In the past few months International Business Machines (NYSE:IBM) has turned into one of the best performing tech names. Since I first covered the company in January of 2021 IBM returned 17%, compared to merely 8% for the broader equity market.
During this timeframe the spin-off of Kyndryl (KD) was completed and now that the underperforming assets have been unloaded, expectations around the 'New IBM' are running high. Unfortunately, however, the strong share price performance since November of last year has little to do with IBM's fundamentals.
As we see in the graph below, the iShares Edge MSCI USA Momentum Factor ETF (MTUM) peaked also in November of last year and since then the gap with the iShares Edge MSCI USA Value Factor ETF (VLUE) has been expanding.
As expectations of monetary tightening begun to surface and inflationary pressures intensified, high duration and momentum stocks begun to underperform the lower duration value companies. I talked about this dynamic in my recent analysis called 'The Cloud Space In Numbers: What Matters The Most', where I showed why the high-growth names were at risk. More specifically, I distinguished between the companies in the bottom left-hand corner and those in the upper right-hand corner in the graph below.
As we see in the graph below, the high flyers, such as Workday (WDAY), Salesforce (CRM) and Adobe (ADBE), have become the worst performers, while companies like IBM and Oracle (ORCL) that were usually associated with low expected growth and low valuation multiples became the new stars.
Although this was good news for value investors as a whole and is a trend that could easily continue, we should distinguish between strong business performance and market-wide forces. Having said that, IBM shareholders should not simply assume that the strong share price performance is a sign of strong execution. Needless to say, the Kyndryl disastrous performance of losing 75% of its value in a matter of months also lies on the shoulders of current management of IBM.
IBM's recently reported quarterly numbers once again disappointed and the management seems to have largely attributed the U.S. dollar movement to the slightly lower guidance.
Alongside the guidance gross margins also fell across the board, with the exception of the Financing division, which is relatively small to the other business units.
Rising labour and component costs were also to blame during the quarter and the management is addressing these through pricing actions which should take some time.
Although this is likely true, IBM is also reducing spend on research and development and selling, general and administrative functions. Such actions are usually taken as a precaution during downturns, however, consistent lower spend in those areas could often have grave consequences.
Last but not least, the reported EPS numbers from continuing operations should also be adjusted as I have outlined before.
I usually exclude the royalty income and all income/expenses grouped in the 'other' category. These expenses/income usually have little to do with IBM's ongoing business and as such I deem them to be irrelevant for long-term shareholders.
On an adjusted basis, EPS increased from $1.08 in Q2 2021 to $1.33 in Q2 2022, which although is a notable increase remains low. Just as a back of the envelope calculation, if we annualize the last quarterly result, we end up with a total EPS number of $5.3 or a forward P/E ratio of almost 25x. Given all the difficulties facing IBM and its growth profile, this still appears as too high.
As expected, IBM continued on its strategy to fuel its growth through a frenzy of acquisitions and divestitures. Following the Kyndryl spin-off, the company completed four deals in a matter of just few months.
As I have said before, all that does not bode well for the prospects of IBM's legacy businesses. Moreover, the management does not seem to be focused on organic growth numbers in their quarterly reviews which is even more worrisome.
Now that the underperforming assets have been off-loaded, IBM's dividend payments are still too high relative to its adjusted income.
* adjusted for Intellectual property and custom development income, Other (income) and expense and Income/(loss) from discontinued operations, net of tax
As previously noted, this puts the company between a rock and a hard place. However, reducing or discontinuing the dividend could potentially result in an exodus of long-term shareholders.
We should also mention that IBM has been barely paying any taxes over recent years due to various tax credits (see below). This, however, is gradually changing and will likely provide yet another headwind on EPS numbers in the future.
Even though the narrative around IBM has been largely focused on its business turning around, the company's free cash flow per share continues to decline.
A potential upside based on a successful turnaround story of IBM that is gravitating around the hybrid cloud is a major reason for many current and potential shareholders of IBM to hope for a light at the end of the tunnel. However, little seems to have changed at IBM following the spin-off of Kyndryl and a declining business also creates a significant moral hazard problem for management where more risk taking is incentivized. All that combined with the fact that IBM is doing M&A deals almost on a monthly basis, creates significant risks for long-term owners of the business.
