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Killexams : IBM Business questions - BingNews https://killexams.com/pass4sure/exam-detail/P9560-043 Search results Killexams : IBM Business questions - BingNews https://killexams.com/pass4sure/exam-detail/P9560-043 https://killexams.com/exam_list/IBM Killexams : 3 CFO tips for finding value in cloud transformation: IBM

Dive Brief:

  • A CFO assessing the payoff from a shift to cloud computing should consider gauging savings in security and compliance and the gains from accelerated launch of new capabilities, as well as multi-year measurement of return on investment (ROI) from reducing reliance on on-premises computing, IBM Cloud CTO Hillery Hunter said.
  • “There’s a growing understanding in the industry that cloud is a set of technologies that are related to speed of development, agility of deployments, elasticity, integration of environments,” Hunter said Friday in an interview. Seven out of 10 executives managing cloud operations “think it’s difficult to realize the full potential of digital transformation without having hybrid cloud” blending on- and off-premises computing, she said, citing an IBM survey.    
  • Three out of four executives (77%) say their companies use a hybrid cloud approach, IBM found in its survey of 3,014 executives across 12 countries and 15 industries. Respondents identified security risks, regulatory compliance and technological complexity as the biggest barriers to success.

Dive Insight:

Nearly nine out of 10 businesses (88%) consider themselves advanced in cloud adoption, with just 9% exploring cloud computing at a limited, measured pace and 3% keeping computing in house while evaluating the cloud option, KPMG found in a survey of 1,000 enterprise technology leaders.

Four out of five survey respondents consider their companies’ cloud adoption successful, with two out of three noting improvements in business strategy, KPMG said. At the same time, two out of three respondents say they have yet to see substantial ROI from cloud spending.

In order to increase ROI, “you need to look more holistically, not down at an individual department,” Hunter said.

A CFO should examine the steps between “generating an idea to getting revenue from that idea,” she said, or what she called the “value stream.”

For example, a major airline upgraded its app after identifying ways to Excellerate the experience of a passenger during the day of a flight, she said. It achieved savings, greater efficiency and higher customer satisfaction by streamlining check-in, baggage handling, re-booking and other contact with customers.

Also, a large bank used cloud computing to speed up new product development and approval, cutting costs and gaining an edge on its competitors, Hunter said. A company that focuses hybrid cloud on value streams can be “more elastic, enter new business spaces more quickly, shorten processes, introduce automation.”

At the same time, CFOs can measure ROI in more isolated projects, such as a “lift and shift” of entire applications to the cloud or by packaging software in “containers” that bundle application code with essentials such as configuration files and libraries.

“Containerization” speeds development, improves security and eases the portability of an application to another operating system. It can achieve ROI as high as 300%, Hunter said.

A CFO seeking to measure ROI of cloud migration can track the reduction in time from the conception of a new product to its launch, Hunter said. “That’s a really key metric that we often see as a core consideration because it points to how quickly the business can respond to changing market demands and to competitors.”

“We’ve seen organizations go from only being able to release new functionality every quarter to releasing functionality in days or weeks,” she said.

A CFO can also find ROI by assessing savings on security and compliance, Hunter said.

For example, a shift to the cloud often leads to elimination of “technical debt,” or software imperfections that were tolerated because of an emphasis on rapid deployment, Hunter said. “There’s a lot of technical debt that can be removed when you move to the cloud.”

Fri, 07 Oct 2022 09:17:00 -0500 Jim Tyson en-US text/html https://www.cfodive.com/news/3-cfo-tips-finding-value-cloud-transformation-ibm/633643/
Killexams : I'm BCG's head of talent. Here are 3 qualities all top candidates have — and the one tricky question I like to ask.
  • Amber Grewal is a managing director, partner, and head of global talent at Boston Consulting Group.
  • When considering candidates, she looks for authenticity, an ability to adapt, and strong values.
  • She says interviewing is not about a right or wrong answer — it's about creativity and innovation.

This as-told-to essay is based on a conversation with Amber Grewal, a managing director, partner, and the head of global talent at Boston Consulting Group in San Francisco, California. It has been edited for length and clarity.

