production, Revenue, Price Trend by Type
7. Insight as a Service Market Analysis by Application
8. Insight as a Service Market Manufacturing Cost Analysis
9. Internal Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analysis, Distributors/Traders
11. Market Effect Factors Analysis
12. Insight as a Service Market Forecast (2022-2028)
13. Appendix

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Wed, 27 Jul 2022 23:35:00 -0500 Newsmantraa en-US text/html https://www.digitaljournal.com/pr/insight-as-a-service-market-size-share-report-forecast-between-2022-to-2028-accenture-ibm-dell-ntt-data-corporation
Killexams : IBM Q2 Earnings Highlights: Revenue And EPS Beat, Cloud Segment Revenue Shows Double-Digit Growth

Technology giant International Business Machines IBM reported second-quarter financial results after the market close Monday. Here are the key highlights.

What Happened: IBM reported second-quarter revenue of $15.5 billion, up 9% year-over-year. The total came in ahead of a Street estimate of $15.25 billion, according to data from Benzinga Pro.

The company reported earnings per share of $2.31, beating a Street estimate of $2.28.

  • Revenue for the software segment was $6.2 billion, up 6.4% year-over-year.
  • Revenue for the consulting segment was $4.8 billion, up 9.8% year-over-year.
  • Revenue for the infrastructure segment was $4.2 billion, up 19.0% year-over-year.

“In the quarter we delivered good revenue performance with balanced growth across our geographies, driven by client demand for our hybrid cloud and AI offerings. The IBM team executed our strategy well,” IBM CEO Arvind Krishna said.

The company’s cloud business lines performed well in the quarter. Hybrid cloud revenue was $21.7 billion over the last 12 months, up 16% year-over-year.

  • Software hybrid cloud revenue was up 14% year-over-year in the quarter. Consulting hybrid cloud revenue was up 20% year-over-year in the quarter. Infrastructure hybrid cloud revenue was up 24% year-over-year in the quarter.

Related Link: Tesla, Twitter, Goldman Headline Earnings News Flow Of Unfolding Week: Here Are The Key Earnings To Watch 

What’s Next: IBM said it expects full-year revenue growth at the high end of the mid-single digits.

“The company also expects an additional 3.5 point contribution from incremental sales to Kyndryl,” the company said.

IBM expects free cash flow to be $10 billion for the full fiscal year.

“With our first half results, we continue to expect full-year revenue growth at the high end of our mid-single digit model,” Krishna said.

IBM Price Action: Shares of IBM are down 2% in after-hours trading to $134.77 at the time of writing.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Mon, 18 Jul 2022 12:58:00 -0500 text/html https://www.benzinga.com/news/earnings/22/07/28107077/ibm-q2-earnings-highlights-revenue-and-eps-beat-cloud-segment-revenue-shows-double-digit-growth
Killexams : NASA and its IBM computers

The Real-Time Computer Complex (RTCC) is located at the NASA Mission Control Center in Houston, TX.

In 1962, the RTCC housed several IBM large-scale data processing mainframe digital computers.

Think of the RTCC as the computing brain that processes mountains of data to guide nearly every portion of a NASA spaceflight mission. Flight controllers and engineers in the Mission Control Center depended on the RTCC.

On April 11, 1970, a portion of the Apollo 13 command service module exploded while it was halfway to the moon. Numerous voices from flight controllers in the Mission Control room desperately attempted to ascertain how serious the situation was while communicating with the astronauts aboard the Apollo 13 command module.

NASA Flight Director Gene Kranz directs his Mission Control team by clearly and firmly saying, “OK, listen up … Quiet down, people. Procedures, I need another computer up in the RTCC.”

The quick thinking and resourcefulness of NASA flight controllers and engineers, along with the courage and professionalism of the Apollo 13 astronauts, resulted in their safe return to earth.

Credit for their safe return should also be acknowledged to the five high-performance IBM System/360 Model 75 computers in the RTCC.

About 16 years earlier, the 1954 IBM 704 digital mainframe computer operated using a low-level assembly language and a high-speed magnetic core storage memory, replacing the electrostatic tube storage used in previous IBM computers.

In 1957, Sputnik 1, Earth’s first artificial satellite, was tracked during its orbit around the planet by two IBM 704 computers.