Interested, he talked to a counselor to learn more about P-TECH, an early college program where he could earn an associate’s degree along with his high school diploma. Liking the sound of the program, he enrolled in the inaugural P-TECH class as a freshman at Longmont’s Skyline High School.
“I really loved working on computers, even before P-TECH,” he said. “I was a hobbyist. P-TECH gave me a pathway.”
IBM hired him as a cybersecurity analyst once he completed the apprenticeship.
“P-TECH has given me a great advantage,” he said. “Without it, I would have been questioning whether to go into college. Having a college degree at 18 is great to put on a resume.”
Litow’s idea was to get more underrepresented young people into tech careers by giving them a direct path to college while in high school — and in turn create a pipeline of employees with the job skills businesses were starting to value over four-year college degrees.
The program, which includes mentors and internships provided by business partners, gives high school students up to six years to earn an associate's degree at no cost.
In Colorado, St. Vrain Valley was among the first school districts chosen by the state to offer a P-TECH program after the Legislature passed a bill to provide funding — and the school district has embraced the program.
Colorado’s first P-TECH programs started in the fall of 2016 at three high schools, including Skyline High. Over the last six years, 17 more Colorado high schools have adopted P-TECH, for at total of 20. Three of those are in St. Vrain Valley, with a fourth planned to open in the fall of 2023 at Longmont High School.
Each St. Vrain Valley high school offers a different focus supported by different industry partners.
Skyline partners with IBM, with students earning an associate’s degree in Computer Information Systems from Front Range. Along with being the first, Skyline’s program is the largest, enrolling up to 55 new freshmen each year.
Programs at the other schools are capped at 35 students per grade.
Frederick High’s program, which started in the fall of 2019, has a bioscience focus, partners with Aims Community College and works with industry partners Agilent Technologies, Tolmar, KBI Biopharma, AGC Biologics and Corden Pharma.
Silver Creek High’s program started a year ago with a cybersecurity focus. The Longmont school partners with Front Range and works with industry partners Seagate, Cisco, PEAK Resources and Comcast.
The new program coming to Longmont High will focus on business.
District leaders point to Skyline High’s graduation statistics to illustrate the program’s success. At Skyline, 100 percent of students in the first three P-TECH graduating classes earned a high school diploma in four years.
For the 2020 Skyline P-TECH graduates, 24 of the 33, or about 70 percent, also earned associate’s degrees. For the 2021 graduating class, 30 of the 47 have associate’s degrees — with one year left for those students to complete the college requirements.
For the most recent 2022 graduates, who have two years left to complete the college requirements, 19 of 59 have associate’s degrees and another six are on track to earn their degrees by the end of the summer.
Louise March, Skyline High’s P-TECH counselor, keeps in touch with the graduates, saying 27 are working part time or full time at IBM. About a third are continuing their education at a four year college. Of the 19 who graduated in 2022 with an associate’s degree, 17 are enrolling at a four year college, she said.
Two of those 2022 graduates are Anahi Sarmiento, who is headed to the University of Colorado Boulder’s Leeds School of Business, and Jose Ivarra, who will study computer science at Colorado State University.
“I’m the oldest out of three siblings,” Ivarra said. “When you hear that someone wants to provide you free college in high school, you take it. I jumped at the opportunity.”
Sarmiento added that her parents, who are immigrants, are already working two jobs and don’t have extra money for college costs.
“P-TECH is pushing me forward,” she said. “I know my parents want me to have a better life, but I want them to have a better life, too. Going into high school, I kept that mentality that I would push myself to my full potential. It kept me motivated.”
While the program requires hard work, the two graduates said, they still enjoyed high school and had outside interests. Ivarra was a varsity football player who was named player of the year. Sarmiento took advantage of multiple opportunities, from helping elementary students learn robotics to working at the district’s Innovation Center.
Ivarra said he likes that P-TECH has the same high expectations for all students, no matter their backgrounds, and gives them support in any areas where they need help. Spanish is his first language and, while math came naturally, language arts was more challenging.
“It was tough for me to see all these classmates use all these big words, and I didn’t know them,” he said. “I just felt less. When I went into P-TECH, the teachers focus on you so much, checking on every single student.”
They said it’s OK to struggle or even fail. Ivarra said he failed a tough class during the pandemic, but was able to retake it and passed. Both credited March, their counselor, with providing unending support as they navigated high school and college classes.