My career focus has always been on people — teaching skills, developing new operating models, and building up global hiring-related priorities like recruiting and training. Before BCG, I was the chief talent officer at Intel, supporting their talent strategy and management, and before that, I was the corporate VP of global talent acquisition at IBM. Over the last 20 years, I've held several senior leadership positions at GE and Microsoft, among other companies.

I joined BCG as a lateral hire from my CTO role at Intel. Transitioning to BCG offered me the opportunity to transform our global recruiting organization in a first-of-its-kind role. It's a great honor for me to lead a function that's dedicated to attracting BCG's greatest asset: our people.

As we grow, we're constantly looking for the best and brightest talent across industries, skill sets, and experience levels. For us, it comes down to a combination of attitude and skills.

We receive more than one million applications a year and only 1% of them make the cut. The competition is fierce, and we have high expectations from candidates. Here's what it takes to get a job at BCG.

The top 3 things we look for in a job candidate are: authenticity and honesty, the ability to learn and adapt, and strong values

The best way for someone to demonstrate how they'd succeed at BCG is by sharing concrete examples of the impact they've made in their previous roles or projects. BCGers are inherently curious people, tenacious problem solvers comfortable with ambiguity, open to new and different points of view, and constantly on the quest to learn.

The easiest and most effective way to show curiosity is to ask questions. Good questions can leave a lasting impression on the interviewer. A good question to ask is one that's backed up by your research on the company, about the work you're expected to do, or about potential growth opportunities that demonstrate your ambition.

For consulting roles, we check problem-solving skills through our casework round, but it's important to showcase your aptitude by sharing concrete examples from past work experience or even from your personal life, clearly outlining your approach and the outcome.

Quantifying accomplishments and experience to demonstrate measurable results is the key to standing out in your application and interview

Making your answers to interview questions, your resume, and your cover letter more results-oriented — highlighting outcomes of the projects you've worked on and not just listing tasks — is one way to go about it.

For example, if you helped a team grow their business in your previous role, it's important to quantify the impact by saying that you "supported X% revenue growth."

The most important question we want candidates to reflect on is: 'Why BCG, and why this role?'

What inspires a candidate to join BCG in a particular role — and what they expect out of it — is important information that we as interviewers want to know. This is especially important to understand that the applicant is not applying for any open role, but has a focus and a fair idea of the direction they want to take in the future.

For example, it can be how they see themselves specifically contributing their experience or expertise to a particular role, or what project or aspect of BCG's purpose they connect to and why.

When interviewing candidates, it's not about a right or wrong answer. Instead, I like to look at someone's creativity and innovation.

For example, I may ask, "How would you go about making a built-in coffee maker in a car?" When I ask questions like this, which may seem random and throw the candidate off, I'm looking forward to the approach the interviewee will take. It helps me gauge if the interviewee has a structured thought process, how they behave in an unexpected situation, and if they can look at a problem or situation from a 360-degree lens.

If I could give one piece of advice to someone interviewing at BCG, it would be to be true to yourself — that's your biggest competitive advantage.

Tue, 11 Oct 2022 23:00:00 -0500 en-US text/html https://www.businessinsider.com/head-talent-boston-consulting-group-heres-what-look-for-2022-10
Killexams : IBM: The Most Innovative and Prizewinning Tech Company

Founded in 1911 as a Computing-Tabulating-Recording Company, International Business Machines (IBM) needs to keep its finger on the pulse of the development of information technology not to be ousted by younger tech giants like Google, Microsoft, Apple, and Amazon. With the advent of the internet, IBM needed to widen the spectrum of its products and services to retain its strong position in the tech field. Although the company lost its dominance, having only a 5% market share in 2021, as opposed to 68% shared by Microsoft, Amazon, and Google, it has many spectacular achievements to its credit. IBM holds more patents than any other technology company and takes pride in employees who have earned five Nobel Prizes, four Turing Awards, five National Medals of Technology, and five National Medals of Science. And it had been the top tech company for longer than any of the titans dominating the market now. 