In 1959, the IBM 1401 mainframe computer was built using a high-level programming language with FORTRAN (Formula Translation/Translator) computer language coding system created by IBM programmer John Backus in 1957 and tested on the IBM 704.

Backus said FORTRAN took what had previously required 1,000 machine statement instructions to be written in only 47 statements, significantly increasing computer programmer productivity.

In 1961, NASA launched two crewed Mercury suborbital flights. IBM 7090 computers installed in NASA Ames Research Center assisted engineers and mission flight controllers by quickly performing thousands of calculations per second.

The 1965 NASA Gemini spacecraft’s 59-pound onboard digital guidance computer was manufactured by IBM. It used a 7.143-hertz processor clock and could execute more than 7,000 calculations per second.

In 1969, IBM’s computer reliability was credited with keeping Apollo 12 on its proper trajectory after a potentially catastrophic event.

On Nov. 14, 1969. About 37 seconds after the Apollo 12 Saturn V rocket left the launchpad from Cape Canaveral, two lightning bolts struck it, knocking out all of the command module’s onboard instrumentation systems and telemetry with Mission Control in Houston.

“What the hell was that?” shouted Apollo 12 command module pilot Richard Gordon after lightning struck the Saturn V rocket traveling at 6,000 mph.

Fortunately, two-way radio communications were still functioning between Mission Control and the command module spacecraft.

“I just lost the whole platform,” Apollo 12 mission commander Charles Conrad Jr. radioed Mission Control. “We had everything in the world drop out,” he added.

The static discharge from the lightning caused a voltage outage, knocking out most of the Apollo 12 command module control systems, including the disconnection of its vital telemetry communications link with Mission Control.

Loud, overlapping voices could be heard in Mission Control as engineers and flight controllers worked on what course of action to take.

Fortunately, the Apollo 12 Saturn V rocket did not deviate from its planned trajectory. Instead, the IBM 60-pound Launch Vehicle Digital Computer (LVDC) housed inside the Instrument Unit section of the rocket’s third stage contained the required processing power to continue the Saturn V’s programmed course.

Meanwhile, Mission Control engineers saw strange data pattern readings on their control screens and desperately worked to find a solution.

NASA Mission flight controller and engineer John Aron recalled similar data patterns during simulation tests. He remembered it meant the Signal Conditioning Electronics were down.

“Flight, try SCE to AUX,” Aaron recommended to Mission Flight Director Gerry Griffin.

Griffin instructed the recommendation to be radioed to the astronauts in the command module.

One minute after the lightning strike, Mission Control radioed the astronauts in the Apollo 12 command module with the following:

“Apollo 12, Houston. Try SCE to Auxiliary. Over.”

There was a brief pause as the astronauts heard what they thought was the acronym “FCE” instead of “SCE.”

“Try FCE to Auxiliary. What the hell is that?” Conrad questioned Mission Control.

“SCE – SCE to Auxiliary,” Mission Control slowly repeated with emphasis.

Apollo 12 pilot astronaut Alan Bean was familiar with the SCE switch inside the command module. So, turning around in his seat, he flipped SCE to AUX, which restored and normalized the command module instrumentation data and telemetry transmissions.

Apollo 12 was able to complete its mission to the moon, thanks in significant part to the reliability of the IBM LVDC and, of course, Aaron’s “SCE to AUX.”

In 1962, science fiction writer Arthur C. Clarke witnessed a demonstration in Bell Labs where its scientists used the IBM 7094 computer to create a synthesized human voice singing the song “Daisy Bell (Bicycle Built for Two).”

This demonstration by the IBM computer inspired Clarke to write a much-remembered scene in the 1968 science fiction movie “2001: A Space Odyssey” featuring the somewhat sentient “Heuristically programmed ALgorithmic” computer known as the HAL 9000.

In the movie, the HAL 9000 computer is singing “Daisy Bell (Bicycle Built for Two)” while deactivating to inoperability as astronaut David Bowman removes its computing modules.

For the record, the HAL 9000 was not an IBM computer.

Thu, 04 Aug 2022 08:26:00 -0500 text/html http://www.herald-journal.com/archives/2022/columns/mo080522.html
Killexams : AI Regulation: Where do China, the EU, and the U.S. Stand Today?