“She’s always there for you,” Sarmiento said. “It’s hard to be on top of everything. You have someone to go to.”
Students also supported each other.
“You build bonds,” Ivarra said. “You’re all trying to figure out these classes. You grow together. It’s a bunch of people who want to succeed. The people that surround you in P-TECH, they push you to be better.”
P-TECH has no entrance requirements or prerequisite classes. You don’t need to be a top student, have taken advanced math or have a background in technology.
With students starting the rigorous program with a wide range of skills, teachers and counselors said, they quickly figured out the program needed stronger support systems.
March said freshmen in the first P-TECH class struggled that first semester, prompting the creation of a guided study class. The every other day, hour-and-a-half class includes both study time and time to learn workplace skills, including writing a resume and interviewing. Teachers also offer tutoring twice a week after school.
“The guided study has become crucial to the success of the program,” March said.
Another way P-TECH provides extra support is through summer orientation programs for incoming freshmen.
At Skyline, ninth graders take a three-week bridge class — worth half a credit — that includes learning good study habits. They also meet IBM mentors and take a field trip to Front Range Community College.
“They get their college ID before they get their high school ID,” March said.
During a session in June, 15 IBM mentors helped the students program a Sphero robot to travel along different track configurations. Kathleen Schuster, who has volunteered as an IBM mentor since the P-TECH program started here, said she wants to “return some of the favors I got when I was younger.”
“Even this play stuff with the Spheros, it’s teaching them teamwork and a little computing,” she said. “Hopefully, through P-TECH, they will learn what it takes to work in a tech job.”
Incoming Skyline freshman Blake Baker said he found a passion for programming at Trail Ridge Middle and saw P-TECH as a way to capitalize on that passion.
“I really love that they provide you options and a path,” he said.
Trail Ridge classmate Itzel Pereyra, another programming enthusiast, heard about P-TECH from her older brother.
“It’s really good for my future,” she said. “It’s an exciting moment, starting the program. It will just help you with everything.”
While some of the incoming ninth graders shared dreams of technology careers, others see P-TECH as a good foundation to pursue other dreams.
Skyline incoming ninth grader Marisol Sanchez wants to become a traveling nurse, demonstrating technology and new skills to other nurses. She added that the summer orientation sessions are a good introduction, helping calm the nerves that accompany combining high school and college.
“There’s a lot of team building,” she said. “It’s getting us all stronger together as a group and introducing everyone.”
Silver Creek’s June camp for incoming ninth graders included field trips to visit Cisco, Seagate, PEAK Resources, Comcast and Front Range Community College.
During the Front Range Community College field trip, the students heard from Front Range staff members before going on a scavenger hunt. Groups took photos to prove they completed tasks, snapping pictures of ceramic pieces near the art rooms, the most expensive tech product for sale in the bookstore and administrative offices across the street from the main building.
Emma Horton, an incoming freshman, took a cybersecurity class as a Flagstaff Academy eighth grader that hooked her on the idea of technology as a career.
“I’m really excited about the experience I will be getting in P-TECH,’ she said. “I’ve never been super motivated in school, but with something I’m really interested in, it becomes easier.”
Deb Craven, dean of instruction at Front Range’s Boulder County campus, promised the Silver Creek students that the college would support them. She also gave them some advice.
“You need to advocate and ask for help,” she said. “These two things are going to help you the most. Be present, be engaged, work together and lean on each other.”
Craven, who oversees Front Range’s P-TECH program partnership, said Front Range leaders toured the original P-TECH program in New York along with St. Vrain and IBM leaders in preparation for bringing P-TECH here.
“Having IBM as a partner as we started the program was really helpful,” she said.
When the program began, she said, freshmen took a more advanced technology class as their first college class. Now, she said, they start with a more fundamental class in the spring of their freshman year, learning how to build a computer.
“These guys have a chance to grow into the high school environment before we stick them in a college class,” she said.
Summer opportunities aren’t just for P-TECH’s freshmen. Along with summer internships, the schools and community colleges offer summer classes.
Silver Creek incoming 10th graders, for example, could take a personal financial literacy class at Silver Creek in the mornings and an introduction to cybersecurity class at the Innovation Center in the afternoons in June.
