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Exam Code: P2050-007 Practice exam 2022 by Killexams.com team IBM Optimization Technical Mastery Test v1 IBM Optimization thinking Killexams : IBM Optimization thinking - BingNews
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https://killexams.com/exam_list/IBMKillexams : IBM: A High-Yielding Income Generation Idea Worth A Look
By The Valuentum Team
International Business Machines Corporation (NYSE:IBM) has become a fundamentally different business in the past few years, one focused on providing hybrid cloud computing offerings. The company is a stellar free cash flow generator which enables IBM to reward investors via generous dividend increases, with shares of IBM yielding ~5.1% as of this writing. Substantial near-term headwinds remain, largely due to the various exogenous shocks seen of late (such as major inflationary pressures, rising interest rates, supply chain hurdles, and raging geopolitical tensions), though IBM is still worth considering as a high-yielding income generation idea.
IBM's Key Investment Considerations
IBM solves business problems via integrated hardware/software solutions that leverage IT and its knowledge of business processes. Its solutions help reduce a client's costs or enable new capabilities that generate revenue. The company was founded in 1924 and is headquartered in New York.
Back in 2019, IBM bought Red Hat (a top provider of open source cloud software) through a ~$34 billion deal which made IBM a contending hybrid cloud provider. IBM is looking to seize what it describes as a ~$1 trillion hybrid cloud opportunity, and latest growth in this area has been encouraging. IBM's revamped management team is working hard to turn things around after the company made various blunders during the 2010s decade. Its current Chairman and CEO, Arvind Krishna, has done a solid job righting the ship at IBM since taking on the top role in 2020.
In November 2021, IBM spun off its legacy business tax-free to shareholders as a new publicly traded entity, Kyndryl Holdings, Inc. (KD). Initially, IBM retained a 19.9% stake in Kyndryl though the firm intends to exit that position within 12 months of the spinoff.
On July 18, IBM reported earnings for the second quarter of 2022 that beat both consensus top- and bottom-line estimates. Its GAAP revenues rose by 9% year-over-year to hit $15.5 billion with strong growth at its Red Hat, various consulting services, and hybrid infrastructure offerings being key here. When removing foreign currency headwinds arising from the strong US dollar seen of late from the picture, IBM's non-GAAP constant currency revenues were up 16% year-over-year last quarter. IBM's portfolio optimization efforts are having a very powerful impact on its financial performance.
The firm's GAAP gross margin fell by ~185 basis points year-over-year last quarter, falling down to 55.4%. However, economies of scale helped drive its GAAP income from continuing operations up by 81% year-over-year in the second quarter, rising to $1.5 billion. There is some noise here due to the separation of IBM's legacy businesses (via the spinoff of Kyndryl) from its core operations. Keeping that noise in mind, IBM's underlying operations have performed quite well of late.
During its second quarter earnings call, IBM's management team noted the firm now forecasted that its full-year free cash flows would come in near $10.0 billion in 2022, at the low end of its previous forecast. IBM generated $3.6 billion in free cash flow (defined as net operating cash flow less 'payments for property, plant, and equipment' and 'investment in software') while spending $3.0 billion covering its dividend obligations during the first half of 2022. Its modest share repurchases during this period were related to tax withholding purposes as the new IBM is focused on retaining cash to invest in the business. We appreciate that IBM's dividend obligations remain well-covered by its traditional free cash flows.
The company exited June 2022 with a net debt load of $42.8 billion (inclusive of short-term debt, exclusive of restricted cash). One of the biggest risks to IBM's dividend is its large net debt load. IBM had $7.6 billion in cash, cash equivalents, and current marketable securities on hand at the end of June 2022 which provides the company with ample liquidity to meet its near-term funding needs.
IBM continues to expect that its constant currency revenues will grow decently this year (in the mid-single digit range), though sustained foreign currency headwinds are expected to offset strong demand for its offerings, to a degree. Over the long haul, we forecast that under its new management team, IBM will return to stable revenue growth which in turn should see the company's free cash flows swell higher. That would allow IBM to boost its dividend in a sustainable manner going forward, though we caution that its net debt load could limit the size of any future payout increases.
The Dividend Cushion Ratio Deconstruction, shown in the image up above, reveals the numerator and denominator of the Dividend Cushion ratio. At the core, the larger the numerator, or the healthier a company's balance sheet and future free cash flow generation, relative to the denominator, or a company's cash dividend obligations, the more durable the dividend.
The Dividend Cushion Ratio Deconstruction image puts sources of free cash in the context of financial obligations next to expected cash dividend payments over the next 5 years on a side-by-side comparison. Because the Dividend Cushion ratio and many of its components are forward-looking, our dividend evaluation may change upon subsequent updates as future forecasts are altered to reflect new information.
In the context of the Dividend Cushion ratio, IBM's numerator is smaller than its denominator, which suggests weak forward-looking dividend coverage. However, given IBM's strong and stable cash flow profile, we view its forward-looking dividend coverage favorably when considering IBM's ability to tap capital markets into account. Should IBM stumble for any reason, its ability to make good on its payout may be in danger.