Wednesday, August 3, 2022

Artificial Intelligence (AI) systems are poised to drastically alter the way businesses and governments operate on a global scale, with significant changes already under way. This technology has manifested itself in multiple forms including natural language processing, machine learning, and autonomous systems, but with the proper inputs can be leveraged to make predictions, recommendations, and even decisions.

Accordingly,enterprises are increasingly embracing this dynamic technology. A 2022 global study by IBM found that 77% of companies are either currently using AI or exploring AI for future use, creating value by increasing productivity through automation, improved decision-making, and enhanced customer experience. Further, according to a 2021 PwC study the COVID-19 pandemic increased the pace of AI adoption for 52% of companies as they sought to mitigate the crises’ impact on workforce planning, supply chain resilience, and demand projection.  

Challenges of Global Regulation

For these many businesses investing significant resources into AI, it is critical to understand the current and proposed legal frameworks regulating this novel technology. Specifically for businesses operating globally, the task of ensuring that their AI technology complies with applicable regulations will be complicated by the differing standards that are emerging from China, the European Union (EU), and the U.S.

China

China has taken the lead in moving AI regulations past the proposal stage. In March 2022, China passed a regulation governing companies’ use of algorithms in online recommendation systems, requiring that such services are moral, ethical, accountable, transparent, and “disseminate positive energy.” The regulation mandates companies notify users when an AI algorithm is playing a role in determining which information to display to them and provide users the option to opt out of being targeted. Additionally, the regulation prohibits algorithms that use personal data to offer different prices to consumers. We expect these themes to manifest themselves in AI regulations throughout the world as they develop.

European Union

Meanwhile in the EU, the European Commission has published an overarching regulatory framework proposal titled the Artificial Intelligence Act which would have a much broader scope than China’s enacted regulation. The proposal focuses on the risks created by AI, with applications sorted into categories of minimal risk, limited risk, high risk, or unacceptable risk. Depending on an application’s designated risk level, there will be corresponding government action or obligations. So far, the proposed obligations focus on enhancing the security, transparency, and accountability of AI applications through human oversight and ongoing monitoring. Specifically, companies will be required to register stand-alone high-risk AI systems, such as remote biometric identification systems, in an EU database. If the proposed regulation is passed, the earliest date for compliance would be the second half of 2024 with potential fines for noncompliance ranging from 2-6% of a company’s annual revenue.

Additionally, the previously enacted EU General Data Protection Regulation (GDPR) already carries implications for AI technology. Article 22 prohibits decisions based on solely automated processes that produce legal consequences or similar effects for individuals unless the program gains the user’s explicit consent or meets other requirements. 

United States

In the United States there has been a fragmented approach to AI regulation thus far, with states enacting their own patchwork AI laws. Many of the enacted regulations focus on establishing various commissions to determine how state agencies can utilize AI technology and to study AI’s potential impacts on the workforce and consumers. Common pending state initiatives go a step further and would regulate AI systems’ accountability and transparency when they process and make decisions based on consumer data. 

On a national level, the U.S. Congress enacted the National AI Initiative Act in January 2021, creating the National AI Initiative that provides “an overarching framework to strengthen and coordinate AI research, development, demonstration, and education activities across all U.S. Departments and Agencies . . . .” The Act created new offices and task forces aimed at implementing a national AI strategy, implicating a multitude of U.S. administrative agencies including the Federal Trade Commission (FTC), Department of Defense, Department of Agriculture, Department of Education, and the Department of Health and Human Services.

Pending national legislation includes the Algorithmic Accountability Act of 2022, which was introduced in both houses of Congress in February 2022. In response to reports that AI systems can lead to biased and discriminatory outcomes, the proposed Act would direct the FTC to create regulations that mandate “covered entities”, including businesses meeting certain criteria, to perform impact assessments when using automated decision-making processes. This would specifically include those derived from AI or machine learning. 