Also called “Big Blue,” IBM indeed has an impressive pedigree. After starting to produce hardware at the beginning of the last century, it thrived in this business for decades and became the leading supplier of mainframe computers worldwide. IBM’s gross income had inexorably grown in the last part of the twentieth century, expanding from $14.450 billion earned in 1975 to $71.940 billion made in 1995. The company’s revenue skyrocketed to the record level of $106.9 billion in 2011, after which it has steadily been declining amidst its transition into new technologies and lines of business. To move with the times and survive the competition from other tech titans, IBM gradually shifted its focus from hardware to software and services. It began to devote more energy and money to cloud-based services and cognitive computing. IBM focuses now on offering primarily network services, application services, cloud services, digital workplace services, business processes and operations, technology consulting services, and AI services. IBM Watson, a cognitive system capable of answering questions posed in natural language, has become the company’s high-visibility offering in the technology field. IBM has a strong faith in Watson, promoting the system as a benevolent digital assistant that would help hospitals, offices, factories, and farms. The company’s white paper referred to Watson as “the future of knowing.”

To see how well IBM has prepared for, what it calls, the new age of understanding, study the statistical data presented below.

Sources: IBM, Wikipedia

 IBM’s Outstanding Achievements

  • In 1891, IBM, then called CTR, invented the computing scale that could show both the weight and the proportionate price of the product simultaneously.
  • In 1888, the company invented the Time Clock, a device that records start and end times for hourly employees. Then, it designed the punch card base data processing machines. IBM is also responsible for inventing the magnetic stripe technology and the Universal Product Code.
  • IBM designed and developed the first smartphone in the world, launching it in November 1992. Designed by IBM and manufactured by Mitsubishi Electric, the device had a touchscreen, a calculator app, email capability, 2 MB RAM, and 2 MB internal storage. There were about 50,000 of these smartphones sold for $899 a unit.
  • IBM also revolutionized the computer industry, inventing DRAM, floppy disk, SQL programming language, ATMs, and hard disk drives.
  • IBM also invented the first personal computer, known as the IBM PC. It was launched in August 1981 and acquired by many companies before PCs were commercialized.
  • Since 1920, IBM has received 151,302 US patents. In 2019, the company received a staggering amount of 9,262 US patents. A year later, IBM beat the record of most US patents received by a business for 27 consecutive years. In 2021, IBM had 1,811 patents granted, while this year it has so far received 492 patents.
  • IBM has long worked with NASA. Although IBM contributed to many missions, the most memorable is landing on the Moon in 1969. IBM’s responsibility was to develop the software and various programs, build computers, and streamline the mission for NASA.
  • One of the fascinating inventions of IBM is the Scanning Tunnelling Microscope developed in 1981 for imaging at the atomic level. Gerd Binnig and Heinrich Rohrer received the Noble Prize in Physics in 1986 for the invention. 
  • IBM developed several chess computers, the most popular of which is Deep Blue. In 1996, Deep Blue beat the chess world champion, Garry Kasparov, who accused IBM of cheating. IBM declined Kasparov’s offer of a rematch. 
  • IBM invented the ASME (The Anatomic and Symbolic Mapper Engine) that offers a 3D interactive avatar of the human body to doctors in real-time, helping them visualize patients’ medical records.
  • Big Blue made LASIK eye surgery mainstream.
  • The company invented the IBM 2990 Blood Cell Separator, designed to harvest white blood cells from blood donors to support patients with leukemia. Later, IBM engineers improved the device, introducing its more sophisticated version, IBM 2997.
  • IBM offers the IBM LinuxONE for cloud computing solutions. This powerful computer system can manage the work of 1000×86 servers simultaneously on a single platform.  