IBM's Economic Profit Analysis
The best measure of a firm's ability to create value for shareholders is expressed by comparing its return on invested capital ['ROIC'] with its weighted average cost of capital ['WACC']. The gap or difference between ROIC and WACC is called the firm's economic profit spread. IBM's 3-year historical return on invested capital (without goodwill) is 41.6%, which is above the estimate of its cost of capital of 9.2%.
In the chart down below, we show the probable path of ROIC in the years ahead based on the estimated volatility of key drivers behind the measure. The solid grey line reflects the most likely outcome, in our opinion, and represents the scenario that results in our fair value estimate. Assuming IBM's latest portfolio optimization efforts go as planned, the firm's ability to generate shareholder value (which historically has been impressive) should continue to improve.
IBM's Cash Flow Valuation Analysis
Our discounted cash flow process values each firm on the basis of the present value of all future free cash flows, net of balance sheet considerations. We think IBM is worth $136 per share with a fair value range of $101-$171 per share. Shares of IBM are trading moderately below our fair value estimate as of this writing.
The near-term operating forecasts used in our enterprise cash flow model, including revenue and earnings, do not differ much from consensus estimates or management guidance. Our model reflects a compound annual revenue growth rate of 3.4% during the next five years, a pace that is higher than the firm's 3-year historical compound annual growth rate of -10.3%.
Our model reflects a 5-year projected average operating margin of 17.6%, which is above IBM's trailing 3-year average. Beyond Year 5, we assume free cash flow will grow at an annual rate of 2% for the next 15 years and 3% in perpetuity. For IBM, we use a 9.2% weighted average cost of capital to discount future free cash flows.
IBM's Margin of Safety Analysis
Although we estimate IBM's fair value at about $136 per share, every company has a range of probable fair values that's created by the uncertainty of key valuation drivers (like future revenue or earnings, for example). After all, if the future were known with certainty, we wouldn't see much volatility in the markets as stocks would trade precisely at their known fair values.
In the graphic up above, we show this probable range of fair values for IBM. We think the firm is attractive below $101 per share (the green line), but quite expensive above $171 per share (the red line). The prices that fall along the yellow line, which includes our fair value estimate, represent a reasonable valuation for the firm, in our opinion.
The steady decline in IBM's legacy business since 2010 represents a major reason why the firm spun off Kyndryl in November 2021. Going forward, IBM will need to prove that as a leaner and more focused enterprise, it can maintain solid revenue and operating income growth over the long haul. We think that will be the case, though substantial near-term headwinds remain. Investors looking for an income generation idea backed up by a strong cash flow profile should take a closer look at IBM.
Tue, 20 Sep 2022 20:10:00 -0500entext/htmlhttps://seekingalpha.com/article/4542216-ibm-stock-high-yielding-income-generation-idea-worth-lookKillexams : IBM’s former CEO downplays the importance of a college degree for six-figure earning ‘new collar’ jobs that now make up half of its workers
A four-year bachelor’s degree has long been the first rung to climbing America’s corporate ladder.
“I really do believe an inclusive diverse workforce is better for your company, it’s good for the business,” Ginni Rometty, former IBM CEO, told Fortune Media CEO Alan Murray during a panel last month for Connect, Fortune’s executive education community. “That’s not just altruistic.”
Under Rometty’s leadership in 2016, tech giant IBM coined the term “new collar jobs” in reference to roles that require a specific set of skills rather than a four-year degree. It’s a personal commitment for Rometty, one that hits close to home for the 40-year IBM veteran.
When Rometty was 16, her father left the family, leaving her mother, who’d never worked outside the home, suddenly in the position to provide.
“She had four children and nothing past high school, and she had to get a job to…get us out of this downward spiral,” Rometty recalled to Murray. “What I saw in that was that my mother had aptitude; she wasn’t dumb, she just didn’t have access, and that forever stayed in my mind.”
When Rometty became CEO in 2012 following the Great Recession, the U.S. unemployment rate hovered around 8%. Despite the influx of applicants, she struggled to find employees who were trained in the particular cybersecurity area she was looking for.
“I realized I couldn’t hire them, so I had to start building them,” she said.
Through P-TECH, Rometty visited “a very poor high school in a bad neighborhood” that received the company’s support, as well as a community college where IBM was offering help with a technology-based curriculum and internships.
“Voilà! These kids could do the work. I didn’t have [applicants with] college degrees, so I learned that propensity to learn is way more important than just having a degree,” Rometty said.
Realizing the students were fully capable of the tasks that IBM needed moved Rometty to return to the drawing board when it came to IBM’s own application process and whom it was reaching. She said that at the time, 95% of job openings at IBM required a four-year degree. As of January 2021, less than half do, and the company is continuously reevaluating its roles.
For the jobs that now no longer require degrees and instead rely on skills and willingness to learn, IBM had always hired Ph.D. holders from the very best Ivy League schools, Rometty told Murray. But data shows that the degree-less hires for the same jobs performed just as well. “They were more loyal, higher retention, and many went on to get college degrees,” she said.
Rometty has since become cochair of OneTen, a civic organization committed to hiring, promoting, and advancing 1 million Black individuals without four-year degrees within the next 10 years.