The Federal Trade Commission is Proactive

While the FTC has not promulgated AI-specific regulations, this technology is on the agency’s radar. In April 2021 the FTC issued a memo which apprised companies that using AI that produces discriminatory outcomes equates to a violation of Section 5 of the FTC Act, which prohibits unfair or deceptive practices. And the FTC may soon take this warning a step farther—in June 2022 the agency indicated that it will submit an Advanced Notice of Preliminary Rulemaking to “ensure that algorithmic decision-making does not result in harmful discrimination” with the public comment period ending in August 2022. The FTC also recently issued a report to Congress discussing how AI may be used to combat online harms, ranging from scams, deep fakes, and opioid sales, but advised against over-reliance on these tools, citing the technology’s susceptibility to producing inaccurate, biased, and discriminatory outcomes.

Potential Liability for Businesses in the U.S.

Companies should carefully discern whether other non-AI specific regulations could subject them to potential liability for their use of AI technology. For example, the U.S. Equal Employment Opportunity Commission (EEOC) put forth guidance in May 2022 warning companies that their use of algorithmic decision-making tools to assess job applicants and employees could violate the Americans with Disabilities Act by, in part, intentionally or unintentionally screening out individuals with disabilities. Further analysis of the EEOC’s guidance can be found here.    

Broader Impact on U.S. Businesses

Many other U.S. agencies and offices are beginning to delve into the fray of AI. In November 2021, the White House Office of Science and Technology Policy solicited engagement from stakeholders across industries in an effort to develop a “Bill of Rights for an Automated Society.” Such a Bill of Rights could cover Topics like AI’s role in the criminal justice system, equal opportunities, consumer rights, and the healthcare system. Additionally, the National Institute of Standards and Technology (NIST), which falls under the U.S. Department of Commerce, is engaging with stakeholders to develop “a voluntary risk management framework for trustworthy AI systems.” The output of this project may be analogous to the EU’s proposed regulatory framework, but in a voluntary format.

What’s Next?

The overall theme of enacted and pending AI regulations globally is maintaining the accountability, transparency, and fairness of AI. For companies leveraging AI technology, ensuring that their systems remain compliant with the various regulations intended to achieve these goals could be difficult and costly. Two aspects of AI’s decision-making process make oversight particularly demanding:

  • Opaqueness where users can control data inputs and view outputs, but are often unable to explain how and with which data points the system made a decision.

  • Frequent adaptation where processes evolve over time as the system learns.

Therefore, it is important for regulators to avoid overburdening businesses to ensure that stakeholders may still leverage AI technologies’ great benefits in a cost-effective manner. The U.S. has the opportunity to observe the outcomes of the current regulatory action from China and the EU to determine whether their approaches strike a favorable balance. However, the U.S. should potentially accelerate its promulgation of similar laws so that it can play a role in setting the global tone for AI regulatory standards.  

 

Thank you to co-author Lara Coole, a summer associate in Foley & Lardner’s Jacksonville office, for her contributions to this post.

Tue, 02 Aug 2022 12:00:00 -0500 en text/html https://www.natlawreview.com/article/ai-regulation-where-do-china-eu-and-us-stand-today
Killexams : IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.

60% of breached businesses studied stated they increased the price of their products or services due to the data breach

The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.

The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.

Some of the key findings in the 2022 IBM report include:

  • Critical Infrastructure Lags in Zero Trust – Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million – a $1.17 million increase compared to those that do. All while 28% of breaches amongst these organizations were ransomware or destructive attacks.
  • It Doesn't Pay to Pay – Ransomware victims in the study that opted to pay threat actors' ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay – not including the cost of the ransom. Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy.
  • Security Immaturity in Clouds – Forty-three percent of studied organizations are in the early stages or have not started applying security practices across their cloud environments, observing over $660,000 on average in higher breach costs than studied organizations with mature security across their cloud environments.
  • Security AI and Automation Leads as Multi-Million Dollar Cost Saver – Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology – the biggest cost saver observed in the study.

"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."

Over-trusting Critical Infrastructure Organizations
Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.

Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.

Businesses that Pay the Ransom Aren't Getting a "Bargain"
According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.

The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.

Hybrid Cloud Advantage
The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.

The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.