IBM Statistics in 2022

  • Over 90% of credit card transactions are processed by IBM mainframes.
  • About 80% of global retailers use IBM retail solutions in their stores and for online sales.
  • Over 80% of travel reservations are processed through an IBM product.
  • Nearly 97% of banks worldwide use IBM products.
  • There are 245,000 IBM employees worldwide in 2022.
  • IBM employees live in 170 countries.
  • There are 130,000 IBM employees in India.
  • 3,000 researchers are working in IBM’s fifteen laboratories around the world.
  • During the pandemic, between 2020 and 2021, IBM reduced the number of its employees by around 0.24%.
  • Over 29% of IBM managers are women.
  • There are an average of 108 applications per available job position at the company. 
  • Every day, IBM handles 70 billion security events.
  • Every second, it manages 8.18 million security events.
  • Over 27.3 million people use the IBM website every month.
  • The IBM website has a bounce rate of 52.66%.
  • In 2020, IBM’s earnings hit about $73 billion.
  • In 2021, its global revenue diminished by 22%.
  • Almost half of IBM’s revenue is generated in the North American market.
  • IBM bought Red Hat for $33.4 billion.
  • Cognos was purchased by IBM for $4.9 billion in 2008.
  • Big Blue acquired SoftLayer Technologies in 2013 reportedly for $2 billion.
  • To date, IBM has acquired more than 183 companies.

Facts about IBM’s Incumbent CEO, Arvind Krishna

  • Arvind Krishna became IBM’s CEO in 2020, arriving with the mission to reverse the company’s decline. He is expected to create a new line of business that would rediscover IBM’s former glory.
  • Before becoming the company’s CEO, Krishna worked as the Senior Vice President for IBM’s cloud and cognitive software. He developed IBM’s security software business.
  • Krishna was the general manager of IBM Systems and Technology Group’s development and manufacturing organization. He also managed IBM’s acquisition of Red Hat and supervised its synergy with IBM.
  • Krishna is the co-author of 15 patents and has been the editor of IEEE and ACM journals. He has received distinguished alumni awards from IITK and the University of Illinois, where he completed his PhD. His scholarly articles appear in numerous journals.
  • Krishna leads the IBM business unit that provides the cloud and data platform. His responsibilities include IBM Research, IBM Cloud, and IBM’s security and Cognitive Application business.
  • Krishna guides IBM’s overall strategy in core and emerging technologies including AI, quantum computing, blockchain, cloud platform services, data-driven solutions, and nanotechnology.
  • IBM Chairman and CEO Arvind Krishna was paid $17.5 million for 2021, up from $17 million paid in the year before, according to IBM’s 2022 Notice of Annual General Meeting and Proxy Statement.
  • In 2021, IBM’s board approved an annual incentive payment of $2.9 million to Krishna for the 2021 performance, which was 98% of the target.
  • The estimated net worth of Arvind Krishna was about $27.4 million in June 2022. He also owns over 21,803 units of International Business Machines stock worth over $23,629,581.

Source: Fortune

IBM’s Annual Revenue since 2000

Once an unparalleled tech giant, IBM has been struggling for the last decade. It had to adjust to the changing world by selling its low-margin businesses and investing in high-margin ones. To implement its strategies, Big Blue sold IBM WebSphere Commerce to HCL Technologies in 2018 and a part of the Watson Health business at the beginning of this year. Although IBM’s earnings are still high, they do not reach the levels hit between 2006 and 2012. The company’s annual revenue skyrocketed to $106.9 billion in 2011, whereas it was only $57 billion last year. In the second quarter of 2022, IBM’s earnings dropped below expectations. IBM’s falling fortune is reflected in the table below:

IBM’s Annual Revenue since 2000 (in $US Billion)

Year Annual Revenue (in $US Billion)
2000 $88.4
2001 $83.07
2002 $81.19
2003 $89.13
2004 $96.29
2005 $91.13
2006 $91.42
2007 $98.79
2008 $103.63
2009 $95.76
2010 $99.87
2011 $106.92
2012 $104.51
2013 $99.75
2014 $92.8
2015 $81.74
2016 $79.92
2017 $79.14
2018 $79.59
2019 $57.71
2020 $55.18
2021 $57.35
2022 (Q1; Q2) $14.2 billion; $15.5 billion