If college degrees no longer become compulsory for white-collar jobs, many other qualifications—skills that couldn’t be easily taught in a boot camp, apprenticeship program, or in the first month on the job—could die off, too, University of Virginia Darden School of Business professor Sean Martin told Fortunelast year.
“The companies themselves miss out on people that research suggests…might be less entitled, more culturally savvy, more desirous of being there,” Martin said. Rather than pedigree, he added, hiring managers should look for motivation.
That’s certainly the case at IBM. Once the company widened its scope, Rometty said, the propensity to learn quickly became more of an important hiring factor than just a degree.
Sun, 16 Oct 2022 06:27:00 -0500en-UStext/htmlhttps://finance.yahoo.com/news/ibm-former-ceo-downplays-importance-165139880.htmlKillexams : How JPMorgan Chase and other banks plan to use quantum computing
Though quantum computing technology is still new, JPMorgan Chase, Ally Bank, Credit Agricole and other banks are actively testing and in some cases using it, according to speakers at the HPC + AI on Wall Street conference in New York this week.
"We realize that if a company doesn't do anything about the market right now, and just waits for quantum advantage to become a reality, when quantum advantage becomes real, it might be too late," said Marco Pistoia, managing director, distinguished engineer, head of global technology applied research and head of quantum computing at JPMorgan Chase. "We want to be ready when quantum advantage becomes possible on a higher level."
These banks are not attempting to buy and use quantum computers directly. They are using cloud-based quantum-computing-as-a-service offerings from companies like D-Wave, IBM, Google, Amazon, Rigetti, Microsoft and QC Ware. They're testing the advanced computer power for complex problems like portfolio optimization and index tracking.
The banks are seeking improvements in speed, as well as greater precision in simulations and calculations for risk analysis, fraud detection and pricing of complex derivatives.
"Classical computing is reaching its problem-solving and data analytical limits," said Heather West, research manager, infrastructure systems, platforms and technologies at IDC. "As a result, the financial industry, as well as many other industries, is looking for a way to expand compute capabilities. As a result, quantum computing is seen as an industry disruptor. In the financial industry, it's offering a way to solve new problems, it's offering a way to obtain processing speeds that currently aren't available using classical infrastructure, including high-performance computing and supercomputers."
Using quantum computing, "financial institutions will be able to produce better, more accurate predictions and risk assessments in almost-real time," she said.
In a survey of financial institution leaders West conducted in 2021, 25% said they are currently investing in quantum computing technology and 43% said they planned to invest in 2022. The surveyed bankers are experimenting with the use of quantum computing for a wide variety of use cases that include ATM cash allocation, credit scoring, derivative pricing, fraud detection, compliance and transaction settlement.
"While today's quantum computing technology is nascent, it is well suited for experimenting with optimization problems, making this a prime time for financial institutions to begin experimenting and identifying use cases suitable for running on quantum computing systems," West said. Banks should also be developing the quantum algorithms and applications that will be needed to run such problems once quantum systems are scaled to a point where quantum advantage can be achieved, she said.
Quantum computing directly leverages quantum mechanics, the laws of physics that govern the smallest particles in the universe, to solve problems at high speeds. Traditional computers only allow bits of information to live in one state (0 or 1) at a time. A quantum computer uses qubits (quantum bits) that enable bits of information to be a 1, 0 or both 0 and 1 simultaneously. The result is a computation system that can manipulate and assess many combinations of information concurrently.
A quantum computer can cycle through 10 to the 154th power potential answers to a problem in microseconds.
But the technology still has challenges to overcome. McKinsey analysts noted in a latest white paper that manufacturers are still trying to scale the number of qubits in a quantum computer while achieving a sufficient level of qubit quality.
"The most important milestone will be the achievement of fully error-corrected, fault-tolerant quantum computing, without which a quantum computer cannot provide exact, mathematically accurate results," the authors said. "Five manufacturers have announced plans to have fault-tolerant quantum-computing hardware by 2030. If this timeline holds, the industry will likely establish a clear quantum advantage for many use cases by then."
In the same white paper, McKinsey analysts said the most promising use cases for quantum computing in finance are in portfolio and risk management. "For example, efficiently quantum-optimized loan portfolios that focus on collateral could allow lenders to Strengthen their offerings, possibly lowering interest rates and freeing up capital," the authors stated.
"In finance, you have a lot of use cases with exponential complexity," Pistoia said. "As the level of complexity explodes and the data set becomes big enough, classical computing cannot solve that problem anymore."
Another reason the financial industry needs quantum computing is for speed, he said.
"In finance, we need answers right away, because the market is changing so quickly," Pistoia said. "The market is volatile and a computation that takes three days is totally useless. So we need answers right away and we need accurate answers."
The quantum computing research and engineering team at JPMorgan Chase is exploring the use of quantum computing for risk analysis, option pricing, portfolio optimization, fraud detection and merger analysis.
The bank is still in the research phase.
"I think quantum computing is very important," Pistoia said. "It's not yet completely at the stage at which it can be used in production. Quantum computers are not yet powerful enough. When we are in a scientific stage with a certain technology, that's the best moment to actually collaborate with other companies and publish our results and form partnerships so that we can learn from other groups and other groups can learn from us."