Additional findings in the 2022 IBM report include:

  • Phishing Becomes Costliest Breach Cause – While compromised credentials continued to reign as the most common cause of a breach (19%), phishing was the second (16%) and the costliest cause, leading to $4.91 million in average breach costs for responding organizations.
  • Healthcare Breach Costs Hit Double Digits for First Time Ever– For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
  • Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

  • To get a copy of the 2022 Cost of a Data Breach Report, please visit: https://www.ibm.com/security/data-breach.
  • Read more about the report's top findings in this IBM Security Intelligence blog.
  • Sign up for the 2022 IBM Security Cost of a Data Breach webinar on Wednesday, August 3, 2022, at 11:00 a.m. ET here.
  • Connect with the IBM Security X-Force team for a personalized review of the findings: https://ibm.biz/book-a-consult.

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Press Contact:

IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com

1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
2 Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices

IBM Corporation logo. (PRNewsfoto/IBM)

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SOURCE IBM

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Killexams : Get to Know Jimmy Tsang, Pondurance VP of Marketing

The post Get to Know Jimmy Tsang, Pondurance VP of Marketing appeared first on Pondurance.

*** This is a Security Bloggers Network syndicated blog from Blog | Pondurance authored by Pondurance. Read the original post at: https://www.pondurance.com/blog/jimmy-tsang-vp-marketing/

Tue, 02 Aug 2022 00:00:00 -0500 by Pondurance on August 2, 2022 en-US text/html https://securityboulevard.com/2022/08/get-to-know-jimmy-tsang-pondurance-vp-of-marketing%EF%BF%BC/ Killexams : Digital Agriculture Market to Grow Three Fold by 2028 | BlueWeave Consulting

New Delhi, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The agricultural market has experienced a significant rise as a result of growing awareness of the advantages of digital agriculture in maximizing agricultural productivity. The use of technologies in the agriculture sector, such as AI, drones, GPS, moisture detectors, etc., to gather, store, and analyses data in order to take necessary action is known as digital agriculture. Technology has been developed to include the whole value-addition chain till the product is delivered to the client, and not only farms.

A accurate study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global digital agriculture market was worth USD 10.7 billion in the year 2021. The market is projected to grow at a CAGR of 16.8% during the forecast period (2022-2028), earning revenues of around USD 31.8 billion by the end of 2028. The demand for higher crop health and production, growing labor scarcity in agriculture, and rising concern about food security and nutrition are the main reasons propelling the market for digital agriculture. A better environment for agriculture is created by the continuous income and higher standard of living without having to labor in the fields. This has led to urbanization and the use of technology on farms for day-to-day operations, which will aid in enhancing productivity at a cheap cost.

Digital agriculture provides substantial advantages for farmers in addition to wider social advantages elsewhere in the world. Additionally, it enables firms to share information beyond traditional industry borders, creating new, disruptive potential. The development of the digital era is pushing people everywhere to adopt new work practices. Technology enhances agriculture industry capabilities. The rise in demand for the creation of novel technologies without compromising productivity or the environment, the installation of software systems for waste reduction detection, and the growth in manufacturer profits are all factors that are anticipated to increase total market demand. The usage of mobile phones for digital farming hastens this trend. Increasing internet and digital connection have positive effects in underdeveloped nations. Over the course of the forecast period, these factors are predicted to fuel the expansion of the global digital agriculture market.

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Lack of Workforce and Rising Food Demand are the Two Main Factors Boosting the Growth of the Global Digital Agriculture Industry

Global population growth causes a rise in food demand, which in turn causes productivity to Strengthen while using less resources. The need for digital agricultural solutions is also being augmented by the rising labor scarcity in agriculture as a result of urbanization and the need for reliable sources of income. Furthermore, the need for digital agriculture is growing due to the decreasing availability of natural resources like water and the effects of climate change such as the greenhouse effect. The lack of technical expertise among people, however, may prevent the industry from expanding.

 Digital Agriculture Market is Anticipated to Witness Potential Growth Owing to Rising Technological Advancements in the Asia-Pacific Region

During the forecast period, the Asia-Pacific region is anticipated to register highest growth rate in the digital agriculture market due to increasing awareness about new technologies related to agriculture and adopting favorable government policies to promote digitization in the agriculture sector. With the increase in urbanization and the growing need for improving food security, the demand for digital agriculture is expected to increase in this region. APAC is expanding rapidly as a result of a number of reasons, including local corporate expansion and governmental initiatives supporting cutting-edge technical advancements. Some countries in the region, including China and Japan, have embraced, and are quickly deploying digital agriculture technologies. However, the vast development potential is still largely unrealized in the majority of Asia-Pacific markets.