Source: Statista; IBM

IBM’s Annual Revenue by Segment for 2020-2021

Big Blue has repeatedly changed the segment reporting to reflect its move away from being hardware, software, and service company towards becoming a cognitive solutions and cloud platform company. It changed its segment reporting in 2016, 2019, and 2021. The last change was dictated by IBM’s need to align its segment reporting with its platform-centric approach to hybrid cloud and AI. There are presently six segments in IBM’s business: Technology Services and Cloud Platforms, Infrastructure, Software, Consulting, Financing, and Other. In 2021, IBM’s software segment generated $24.14 billion of its global revenue of $57.35 billion. In 2022 so far, the Software division earned $5.77 billion and $6.2 billion, in the first and second quarters, respectively. The Consulting sector brought the company $4.83 billion in Q1 and $4.8 billion in Q2 of the current year. The revenue earned by the Infrastructure segment amounted to $3.22 billion in the first quarter and $4.0 billion in the second quarter. Revenues generated by IBM’s segments in the last two years are shown in the table below:

IBM’s Annual Revenue by Segment for 2020-2021 (in $US billion)

Segment 2020 2021
Software $22.93 $24.14
Consulting $16.26 $17.84
Infrastructure $14.53 $14.19
Financing $0.98 $0.77
Technology Services and Cloud $25.00 $28.00
Other  $0.49 $0.41

Source: Statista

Worldwide Market Share of Cloud Infrastructure Providers in Q2 2022

In the second quarter of 2022, IBM’s Cloud Infrastructure had only a 4% share of the worldwide market, lagging behind Amazon, Azure, and Google Cloud. The spending on global cloud infrastructure services soared to $55 billion and thus brought the industry’s total for the twelve months to more than $203.5 billion. Outshining IBM, Amazon and Microsoft together accounted for more than half of cloud infrastructure revenues in the three months that ended on June 30.

These figures show how much Big Blue fell from grace because, in the past, it used to enjoy the leading position. In 2017, IBM reported cloud revenue growth of 33% year-over-year in its first quarter earnings. In that quarter, its cloud revenue jumped to $3.5 billion. IBM’s total cloud revenue over the past 12 months that year hit $41.6 billion and catapulted IBM to the top of the list in the field of enterprise cloud.  In the first quarter of 2017, today’s winners were obliged only to trail behind with lower earnings: Microsoft with $14 billion, Amazon with $12.20 billion, and Google with $10 billion. The latest market share of the main providers of cloud infrastructure can be seen in the table below:

Worldwide Market Share of Cloud Infrastructure Providers in Q2 2022

Company Market Share
AWS 34%
Azure 21%
Google Cloud 10%
Alibaba Cloud 5%
IBM Cloud 4%
Salesforce 3%
Tencent Cloud 3%
Oracle Cloud 2%

Sources: Statista, IBM

IBM’s Annual Net Income since 2009

Net income is defined as a company’s net profit or loss after it has accounted for all its revenues, income items, and expenses. IBM’s net income for the quarter ending on June 30, 2022, was $1.292 billion, which constituted a 5.06% jump year-over-year. The company’s net profit for the 12 months ending on June 30, 2022, was $5.588 billion, demonstrating an increase of 4.76% year-over-year. Last year, IBM’s annual net income reached $5.743 billion, a 2.74% surge from 2020. The first year of the pandemic brought IBM a net income of $5.59 billion, which was a whopping 40.73% drop from 2019. In 2019, IBM’s annual net profit was $9.431 billion, an 8.05% advance from 2018. The uneven trajectory of IBM’s annual net income is drawn in the table below:

IBM’s Annual Net Income since 2009 (in $US Billion)

Year Net Income in $US Billion
2009 $13.425
2010 $14.833
2011 $15.855
2012 $16.604
2013 $16.483
2014 $12.022
2015 $13.190
2016 $11.872
2017 $5.753
2018 $8.728
2019 $9.431
2020 -$5.590
2021 $5.743

IBM’s Number of Employees Worldwide from 2000 to 2022

IBM is the fifth largest employer in the United States. In 2021, the company employed 282,000 people worldwide. This year, the number of people working for Big Blue dipped to 245,000. As the company has lately been struggling, experiencing drops in its revenues, it is trying to restructure its business and be on par with such tech giants as Amazon, Microsoft, Google, and Apple. Hence the decline in the number of its employees this year. The table below shows how the number of IBM’s employees has changed over the years:

IBM’s Number of Employees Worldwide from 2000 to 2022 (in 1,000s) 

Year Number of Employees (in 1,000s)
2000 316.3
2001 319.88
2002 315.89
2003 319.27
2004 329
2005 329.37
2006 355.77
2007 386.56
2008 398.46
2009 399.41
2010 426.75
2011 433.36
2012 434.25
2013 431.21
2014 379.59
2015 377.76
2016 380.3
2017 366.6
2018 350.6
2019 352.6
2020 345.9
2021 282.1
2022 245

Source: Statista

Conclusion

As the world is facing a probable recession, analysts believe that the enterprise tech sector will still continue going strong. People who are tech-savvy will turn to IBM in these unpleasant times to help them survive in a tighter economic environment and use the company’s software, consulting, and infrastructure to work productively during an economic decline. Big Blue can definitely provide the products and services people will need in the near future. IBM’s Q2 2022 results signify that technology spending in such spheres as AI, cloud, automation and networking is steady. The company beat anticipated results in the second quarter and boasted its first double-digit quarterly revenue growth in more than a decade. Automatic calculations conducted at Coinpriceforecast.com inspire faith in the company’s future and the cost of its stock. At the beginning of the year, IBM’s stock price was $116.92. At the time of writing, IBM is trading at $118.81, thus demonstrating a 2% jump from January 2022. Coinpriceforecast.com foresees that by Christmas, IBM will surge to $138. In the first half of 2023, the price of the stock might advance to $145 and end the next year at $155, adding 30% to today’s price. Whether or not these predictions prove to be correct, IBM will surely continue pushing technology and innovation forward, as it has spectacularly done since the beginning of the twentieth century.

Mon, 10 Oct 2022 00:38:00 -0500 Daniel Shvartsman en-US text/html https://www.investing.com/academy/statistics/ibm-facts/
Killexams : IBM CEO to partners: "We need your help to win new clients"

Under Arvind Krishna’s watch, IBM has decreased the number of direct customers from about 5,000 in 2020 to about 400, the CEO told a crowd Monday. And the tech giant plans to leave potential new clients to partners.

“I want to increase the number of clients, also, not just wallet share,” Krishna said. “That means that we need your help. We are not going to go there directly at all.”

The CEO of IBM discussed his company’s investment in partners, the integration of subsidiary Red Hat, encouraged partners to raise their prices given the inflationary economic environment and even weighed in on chipmaker Broadcom‘s pending acquisition of cloud vendor VMware at CRN US parent The Channel Company’s 2022 XChange Best of Breed (BoB) conference in Atlanta.

Krishna was on stage responding to questions from The Channel Company Founding Partner Robert Faletra and CRN Executive Editor of News Steven Burke.

Earlier this month, IBM announced that it had absorbed storage technology and teams from its Red Hat business to combine them with IBM’s own storage business unit as a way to help clients take advantage of the two without requiring extra integration or having to deal with multiple sales teams.

Red Hat’s autonomy within IBM has been essential to its position as an open source software vendor. Krishna clarified Monday that the Red Hat brand will stay in areas where it has a stronger brand than IBM. For storage, “maybe we already have a storage channel, which Red Hat kind of didn’t,” Krishna said.

He said IBM gave Red Hat more security and management capabilities after its acquisition in 2019. Partners can expect more integration between Red Hat and IBM in areas involving Linux.

“So if you can take maybe 50,000 Linux servers and consolidate them using OpenShift on LinuxOne, maybe that‘s a play to be made,” Krishna said. “There’s a few clients who have woken up to that and are doing it right now. So I think that’s going to be a really big play you’re going to see.”

During his talk, Krishna encouraged partners to explore more opportunities in IBM’s artificial intelligence operations (AIOps) offerings, including Turbonomic, Watson AIOps and Instana.

Customers will continue to spend on automation tools, he said.

“The ability to go into an enterprise and tell them, ‘Look, we can do things a lot more automated. We can take some cost out. We can do monitoring, and eventually go closed loop on AI’ – which I don‘t think is happening yet,” Krishna said. “I think is a massive opportunity given the current labor market.”