Vendors at the conference, even from traditional computer and chip companies like Dell and Intel, also seemed to feel a shift in high-performance computing technology to quantum computing was inevitable and that they felt compelled to invest in quantum technology.
"You don't have a choice," said William Hurley, founder and CEO of quantum computing startup Strangeworks. "It's coming whether you want it to or not."
Thu, 22 Sep 2022 02:57:00 -0500entext/htmlhttps://www.americanbanker.com/news/how-jp-morgan-chase-and-other-banks-plan-to-use-quantum-computingKillexams : IBM Gets a Quant Upgrade, But What do the Charts THINK?
IBM (IBM) was upgraded Friday by TheStreet's Quant Ratings service. Long-time Real Money subscribers have come to learn I like to combine investment approaches. No one investment approach (fundamental, technical, quantitative) is perfect and better results can come from blending or combining different methods.
Let's see what could Strengthen the charts of IBM keeping in mind this quantitative upgrade.
In the daily bar chart of IBM, below, we can see that the shares have moved in a broad sideways trend the past 12 months. The 200-day moving average line has slowly moved up and then down in what could be considered a neutral band.
The On-Balance-Volume (OBV) line has also moved sideways suggesting a balance between buyers and sellers. The Moving Average Convergence Divergence (MACD) oscillator is currently in a bearish alignment below the zero line but the trend of the past year has been sideways.
In the weekly Japanese candlestick chart of IBM, below, we can see a broad sideways trend to trading the past 18 months or so. Trading volume has slowed in the past few months and the weekly OBV line shows a decline from February. So far prices have held relatively steady but that may not continue if weakness in the broader market averages continues.
The MACD oscillator is slightly above the zero line and looks like it will cross the line in the near future.
In this daily Point and Figure chart of IBM, below, we can see a possible downside price target in the $109 area. A trade at $122.47 is needed to refresh the downtrend.
In this second Point and Figure chart of IBM, below, we used weekly price data. Here a price target of $108 is shown.
Bottom-line strategy: IBM could continue to trade in a broad sideways pattern but further weakness cannot be ruled out as weak market conditions can mean that traders sell first and ask questions later.
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IBM continues to spend millions to buy hybrid cloud companies, as the company makes its sixth acquisition in 2022 with Dialexa.
IBM continues to spend millions on buying hybrid cloud companies with the unveiling of its acquisition of engineering consulting specialist Dialexa to boost its cloud charge.
Since IBM CEO Arvind Krishna took the reins in April 2020, IBM has acquired more than 25 companies, including many hybrid cloud businesses.
In February alone, IBM acquired cloud consultant services standout Sentaca, as well as Microsoft Azure consultancy all-star Neudesic—with the two purchases squarely aimed at boosting IBM’s hybrid and multi-cloud services capabilities.
Looking at the Armonk, N.Y.-based company’s purchase of Dialexa, IBM will gain 300 skilled product managers, designers, full-stack engineers and data scientists. Dialexa will become part of IBM’s Consulting business unit, which spearheads the company’s digital product engineering services in the Americas.
“Dialexa’s product engineering expertise, combined with IBM’s hybrid cloud and business transformation offerings, will help our clients turn concepts into differentiated product portfolios that accelerate growth,” said John Granger, senior vice president of IBM Consulting, in a statement.
Krishna:Hybrid Cloud A ‘Competitive Advantage’
Dialexa marks IBM’s sixth purchase in 2022 with the goal of boosting its hybrid cloud and artificial intelligence abilities.
Along with buying Dialexa, Sentaca and Neudesic, IBM has also acquired Randori, an attack surface management cybersecurity specialist that helps protect hybrid cloud environments.
Earlier this year, IBM’s CEO said hybrid cloud and artificial intelligence are top of mind for his company in terms of investment and the future.
“We are integrating technology and expertise—from IBM, our partners and even our competitors—to meet the urgent needs of our clients, who see hybrid cloud and AI as crucial sources of competitive advantage,” Krishna said in March. “And we are ready to be the catalyst of progress for our clients as they pursue the digital transformation of the world’s mission-critical businesses.”
In 2021, IBM’s hybrid cloud revenue jumped 19 percent compared with 2020, comprising 35 percent of its total revenue.
IBM’s Acquisition Of Dialexa
Based in Dallas and Chicago, Dialexa delivers a suite of digital product engineering services to help customers create transformative products to drive business outcomes.
Dialexa’s 300-strong engineers and skilled IT experts advise and create custom digital products for customers, which include Deere & Company, Pizza Hut U.S. and Toyota Motor North America. Financial terms of the Dialexa deal were not disclosed.
IBM said Dialexa provides deep experience delivering end-to-end digital product engineering services consisting of strategy, design, build, launch and optimization services across cloud platforms including Amazon Web Services and Microsoft Azure.
“Digital product engineering represents the tip of the spear for competitive advantage,” said Dialexa CEO Scott Harper in a statement. “IBM and Dialexa’s shared vision for delivering industry-defining digital products could be a game-changer.”
Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at email@example.com.