New farming technology, such as precision farming, can help in using agricultural inputs in precise quantities to increase average yields as compared to traditional cultivation approaches. It is projected that the United States would contribute significantly to supporting the ecology for future foods. In the United States market, it is anticipated that there would be an increase in the availability of recently produced veggies across retail channels as more consumer insights into fresh-from-farm-to-table food are created. The UK government has placed AI at the center of its expanding productivity goals in its industrial policy. Growing worries about nutrition and food security are predicted to create a variety of new chances for the business to flourish.

Please Visit the Press Release: https://www.blueweaveconsulting.com/press-release/digital-agriculture-market-to-grow-three-fold-by-2028

Impact of COVID-19 on the Global Digital Agriculture Market    

The impact of COVID-19 resulted in significant and widespread increase in the global food insecurity, impacting vulnerable households in virtually every nation, and the effects are anticipated to last through 2022. Even before COVID-19, reduced wages and disrupted supply chains, chronic and acute hunger were on the rise for a variety of causes, including conflict, socioeconomic conditions, natural catastrophes, climate change, and pests. The consequences of COVID-19 on vulnerable households have led in considerable and widespread increases in global food insecurity. These effects are expected to persist through 2022.

Although the forecast for important grain production globally is still favorable, increased prices are a result of the strong demand, weather-related issues, macroeconomic variables, and supply disruptions brought on by COVID-19. Retail food prices are rising significantly in several countries, which points to supply disruptions brought on by COVID-19 social distancing policies, currency devaluations, and other factors. Individuals in low- and middle-income countries are more impacted by rising food prices than people in high-income countries as they spend a larger percentage of their income on food. Due to the restrictions, consumers were forced to prepare their own meals at home. Furthermore, individuals are staying away from marketplaces and supermarkets due to the possibility of getting COVID-19 virus. In addition to producers, distributors, and consumers, labor-intensive food processing industries have also been impacted by supply chain interruptions.

Competitive Landscape

The existence of several regional and local suppliers is what defines the global digital agricultural market. The digital agriculture market is competitive with domestic, regional, and international companies are all competing for a sizeable piece of the market share. Some of the prominent player in the global digital agriculture market includes Agrellus, Inc., Agri Marketplace, Agrofy, Agrostar, COFCO International, Crofarm Agriproducts Pvt. Ltd., DeHaat, Eden Farm, Farmcrowdy, Kaset Thai Hitech Co., Ltd., Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.), Tanihub, WayCool Foods and Products Pvt Ltd.

By expanding their service offerings and introducing better consumer packages and discounts, the companies continue to lead the industry. In addition to producers, distributors, and consumers, labor-intensive food processing industries have also been impacted by supply chain interruptions. A variety of tactics are used, including signing agreements, mergers, and strategic alliances. For instance, for the purpose of offering an international precision agricultural solution, IBM teamed up with Solinftec. Unparalleled IBM climate-based information is combined with Solinftec's artificial intelligence and powerful algorithms to offer real-time decision-making solutions to Strengthen operation efficiency, usage of inputs, and agricultural compliance, which reduces environmental impact.

Don't miss the business opportunity of the Global Digital Agriculture Market Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and global digital agriculture market. It also highlights the factors driving forecasts of total market size. The report promises to provide accurate technology trends in the global digital agriculture market ­along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.

Recent Developments

  • In April 2021, the Union Ministry of Agriculture and Microsoft India have signed a Memorandum of Understanding (MoU) for a pilot initiative to promote digital agriculture in 100 communities across six states. Microsoft will launch a pilot project in 100 villages across ten districts in six states (UP, MP, Gujarat, Haryana, Rajasthan, and Andhra Pradesh) to build a farmer interface for smart and well-organized agriculture, including post-harvest management and distribution.
  • In February 2021, IBM and Solinftec collaborated to provide precision agricultural solutions throughout the world. IBM's unrivaled climate understanding, combined with Solinftec's artificial intelligence and advanced algorithms, result in real-time decision-making solutions that Strengthen operation efficiency, input utilization, and agricultural compliance, resulting in lower environmental impact.