IBM’s security offerings, as well as Red Hat and containerization offerings, are also areas for partners to invest in, Krishna said.

As for Broadcom and VMware, Krishna said that VMware remains an important partner for his company. And as long as VMware keeps investing in its products, it should remain “a strong franchise.”

“I think it’ll come down to what is going to happen in 2023 and 2024,” Krishna said. “As long as they keep innovating on the products, they keep giving more function back to their clients – it’s a strong franchise. That falls away, then that‘s a different question. But I think the virtualisation world likes those products. Now it’s up to them to keep innovating.”

Krishna also told partners they should raise prices to cover the growing cost of labour with such high inflation in the U.S.

“From our conversations with clients, I would tell you that nobody loves it, but they all understand,” he said. “Because most of our clients are doing the same out to their clients. … Pricing power comes down to something simple. Is the product highly valuable and is it sticky? … In a world of fewer skills, if you have the skills, you can price those skills.”

This article originally appeared at crn.com

Mon, 10 Oct 2022 13:54:00 -0500 text/html https://www.crn.com.au/news/ibm-ceo-to-partners-we-need-your-help-to-win-new-clients-586306
Killexams : Climate risks are a major business threat – here’s how AI can help

Content provided by IBM and TNW. 

When Hurricane Harvey struck southeast Texas in 2017, it caused $125 billion in economic damages. A recent assessment of local businesses in the area found that 90% lost revenue in the five figure range due to employee disruptions, lower customer demand, utility outages, and/or supply chain issues. Those that suffered property damage experienced compounded losses with parts of the business being shuttered for weeks and months at a time until repairs could be made.

Since 2017 there’s been an average of 17.8 weather/climate disaster events per year in the US alone. In fact, just in 2022, there have been 9 weather/climate disaster events with losses exceeding $1 billion each.

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Rising temperatures, floods, droughts, wildfires and other offshoots of climate change present major challenges to economies and communities around the world. As a result, businesses are feeling the pressure to adopt new strategies to reduce their carbon footprint in the long term. But many have yet to prepare themselves for the impact that climate change can and will have on their operations.

Many companies are already feeling the heat, experiencing climate-related damage to their assets, and disruptions to supply chains. According to a exact report from the World Economic Forum, global heat waves and other extreme weather conditions could also cause a spike in the cost of raw materials for production, which would inevitably present huge revenue losses across sectors.

With such a high risk the question is, why have so few businesses prepared for the potential effects of climate change?

The complicated world of climate data

While an overwhelming majority of businesses have plans in place for cyberattacks and Covid-19, the World Economic Forum’s Global Risks Report 2021 found that extreme weather, climate action failure, and human-led environmental damage are in fact the top three most likely risks for businesses over the next ten years. Yet, many still don’t have clear strategies and risk analyses in place to guide decision-making.

“One of the major challenges for general business operations is that companies are still getting familiar with the many variables involved in collecting climate data,” says Miguel Modestino, an Associate Professor and Director of the Sustainable Engineering Initiative at New York University’s Tandon School of Engineering.

Indeed, tracking climate data requires historical weather data, sensors, intensive manual labor, computing power, as well as internal climate and data science skills. Even if you can capture this data, the problem then lies in being able to combine and compare all of the different variables to create one big picture of what’s happening on the ground.

Geospatial analysis is key to unlocking the potential of climate data.

According to Hendrik Hamann, Chief Scientist for Future of Climate at IBM:

In order to understand the economic damage of a flood, for example, one has to combine flood risk information with road and elevation information, or many other sets of information in order to understand its overall impact on business.

Once you capture climate data, the next challenge lies in understanding how to extract valuable insights from this information and how to actually apply them to business operations.

An EY study found that only 41% of organizations conduct scenario analysis of climate-related risks. This means that, in the increasingly likely event that a weather-related disaster does occur, many organizations don’t have a clear picture of what the potential risks, costs, and action plan would be. Without this understanding, prevention measures, budgeting, and other essential decision-making becomes a guessing game for business leaders who need to present this information to investors and other stakeholders.