Over at Skyline, incoming 10th graders in P-TECH are getting paid to teach STEM lessons to elementary students while earning high school credit. Students in the fifth or sixth year of the program also had the option of taking computer science and algebra classes at Front Range.
And at Frederick, incoming juniors are taking an introduction to manufacturing class at the district's Career Elevation and Technology Center this month in preparation for an advanced manufacturing class they’re taking in the fall.
“This will provide them a head start for the fall,” said instructor Chester Clark.
Incoming Frederick junior Destini Johnson said she’s not sure what she wants to do after high school, but believes the opportunities offered by P-TECH will prepare her for the future.
“I wanted to try something challenging, and getting a head start on college can only help,” she said. “It’s really incredible that I’m already halfway done with an associate’s degree and high school.”
IBM P-TECH program manager Tracy Knick, who has worked with the Skyline High program for three years, said it takes a strong commitment from all the partners — the school district, IBM and Front Range — to make the program work.
“It’s not an easy model,” she said. “When you say there are no entrance requirements, we all have to be OK with that and support the students to be successful.”
IBM hosted 60 St. Vrain interns this summer, while two Skyline students work as IBM “co-ops” — a national program — to assist with the P-TECH program.
The company hosts two to four formal events for the students each year to work on professional and technical skills, while IBM mentors provide tutoring in algebra. During the pandemic, IBM also paid for subscriptions to tutor.com so students could get immediate help while taking online classes.
“We want to get them truly workforce ready,” Knick said. “They’re not IBM-only skills we’re teaching. Even though they choose a pathway, they can really do anything.”
As the program continues to expand in the district, she said, her wish is for more businesses to recognize the value of P-TECH.
“These students have had intensive training on professional skills,” she said. “They have taken college classes enhanced with the same digital credentials that an IBM employee can learn. There should be a waiting list of employers for these really talented and skilled young professionals.”
©2022 the Daily Camera (Boulder, Colo.). Distributed by Tribune Content Agency, LLC.
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Jul 29, 2022 (Heraldkeepers) -- Pune India – Global Healthcare Decision Support & IBM Watson Market Research Report 2020-2026 thinks about key breakdowns in the Industry with insights about the market drivers and market restrictions. The report illuminates accumulating an all encompassing rundown of factual investigation for the market scape. While setting up this expert and top to bottom statistical surveying report, client necessity has been kept into center. The report covers a few overwhelming elements encompassing the worldwide Healthcare Decision Support & IBM Watson market, for example, worldwide appropriation channels, makers, market size, and other logical components that include the whole scene of the market. The examination archive intends to direct perusers in experiencing the impediments that are featured after a concentrated investigation.
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Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
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Rest of the World....
In Chapter 8 and Chapter 10.3, based on types, the Healthcare Decision Support & IBM Watson market from 2017 to 2029 is primarily split into:
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New Jersey, N.J., July 27, 2022 The Insurance Data Analytics Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Insurance Data Analytics market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
Insurance Analytics is the process of collecting, analyzing and extracting relevant insights from a variety of data sources in order to effectively manage risk and offer the best possible insurance contracts in areas such as health, life, property or accidents among others. The growing popularity of advanced analytical and data-driven decision making techniques in insurance is expected to drive the market. The growing adoption of insurance analytical tools and services by small and midsize businesses is expected to further fuel market demand.
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The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
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Global Insurance Data Analytics Market Research Report 2022 – 2029
Chapter 1 Insurance Data Analytics Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
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Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
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Chapter 12 Global Insurance Data Analytics Market Forecast
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Aug 04, 2022 (Alliance News via COMTEX) -- Key Companies Covered in the Railway Cyber Security Solution Research are Thales Group, Alstom, Siemens, Bombardier, General Electric (WabTec), Nokia Networks, Hitachi, IBM, Cisco, United Technologies and other key market players.
The global Railway Cyber Security Solution market size will reach USD million in 2030, growing at a CAGR of % during the analysis period.
As the global economy recovers in 2021 and the supply of the industrial chain improves, the Railway Cyber Security Solution market will undergo major changes. According to the latest research, the market size of the Railway Cyber Security Solution industry in 2021 will increase by USD million compared to 2020, with a growth rate of %.
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In announcing second-quarter earnings on July 18, IBM Corp. Chief Executive Arvind Krishna commented that his business is not only not showing any signs of suffering from recessionary pressures but may actually be benefiting from them.