Fri, 23 Sep 2022 09:04:00 -0500entext/htmlhttps://www.crn.com/news/cloud/ibm-s-cloud-acquisition-charge-continues-with-dialexaKillexams : SAP S/4 HANA upgrades are about process optimization - how CENIBRA used ARIS to map a successful global project
I've bemoaned the lost ERP art of process expertise. But I also encouraged readers to take another look: process management tools have evolved. Today, process mining and analysis tools can make the difference process geeks (like me) always hoped they would.
Recently, I got another proof point, via a fascinating SAP S/4HANA upgrade at Brazilian-based CENIBRA, the world's largest producer of bleached short-fiber eucalyptus pulp (a key ingredient in paper and cardboard products).
CENIBRA's massive S/4HANA go-live would not have been possible without the instrumental role of process analysis - in this case, via ARIS from Software AG.
What about the S/4HANA business case?
Via video chat, I got the story from Ronaldo Neves Ribeiro, CIO, Celulose Nipo-Brasileira S.A. (CENIBRA). Start with the S/4HANA business case. In this economy, it's no simple thing to get the green light for a huge, multi-year endeavor like this one, involving 18 parallel projects.
I won't lie to you: I don't like to hear about S/4HANA projects driven by SAP's end-of-maintenance deadlines on older releases. I believe customers need a full business case to ensure a good S/4HANA result, not just end-of-maintenance. Good news - Ribeiro's team clearly had that. Motivating factors for the S/4HANA move included:
Establish SAP standards across CENIBRA and CNBLog (CENIBRA's logistics arm), to save time and money
Process clarity, to ensure supply chain management accuracy in a complex market
The need to establish a single source of data truth
The need for greater alignment between business and IT
Demand for control and security - for CENIBRA's mission-critical forestry process cycle
A promising list - and it doesn't end there. In his presentation, Ribeiro told me that CENIBRA's SAP server infrastructure was obsolete - "Its update guarantees more performance for CENIBRA's ERP systems." Strong S/4HANA business case? Check that box. But when your company has an annual production capacity of 1.2 million tons, and exports 98% of its pulp to Asia, Europe and North America, you better get your project right.
A global SAP project faces a pandemic twist
This was a multi-year push: 2017/2018 was about building the business case and getting board/shareholder approval. Ribeiro's team also used SAP Enterprise Support Services to determine the project's technical scope, including the customization volume. 2019 moved into the discovery phase, covering everything from user training to the initial ARIS process maps. In May of 2021, the entire project went live. As Ribeiro told me:
I'd like to show you the benefits we achieved during this project: we improved our processing time after the project; we implemented mobility for SAP - we didn't have this in the past. We contributed to our future sustainability, because we have seen automation and performance improvements.
Ribeiro's team faced a huge pandemic curveball. As he told me:
We did this project completely remotely - it was a huge challenge. I believe it was the first global S/4HANA project in the world that was completely implemented using the home office.
No surprise - Microsoft Teams sessions got heavy use. Ribeiro's team did something I've never heard of before. They switched midstream from a waterfall to an agile methodology:
This amount of projects is very difficult to manage in the home office; it was our first experience managing a project completely using remotes. We had to change our way to manage this project. The methodology was waterfall; we needed to change to Agile during the project. I was never [physically] present with the manager of IBM, the integrator that supported us... We have a lot of lessons learned that we can share.
Process mapping with ARIS - into S/4HANA
But how did process analysis factor in? ARIS was integral from the beginning of the project. Ribeiro explains:
In 2018, we did our "discover" phase... That's the point we need to discuss here, because this point is very important to us. It was necessary to redraw our process using the [ARIS tool]. Software AG supported us here, to do the new process drawing of our complete process - every process that's on SAP now, along with the new version... We had the support of SAP and IBM too.
With other tools, it was impossible to connect our various SAP systems - it was like our data was walled off. Now, with ARIS, we have access to all our tools and systems and can use that clear view to standardize and Strengthen our process landscape.
CENIBRA has now mapped and managed the entire forest process cycle within ARIS. 455 process flows have been designed across IT and corporate governance. 140 users are involved in process design and improvement. A team of analysts continues to focus on process improvement and infrastructure management.
On ROI - and the evolution of automation
You know me - I'm always looking for project ROI. I've already covered some results, but there is more. Processing times for a number of core areas have reduced significantly, including major reductions in accounting close and payroll processing.
What really struck me was how Ribeiro's team is modeling their future state from an SAP roadmap, "The evolution of intelligent automation in the S/4HANA cloud." The whole point of SAP's approach here? Help customers deal with converging pressure points, from sourcing the best possible suppliers to shorter product lead times.
SAP charts out the evolution of automation, from digital to intelligent to autonomous. "Autonomous automation" is an ambitious state. It's not something that can happen in a year or two - or even three. But it's good to look beyond internal benchmarks (Note: I don't have permission to share this slide at presstime, but if I can add it later as a reference, I will).