Scope of Report:

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage North America, Europe, Asia-Pacific, Latin America, and Africa
Product/Service Segmentation By component type, by application, by deployment, and by region
Key Players The key players operating in the global digital agriculture market are et are Agrellus, Inc., Agri Marketplace, Agrofy, Agrostar, COFCO International, Crofarm Agriproducts Pvt. Ltd., DeHaat, Eden Farm, Farmcrowdy, Kaset Thai Hitech Co., Ltd., Ninjacart Platform (63Ideas Infolabs Pvt. Ltd.), Tanihub, WayCool Foods and Products Pvt Ltd, and other prominent players

By Component Type

  • Hardware
  • Software
  • Devices

By Application

  • Field Mapping
  • Livestock Monitoring
  • Greenhouse Farming
  • Crop Scouting
  • Weather Tracking
  • Drone Analytics
  • Financial Management
  • Farm Inventory Management
  • Others

By Deployment

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Please Find Below Some Related Report:

About Us

Blue Weave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.

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Thu, 04 Aug 2022 03:00:00 -0500 text/html https://www.benzinga.com/pressreleases/22/08/g28357480/digital-agriculture-market-to-grow-three-fold-by-2028-blueweave-consulting
Killexams : International Business Machines Corporation (IBM) Is a Trending Stock: Facts to Know Before Betting on It

IBM (IBM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this technology and consulting company have returned -6.4% over the past month versus the Zacks S&P 500 composite's +7.8% change. The Zacks Computer - Integrated Systems industry, to which IBM belongs, has lost 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate Revisions

Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

IBM is expected to post earnings of $1.88 per share for the current quarter, representing a year-over-year change of -25.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -27.5%.

The consensus earnings estimate of $9.47 for the current fiscal year indicates a year-over-year change of +19.4%. This estimate has changed -4.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $10.05 indicates a change of +6.2% from what IBM is expected to report a year ago. Over the past month, the estimate has changed -6.3%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the accurate change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for IBM.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

12-month consensus EPS estimate for IBM _12MonthEPSChartUrl

Revenue Growth Forecast

While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For IBM, the consensus sales estimate for the current quarter of $13.91 billion indicates a year-over-year change of -21%. For the current and next fiscal years, $59.9 billion and $61.2 billion estimates indicate -15.4% and +2.2% changes, respectively.

Last Reported Results and Surprise History

IBM reported revenues of $15.54 billion in the last reported quarter, representing a year-over-year change of -17.1%. EPS of $2.31 for the same period compares with $2.33 a year ago.

Compared to the Zacks Consensus Estimate of $15.12 billion, the reported revenues represent a surprise of +2.75%. The EPS surprise was +0.87%.

Over the last four quarters, IBM surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

Valuation

Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

IBM is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about IBM. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.


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Killexams : IBM 'seems to be showing it's in a position to weather' the tough economic climate: Analyst

Futurm Principal Research Analyst Daniel Newman joins Yahoo Finance Live to discuss IBM's latest earnings results and what it shows about the company amid market volatility.

Video Transcript

[MUSIC PLAYING]

SEANA SMITH: IBM shares moving lower, despite posting a 9% jump in sales. You can see the stock off just about 3% right now. Revenue for the quarter coming in at $15.5 billion. The estimate on the Street was for $15.1 billion. For more on this, we want to bring in Daniel Newman, principal analyst at Futurum Research. Daniel, it's great to see you. We certainly are seeing some concern here, at least in the aftermarket action, on the heels of these results from IBM. It looks like the strengthening dollar affecting their full year outlook. What was your big takeaway from the results that we just got?

DANIEL NEWMAN: Yeah, I'm just digesting the results, but overall, it's hard to not feel a little bit more positive, given the general negative sentiment towards growth. Last week, ServiceNow CEO Bill McDermott came out, kind of warned about the impact of 4x in the currency exchange. Markets sold hard in response to that. But overall, with the general macro conditions, I still think IBM's a bellwether, and it's showing overall strength for enterprise technology.

I've been looking at AI, Automation, Hybrid cloud, and kind of wondering if these would have a stronger lasting power in the recessionary environment. And what IBM is showing is, yes. I mean, this is a company that wasn't growing much when things were going up. And now over the last few quarters, Arvind Krishna, after the transition, the spin-off of Kyndryl, is showing that this company is getting close to double digit. And if you add constant currency, it actually is in the double digit range. So I see the market's negative, but I think this was a really good print for IBM.