“We see technology as deflationary,” he said. “It acts as a counterbalance to all of the inflation and labor demographics people are facing all over the globe.”
If current trends are any indication, Krishna is onto something. Amid growing fears of an economic downturn, enterprises are mostly staying the course with overall information technology spending and even increasing investments in digital transformation-related areas such as cloud migration and software as a service.
That’s a break from the past. IT budgets have historically tracked business cycles because the principal use of IT systems was to process transactions. When the volume of business fell, so did technology budgets.
But analysts who track spending patterns say this year is different. The move to cloud platforms and remote work that was accelerated by the COVID-19 pandemic demonstrated such a strong return on investment that organizations are holding the line on tech spending with expectations that further efficiencies can be gained.
“This is the first post-‘as-a-service’ recession,” said Philip Carter, a group vice president at International Data Corp. “IT has moved from being capital to an operating expense. The [traditional spending] lumpiness isn’t completely removed but it’s much less of a factor.”
Fears of a recession are growing amid higher inflation, supply chain problems and disruptions triggered by Russia’s invasion of Ukraine. TD Securities USA LLC recently said there is a better than 50% chance of a U.S. recession within the next 18 months. Economists polled by Reuters rated the likelihood at 40% over the next year.
A recent IDC quick poll of chief information officers found that 80% expect a recession to arrive within the next 12 months and most believe it will last about a year, Carter said. The good news is that nearly three-quarters believe the downturn will be moderate.
IT budgets typically ebb and flow with the economy, but something is different this time. “It’s business as usual from a CIO spending and tech vendor revenue perspective,” said John-David Lovelock, research vice president at Gartner Inc.
Gartner’s latest forecast sees 3% growth in IT spending in 2022, down only slightly from the 4% forecast at the beginning of this year. And some line items are actually growing. The research firm sees spending on data center systems growing 11.1% this year, up from 6.4% growth last year. Software expenditures are expected to rise 9.6% and next year by 12% more.
What drags down the total is an anticipated 5% drop in spending on personal computers, printers and other consumer devices. Businesses “did a massive refresh in 2020 for work-from-home, so this year when inflation started to bite, they stuck their hands back in the pocket and paused,” Lovelock said.
Other forecasters have recently published similar figures. Forrester Research Inc. expects technology budgets at U.S. companies to grow 6.7% this year, virtually unchanged from its expectations more than a year ago.
“We see the recession as an opportunity for firms to go on the offensive rather than the defensive with their technology investments,” said Christopher P. Gilchrist, a Forrester principal analyst. “This means refocusing strategy to where value can be extended and expanded, not where costs can be limited.”
IDC expects overall IT spending to “modestly exceed GDP growth,” but notes that strong growth in enterprise systems and software is masked by a slowdown in spending on end-user computing devices. “Exclusive of devices, growth will be nearly three times GDP growth,” Carter said.
Enterprise Technology Research expects total IT spending to grow 6.6% the year, down from the 8.3% rate it forecast at the end of last year but more optimistic than most.
Analysts attribute the resilience of IT budgets to three factors, of which the most significant is that organizations are now looking at technology as a source of competitive advantage rather than a back-office function.
“IT is no longer considered a cost center,” said Gartner’s Lovelock. “It is crucial to operations and customer relationships. Digital business transformation is the number one thing happening in IT right now and you can’t cut your way to it.”
A survey of more than 2,900 IT decision-makers by colocation vendor Equinix Inc. provides clues about where the dollars are going. Despite the economic uncertainty, 72% of executives said their companies are planning to expand into new geographies, supported by digital technologies.
Asked about the priorities for their technology investments, five of the top seven respondents cited tech that relates to transformative areas such as future-proofing the business, improving customer experience, accelerating innovation, improving the employee experience and digitizing the business.
More than 70% said they’re moving more functions to the cloud and 52% agreed that “our IT strategy has become more aggressive and ambitious as a result of the COVID-19 pandemic,” compared with 28% who disagreed.
“Discretionary spending such as proof-of-concept tests…could get pushed back, but businesses see more value than ever in tech that will enhance the customer experience and provide them an edge in an increasingly tight market,” The Wall Street Journal reported last month.