The wrap - on cloud, sustainability and lessons learned
It's worth noting: this was not an S/4HANA cloud project. Ribeiro told me they looked at cloud options, but at the time of project launch in 2019, the cloud connectivity in their region was not reliable enough. However, cloud-based operations is definitely part of CENIBRA's future state. Work with ARIS continues as well - the next step? Rolling out a business process platform across all other systems. Digitalizing the company's remaining manual processes is already underway.
Looking ahead, meeting sustainability commitments will be a core ARIS use case. For CENIBRA, responsible supply chain management is everything. Efficient logistics can eliminate waste, but it's process transparency that makes sustainability possible, via guidelines for ethical suppliers - and ESG compliance. That includes complete traceability of all the wood used in CENIBRA's pulp production. A central process repository makes KPI monitoring of these sustainability goals a reality. Looking back, Ribeiro says that training and user education was key:
We did some assessments with SAP that were very important to us, because the assessments showed us the direction. Then we could train the key users and analysts. SAP consulting supported us throughout the project.
Lessons learned? Plenty, some of them surprising:
Remote meetings were surprisingly effective - no limits on physical resources, or the number of people in a meeting, increased meeting productivity.
Time-consuming travel time was converted into working hours.
Agile methodology in the realization phase proved successful.
Daily project view management for users was important - in this case, via Power BI.
Daily performance monitoring and follow up was the right discipline.
But to make daily monitoring effective, the process maps needed to be in place:
It's very important - update the process design beforehand. That's where Software AG supported us - it was very important to have that support.
Weekly meetings with SAP, IBM, and CENIBRA also proved important. Ribeiro acknowledged: it's not easy to handle design and profiling activities remotely. Building trust is more challenging remotely as well, when you cannot be face to face. But CENIBRA pulled it off - and has the results to show for it. Where this ambitious project goes next may be the most interesting chapter of all.
Tue, 27 Sep 2022 12:00:00 -0500BRAINSUMentext/htmlhttps://diginomica.com/sap-s4-hana-upgrades-are-about-process-optimization-how-cenibra-used-aris-map-successful-globalKillexams : Lenovo Think Report Reveals Barriers to Critical Thinking and How Technology Can Empower Progress for a Better World
RESEARCH PARK TRIANGLE, N.C.--(BUSINESS WIRE)--Oct 5, 2022--
To take a critical look at how today’s societal challenges have affected global productivity and attitudes, Lenovo today releases its first-ever Think Report. This report identifies a compromised way of thinking in today’s world, with global respondents claiming a loss of roughly two hours per day in productivity due to their inability to think purposefully, primarily because of burnout, stress and mental fatigue they have experienced from the tremendous societal changes in the past two years.
Lenovo Think Report 2022: The State of Thinking Today and Into the Future (Photo: Business Wire)
This timely report – which surveyed 5,700+ people across the US, UK, Germany and Japan – comes on the heels of the 30 th anniversary of Lenovo ThinkPad. The insights look to educate people in the workforce on the importance of “real thinking,” and will enable those to use technology more intelligently, collaboratively -- and less intrusively, in a way that isn’t distracting to living life and thriving.
“It is eye-opening to see that people globally feel that societal progress is in jeopardy because of a lack of real thinking. 80% of those surveyed believe that we, as a society, need to develop a new revolution in thinking,” commented Emily Ketchen, VP and CMO of Intelligent Devices Group, Lenovo. “As we celebrate ThinkPad’s 30 th anniversary, it’s a pivotal time to re-evaluate how human-centered technology can catalyze better thinking in all aspects of our lives – from home to work to school and more.”
The Thinking Gap
Respondents largely feel that the external events of the last few years (e.g., COVID-19, economic disruptions, etc.) are contributing to and exacerbating distractions, heightened multitasking and fatigue, which further impairs the quality of their thinking.
Across all respondents, just 34% say they spend "all" or "most" of their thinking time in clear, deep, and productive thinking.
75% of IT Decision Makers globally say that their colleagues struggle “a great deal” or “somewhat” with engaging in clear and productive thinking.
64% of those surveyed feel that they are reliant on practical or “survival” thinking and the ability to think quickly and multitask is “extremely” or “very important” – thus, resulting in a lack of innovative and actionable thinking that can impact advancements.
In tandem, most respondents feel the situation is not improving – projecting that their lives will not get any easier or any less stressful over the next several years.
The Power of Thinking
Across the globe, while broad segments of respondents said they are struggling to achieve better thinking today, respondents have positive associations with improved thinking and understand the benefits that come with unlocking higher-order thinking.
65% of respondents believe that engaging in clear, deep, productive thinking will help them make better decisions.
79% of those surveyed in the U.S. consider critical thinking “extreme” or “very important.”
While people recognize the power of improved thinking, productive thinking times vary greatly depending on the region, and don’t always align with the traditional “9-to-5” workday.
37% of Americans surveyed and 24% of respondents in the UK prefer late nights or early mornings.
25% of Japanese respondents favor mid-morning. On the other hand, 35% of Germans think more clearly in the evenings.
Across the board, those surveyed believe the #1 must-have for better thinking is a quiet environment – and respondents in the US, UK and Germany expressed noise-cancelling technologies are most valued to help with deeper thinking.