RACHELLE AKUFFO: And we do know that it has been a volatile year, year to date for IBM's stock. And a lot of people are wondering, what we're really going to see some of the real fallout come when we look at the third quarter. What are your expectations, given where we are now and given these current earnings that have just come out?

DANIEL NEWMAN: Well, there's a couple of things to consider. I think the company has some parts of its business that are very cyclical, like its infrastructure business, the Z business, which is their mainframe, but it's a huge profit and revenue. And they only had one month of that business in this quarter. You saw that infrastructure number up double digits significantly this quarter. So that whole sales cycle is going to really pump into the next quarter. So I feel that's going to help.

And then if you look at the growth, like, in the cloud area, like Red Hat, I mean, you saw 12% steady double digit, but this overall result wasn't based upon any part of the business doing extraordinarily well while others were really suffering. What I see here is the post-Kyndryl environment. The company seems to be getting its product mix right. It's focused on hybrid Enterprise Cloud, partnering with the likes of AWS, as opposed to so much trying to compete with AWS. It seems to be working.

And if you're an investor and you're kind of looking at that value play, value yield, and a company that's going to be able to persevere through a tougher climate, IBM has kind of shown that, even going back as far as November, compared to a lot of the other higher growth companies. So you might be right. There might still be some tougher quarters ahead. But IBM seems to be showing it's in a good position to weather.

DAVE BRIGGS: Boy, you're right about that infrastructure number up almost 19%. Consulting up nearly 10%. It looks like across the board. Is there any weak spot at IBM? And what's your rating?

DANIEL NEWMAN: Well, as an industry and tech side, I don't rate. But what I would say, as an analyst looking at the overall business health, I think the company has actually done a really good job of diverging from those pressure areas. I think the spin-off of Kyndryl was really getting rid of something that had made growth nearly impossible, allowed Kyndryl to focus on that part of the business.

And now you see Arvind in-- as leadership, really focusing on that sort of, let's get high single and low double digit across the portfolio. I'd like to see cloud grow fast. Sorry, I'd like to see cloud grow faster to keep up with those 20s and 30s that we see from some of the hyperscalers. But I also think that's a little different for IBM. Very focused on the enterprise, very focused on consistent growth across the portfolio.

And like I said, if we're going to weather this difficult economic time, I think that slow, steady, and being of high value, helping companies automate, deploy artificial intelligence, utilize their data, and move workloads to the cloud are going to be the key elements of the more successful part of tech over the next 12 to 18 months.

SEANA SMITH: Hey, Dan, in the release, they said that they did see balanced growth across our geographies. IBM saying that in their earnings report. If we do, though, see a wider than expected slowdown-- I know you're seeing IBM is positioned relatively well. But what impact would that potentially look like on a company like IBM, and more broadly speaking, for the tech sector?

DANIEL NEWMAN: Yeah, the whole world is still playing catch-up. I think the US has been more aggressive in fiscal policy. I think that more aggressive approach has helped to start to see some of the slowdown in demand that's going to be required for us to get to the other side of this. We, of course, are seeing different policy in Europe. Of course, Asia, they're still dealing with everything from their policy to COVID shutdowns that are still slowing manufacturing.

And so, a company that's as globally distributed as IBM has risks across the world. And of course, we're seeing that with forex right now and in the raise in terms of impact that they noted in this particular print. Having said that, the-- I actually had a chance to talk to Arvind Krishna. I believe it was last quarter. And he actually said the most protected line item in any enterprise's budget is going to be IT.

And that really resonated with me that right now, companies that are going to see their way through this challenging economic environment are going to have to, quote unquote, "tech" their way out of it. They're going to have to make investments in things like automation and AI to make workforces more efficient, to slow down CapEx spending, and of course, to rightsize workforces, which is going to be something that is likely going to have to happen, if we're going to work our way through a recessionary period.

DAVE BRIGGS: Quite the report. Futurum Research principal analyst Dan Newman, appreciate that, sir. Thank you.

Mon, 18 Jul 2022 09:33:00 -0500 en-CA text/html https://ca.finance.yahoo.com/video/ibm-seems-showing-position-weather-205656041.html
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