Forrester’s Gilchrist suggested the experience of previous recessions may have finally convinced executives that downturns are the best time to ramp up investments that can separate companies from their competitors. “Even when organizational budgets began to contract during the pandemic, IT spending expanded in the aggregate,” he said. “This phenomenon was a materialization of how IT cost structures have evolved over the past decade.”
That’s the case at Detroit-based Rocket Mortgage LLC. “The message I hear from most of my business partners is look, this is going to be a rough year but recessions are the time to lean in,” CIO Brian Woodring told The Wall Street Journal.
At age 24, Iddo Gino has never managed a business through a recession, but the CEO of RapidAPI, which is the business name of R Software Inc., said he learned something from temporary recession caused by COVID in 2020. “It served as a cautionary tale against overreacting,” he said. “We froze hiring and marketing spend for six months. That was followed by two of the best years we’ve ever had.”
The second factor is that IT spending is harder to pinpoint and manage than it was just a few years ago. A recent Gartner report asserted that line-of-business leaders in the average enterprise now spend more on transformative IT projects than the IT organization. As department heads have shouldered responsibility for the cloud software they now rely upon, budget mandates have become harder to enforce.
“Customer experience is coming from marketing and the ‘internet of things’ from the factory,” Carter said. “Digital transformation is much less of an IT budget discussion than a C-suite budget discussion.”
The third factor is that IT budgets are simply becoming harder to cut. The costs of maintaining and administering data centers and enterprise software constitute as much as 80% of the IT budget at large organizations, and shifting operations to the cloud has been shown to yield only modest savings.
“IT is so efficient and so necessary that there’s no fat left to cut,” said Gartner’s Lovelock.
A worsening skills shortage has driven up salaries and spending just to keep basic services in operation. “We have 200 open positions in the IT department globally and we can’t fill them,” the CIO at a multinational consumer packaged goods manufacturer told IDC.
The degree to which IT spending continues to hold up has become more evident this week as bellwether companies such as Microsoft Corp. and Alphabet Inc. report quarterly earnings that somewhat exceeded expectations, particularly thanks to continued high spending on cloud computing. IBM’s Krishna described the company’s pipeline as “pretty healthy,” and SAP SE attributed the better-than-expected results it reported recently to strength in its cloud business.
Although there’s a reason for optimism, the full extent of any potential recession is still unclear and plans could change. “When revenue falls and the wealth of executives evaporates as stock prices follow, how many of those surveyed will still talk a good digital game about the next best thing?” asked InfoWorld columnist David Linthicum earlier this month. “I hope priorities don’t change when everyone finds out what a hard slog digital transformation will be.”
The program is best suited for early-mid career professionals with 2+ years of work experience.
Upon program completion, learners will receive a certificate from Carlson School of Management and Simplilearn.
The program includes masterclasses delivered by distinguished faculty from the University of Minnesota and industry experts from IBM.
The bootcamp will also include career assistance from Simplilearn.
SAN FRANCISCO, Aug. 2, 2022 /PRNewswire/ -- Simplilearn, a global digital skills training provider, announced its partnership with the University of Minnesota's Carlson School of Management for a Bootcamp in Business Analytics. The program will provide a well-planned, high-level understanding of business analytics and the real-world application of analytics across multiple domains. Anyone who has completed their bachelor's degree (in any background) is eligible for this program. The bootcamp is best suited for early-mid career professionals having 2+ years of formal work experience, such as IT professionals, Banking and Finance professionals, Marketing Managers, Supply Chain Network Managers, Analysts, and Consultants.
The six-month program will be based on a blended format of online self-learning and live virtual classes. The key features of the program include:
Program completion certificate from the Carlson School of Management and Simplilearn
Membership to University of Minnesota's Alumni Association
Masterclasses delivered by Carlson School of Management faculty and industry experts from IBM
Industry-recognized IBM certificates for IBM courses
Ask-Me-Anything sessions & hackathons conducted by IBM
More than twelve industry-relevant projects
Simplilearn career assistance
The program curriculum consists of R Programming for Data Science, SQL, Business Analytics with Excel, Data Analytics with Python, Capstone Projects, and other modules.