Better Thinking Empowered by Technology
Based on the research, evolutions in communication and collaboration technologies are considered as the most helpful features in promoting better thinking. In addition, learning how to use technology more purposefully – including setting some boundaries, limiting distractions and decreasing clutter of information – can help us build better thinking habits.
66% of Business End Users surveyed are looking for information on how technology can help with clear, deep and productive thinking. They are also more willing than the general population to consider re-evaluating their relationship with technology. For example, many feel that simplifying tasks could help individuals achieve better thinking.
40% of respondents in Germany would learn how to use technology more purposefully.
39% of respondents in the U.S. would set boundaries around their technology usage. For example, setting time aside to play an instrument or exercise.
Overwhelmingly, IT Decision Makers surveyed feel optimistic about the technology their coworkers have access to and how it enables clear thinking for employees and organizations. Whether it’s crunch time to meet deadlines, a need for business minds to come together, or the opportunity to invent – more than 60% of those surveyed think that technology helps individuals engage in critical, reflective, collaborative, expansive/exploratory and/or new types of thinking.
Thinking for Humanity
Overall, respondents believe that improved thinking has the potential to leave long-lasting impacts. A majority of those surveyed agree that better thinking would increase our collective humanity and we would be closer to solving challenges facing humanity and society for future generations to come.
62% in the US, 54% in the UK and 52% in Germany say that our society would be kinder if we engaged in more clear, deep and productive thinking.
Fieldwork for this study was conducted via an online survey of 5,768 respondents from July 4 to 24, 2022. The survey demo was comprised of a combination of Gen Pop, BEUs 1, and ITDMs 2 from the markets of U.S., U.K., Germany, and Germany. The margin of error for individual market samples of Gen Pop respondents is +/- 3.
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1 Gen Z / Millennials who use technology in their profession
KEYWORD: NORTH CAROLINA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HARDWARE OTHER PROFESSIONAL SERVICES TECHNOLOGY HUMAN RESOURCES GENERATION X BUSINESS PROFESSIONAL SERVICES WOMEN BABY BOOMERS MILLENNIALS MEN SOFTWARE NETWORKS CONSUMER DATA ANALYTICS
Copyright Business Wire 2022.
PUB: 10/05/2022 08:00 AM/DISC: 10/05/2022 08:03 AM
Wed, 05 Oct 2022 00:03:00 -0500entext/htmlhttps://www.eagletribune.com/region/lenovo-think-report-reveals-barriers-to-critical-thinking-and-how-technology-can-empower-progress-for/article_02212596-f9db-5475-9fc6-221500fc56e8.htmlKillexams : IBM Acquires Dialexa to Speed Digital Innovation
Dialexa's leading digital product engineering consulting services will enhanceIBM's hybrid cloud and AI capabilities, accelerate growth for clients
ARMONK, N.Y., Sept. 22, 2022 /PRNewswire/ -- IBM (NYSE:IBM) today announced plans to acquire Dialexa, a leading U.S. digital product engineering services firm, to help companies drive innovation and achieve their digital growth agendas. The acquisition is expected to deepen IBM's product engineering expertise and provide end-to-end digital transformation services for clients.
Dialexa will be the sixth acquisition IBM has made in 2022, further bolstering the company's hybrid cloud and AI skills and capabilities. Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 25 companies. Thirteen of those acquisitions, including Dialexa, have been in IBM Consulting. Today's news builds upon IBM Consulting's prior acquisitions, including Neudesic, Sentaca, Nordcloud and Taos.
The acquisition of Dialexa will be IBM Consulting's first in the fast-growing digital product engineering services market, which is estimated to reach $700 billion by 20261. Upon close, Dialexa will join IBM Consulting, spearheading IBM's digital product engineering services presence in the Americas.
"In this digital era, clients are looking for the right mix of high-quality products to build new revenue streams and Strengthen topline growth," said John Granger, Senior Vice President, IBM Consulting. "Dialexa's product engineering expertise, combined with IBM's hybrid cloud and business transformation offerings, will help our clients turn concepts into differentiated product portfolios that accelerate growth."
Founded in 2010, Dialexa delivers a suite of digital product engineering services, helping organizations create transformative products to drive business outcomes. Its multi-disciplinary and highly skilled team of 300 product managers, designers, full-stack engineers and data scientists, based in Dallas and Chicago, advise and create custom, commercial-grade digital products for clients such as Deere & Company, Pizza Hut US, and Toyota Motor North America. Dialexa has deep experience delivering end-to-end digital product engineering services consisting of strategy, design, build, launch, and optimization services across cloud platforms including AWS and Microsoft Azure.
"Digital product engineering represents the tip of the spear for competitive advantage," said Scott Harper, CEO andCo-Founder, Dialexa. "IBM and Dialexa's shared vision for delivering industry-defining digital products could be a game changer. We are thrilled to become part of one of the world's most iconic companies to continue to scale and grow our global client relationships in this rapidly growing market."
"The Dialexa team has been an outstanding partner for us in deepening our product thinking and assisting in our design practice on some of our key digital initiatives. It is rare to find a partner with such a strong combination of great thought partnership and deep execution capabilities," said Chuck Rhoades, Chief Technology Officer, Pizza Hut US. "We're excited about the possibilities of bringing these two companies together."
The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances. Financial details were not disclosed.
About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Thu, 22 Sep 2022 02:50:00 -0500en-UStext/htmlhttps://finance.yahoo.com/news/ibm-acquires-dialexa-speed-digital-143000461.htmlKillexams : Better Buy: IBM Stock vs. 2-Year Treasury Notes
Investors this year increasingly turned away from dividend stocks in favor of the rising yields being offered on bonds. Given that investors can now earn a 4.3% return on a 2-year Treasury note, many prefer that guaranteed return to the risks of putting money into the stock market.
International Business Machines(IBM-1.44%) offers a dividend yield that exceeds that bond return. But with a bear market in progress, are investors better served to take a chance on the cloud stock or to take the 4.3% return at virtually zero risk?
IBM and its dividend
IBM didn't participate in the bull market of the 2010s. The stock dropped as its tech businesses suffered a considerable growth slowdown. In an effort to change that, IBM pivoted into the cloud computing sector aggressively, in part via its $34 billion purchase of Red Hat in 2019. Grand View Research forecasts a compound annual growth rate of 16% through 2030 for the cloud industry. Growth like that could certainly help both IBM and its stock.
Also, IBM spun off its managed infrastructure business into a new public company, Kyndryl. This business was less of a fit with the parent company amid its pivot to the cloud. Separating it off should make it easier for IBM to grow its revenue.
Time will tell if these moves can help the stock price recover. Nonetheless, IBM currently pays its shareholders $1.65 per share every quarter, or $6.60 per share annually. At the current stock price, that adds up to a yield of 5.6% per year. Moreover, depending on your financial situation, the IRS may tax your dividends at a lower capital gains rate, which can offer an added advantage.
Additionally, IBM hiked its payout annually for 27 consecutive years, making it a Dividend Aristocrat. That status carries some importance as many income investors will be more inclined to buy and hold IBM stock because of this status. Also, since abandoning Dividend Aristocrat status tends to hurt a stock, management will probably prioritize maintaining it by continuing to raise those payouts.
Investors also can also reinvest their dividend payments into more IBM stock. However, such newly purchased shares will pay you the dividend yield at that time. The return will rise if the stock falls since investors can buy the exact cash return at a lower price. Conversely, cash yields will drop if the stock rises, but those investors still benefit since the stock has increased in value.
What to know about 2-year Treasury notes
U.S. Treasury notes offer more stability than stocks such as IBM. Investors who purchase the 2-year Treasury note receive semiannual interest payments. At the current interest rate of 4.3%, investors will receive a 2.15% cash return on their invested amount in each of the subsequent three six-month periods. In the fourth period, when the note matures, investors receive the final 2.15% payment along with the return of their principal.
Investors should also be aware that bond values can fluctuate. If interest rates drop, the value of the bond will fall; the opposite will happen if rates rise. This affects investors if they decide to sell the bond early. Upon maturity, the note will return to its par (or nominal) value.
Additionally, bond interest payments are subject to federal income tax but exempt from state and local taxes. In some cases, this is higher than taxes on dividends. Still, bond issuers are obligated to make such payments. In contrast, IBM faces no legal obligation to continue its dividend.
Also, like with a stock, investors can reinvest their interest payments into more notes or other forms of Treasury bonds. However, those purchases will be subject to the prevailing interest rates at that time.
IBM or the 2-year Treasury note?
Investors who lack much risk tolerance should choose the Treasury note. Given its guaranteed return, they will not have to worry about volatility.
Nonetheless, for investors comfortable with buying stocks, IBM is a surprisingly strong buy. The cloud industry is in growth mode, which should propel IBM stock to a long-awaited turnaround. Moreover, IBM has repeatedly shown it wants to hold on to its Dividend Aristocrat status. This should supply its income investors returns that are not only larger than the bonds offer, but also likely to increase in size.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Fri, 14 Oct 2022 00:20:00 -0500Will Healyentext/htmlhttps://www.fool.com/investing/2022/10/14/better-buy-ibm-stock-vs-2-year-treasury-note/Killexams : IBM Acquires Dialexa
IBM (NYSE:IBM) acquired Dialexa, a Dallas TX and Chicago, IL-based digital product engineering services firm.
The amount of the deal was not disclosed. The transaction is expected to close in the fourth quarter of this year and is subject to customary closing conditions and regulatory clearances.
The acquisition is expected to enhance IBM’s product engineering expertise and provide end-to-end digital transformation services for clients. Upon close, Dialexa will join IBM Consulting, strengthening IBM’s digital product engineering services presence in the Americas.
Founded in 2010 and led by CEO Scott Harper, Dialexa delivers a suite of digital product engineering services, enabling organizations to create new products to drive business outcomes. The company has deep experience delivering end-to-end digital product engineering services consisting of strategy, design, build, launch, and optimization services across cloud platforms including AWS and Microsoft Azure. Its team of 300 product managers, designers, full-stack engineers and data scientists, based in Dallas and Chicago, advise and create custom, commercial-grade digital products for clients such as Deere & Company, Pizza Hut US, and Toyota Motor North America.