Speaking about the program, Mr. Anand Narayanan, Chief Product Officer, Simplilearn, said, "In today's business-driven environment, every organization is devising ways to make their decision-making more insightful and impactful. As a result, the role of business analytics continues to grow in importance. Business Analytics provides companies the ability to derive deeper insights and create stronger business recommendations for their own success. Given the industry relevance of the program, we have partnered with the University of Minnesota's Carlson School of Management to curate this Business Analytics Bootcamp that will provide learners an extensive knowledge of the course and widen growth and professional opportunities."
Speaking on the partnership with Simplilearn, Dr. Ravi Bapna, Curtis L. Carlson Chair in Business Analytics and Information Systems at the Carlson School of Management, University of Minnesota said, "Business Analytics can help companies make better, more informed decisions and achieve various goals. Its ability to navigate crises has further increased its importance to the business. Business analytics has certainly changed the dynamics of working in the digital economy and how companies operate."
Simplilearn conducts more than 3000 live classes, with an average of 70,000 learners who together spend more than 500,000 hours each month on the platform. Simplilearn's programs allow learners to upskill and get certified in popular domains. In 2020, Simplilearn introduced a free skills development program called SkillUp. SkillUp lets learners explore in-demand subjects in top professional and technology fields for free, helping them make the right learning and career decisions.
About the Carlson School of Management, University of Minnesota
The Curtis L. Carlson School of Management at the University of Minnesota is a recognized leader in business education and research. Established in 1919 and located in Minneapolis, the Carlson School is committed to developing leaders who believe business is a force for good through experiential learning, international education, and the school's strong ties to the dynamic Twin Cities business community.
With 13 degree programs that are ranked consistently among the world's best, the school offers bachelor's, master's, and doctoral degrees, as well as executive education programs hosted both domestically and abroad. Today, the Carlson School has nearly 60,000 alumni in more than 100 countries.
Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone company is the world's #1 online Bootcamp provider for digital economy skills training. Simplilearn offers access to world-class work-ready training to individuals and businesses around the world. The Bootcamps are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or/and business goals.
For more information, please visit www.simplilearn.com/
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This book describes the techniques used for interfacing a PC to a range of medical equipment used internationally in the areas of anesthesia, intensive care, surgery, respiratory medicine and physiology. The first part of the book addresses serial interface, including the RS-232 Standard, transmission of data, and an introduction to serial-interface programming using Microsoft QuickBASIC. The second looks at electrical safety, and the use of Kermit and data analysis. Finally, the third part of this volume considers the practical aspects of interfacing a PC to a wide range of equipment and includes example programs for collecting data and in some cases for controlling the equipment directly.
"...a comprehensive text on the methods of serial communication...Students of medicine or computer engineering, researchers, anesthesiologists, respiratory therapists, and anyone involved in critical care monitoring will find this book of immense value...This compilation will prove to be of great assistance to anyone interested in serial connectivity, especially to one of the 10 pieces of equipment specifically covered in the last section. The subject is completely covered from conceptual basics to real implementation. The authors have succeeded in condensing the myriad of references, technical manuals, and other information normally necessary to accomplish this often confusing task." John J. Fino, Jr., Doody's Health Sciences Book Review Journal
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Part I. The Serial Interface:
1. The RS-232 standard
2. Transmission of data
3. Flow control
4. The PC serial interface
5. Serial interface programming in QuickBASIC
Part II. Miscellaneous Topics: 6. Kermit
7. Electrical safety and the PC
8. Data analysis
Part III. The Equipment:
9. The Ohmeda 3700 and 3740 pulse oximeters
10. The Nellcor N-200E pulse oximeter
11. The Novametrix 515A pulse oximeter
12. The Minolta Pulsox-7 pulse oximeter
13. The Datex CardiocapTMII and Capnomac UltimaTM series of monitors
14. The Graseby 3400 syringe pump
15. The Ohmeda 9000 syringe pump
16. The Vitalograph compact II spirometer
17. The Ohmeda 7800 ventilator
18. The Dräger Evita intensive care ventilator
1. ASCII control and graphic characters
2. Serial port connector pin-outs
3. Key codes
4. The null modem
5. Program for a device simulator
6. QuickBASIC 4.5 OPEN and OPEN COM statements
7. Plotting data using GNUPLOT
8. Binary and hexadecimal notation
9. Glossary of terms and abbreviations
Richard W. D. Nickalls, Nottingham City Hospital NHS Trust
R. Ramasubramanian, Burton District Hospital