“We’re sitting on this mountain of information, yet we’re only looking at the tip of the iceberg. There’s all of this high value data out there including observations about our planet Earth, but we’re not taking advantage of that to make better decisions,” Hamann explains.

Curbing climate impact with new tech

Geospatial analysis is key to unlocking the potential of climate data – but these insights are based on massive amounts of complex and disparate data types, including satellite, GPS, and historical weather data and imagery. The use of AI and machine learning holds great potential for helping businesses access and analyze these datasets in a way that is more manageable.

“With AI, companies can also develop advanced models that use machine learning to really quickly calculate the environmental impact of a particular set of business operations,” Modestino explains. “Having efficient machine learning models can help optimize their operations to maximize profit while maintaining a particular climate target.”

IBM recently launched its Environmental Intelligence Suite (EIS) which brings together a wide variety of weather, climate, AI and operational technologies into a single software as a service offering that companies can use to better plan for and respond to climate risks.

Map out the potential risks across your business’ operations.

A unique capability within this suite is a geospatial analytics engine developed within IBM Research, which helps provide insights on complex geospatial datasets in a way that can be more easily accessed and combined with broader business technologies and data. This can help companies efficiently understand and analyze geospatial data to predict the risk and potential impact of upcoming climate and weather threats to their business.

“When we think about satellite observations of the earth, we think, ‘how can it be analyzed?’, or ‘how can we understand natural phenomena like tree growth, vegetation growth and how much carbon is being stored in it,” Hamann says. “This is all covered by geospatial analytics.”

For instance, where a utility company has tens of thousands of substations which are used to supply electricity to customers, climate impact might give rise to the following questions: Which of our asset locations are at the biggest risk? How can those sites be prepared to withstand the impact? How will investments be allocated? The ability to analyze geospatial data keeps companies informed about potential risks and prioritizes them while making actionable business decisions.

How to get started

It’s clear that developing clear strategies for extreme weather and climate change is no longer just for a rainy day. They will become key to enabling businesses to function, operate, and even grow.

The first step is to map out the potential risks across your business’ operations, from resource scarcity to the potential for logistics disruptions.

The next step is to consider the potential opportunities. How might changing your sourcing/production/distribution strategies lower your risk for climate change disruptions and boost your bottom line? How might these changes also contribute to your company’s longer-term sustainability strategies?

As it continues to affect populations all over the world, it’s also becoming increasingly clear that a warming planet poses a looming threat to business operations. Advanced technologies and methods, like geospatial analysis, are still in early stages and therefore we expect to see a lot more room for innovation in the coming years.

Tue, 04 Oct 2022 20:48:00 -0500 en text/html https://thenextweb.com/news/climate-risks-major-business-threat-how-ai-can-help
Killexams : IBM CEO Arvind Krishna Says Partners Should Raise Prices, Weighs In On Broadcom-VMware Deal

Cloud News

Wade Tyler Millward

‘From our conversations with clients, I would tell you that nobody loves it [a price increase], but they all understand. Because most of our clients are doing the same out to their clients,’ says IBM CEO Arvind Krishna.

(L-R) The Channel Company Founding Partner Robert Faletra, IBM Chairman and CEO Arvind Krishna and CRN Executive Editor of News Steven Burke.

IBM Chairman and CEO Arvind Krishna encouraged partners to raise prices, weighed in on the pending Broadcom acquisition of VMware and touted his company’s cybersecurity prowess during an event at CRN parent The Channel Company’s 2022 XChange Best of Breed Conference.

“From our conversations with clients, I would tell you that nobody loves it [a price increase], but they all understand,” Krishna told attendees Monday. “Because most of our clients are doing the same out to their clients. … Pricing power comes down to something simple. Is the product highly valuable and is it sticky? … In a world of fewer skills, if you have the skills, you can price those skills.”

Krishna was on stage responding to questions from The Channel Company Founding Partner Robert Faletra and CRN Executive Editor of News Steven Burke. XChange Best of Breed runs Monday to Tuesday in person in Atlanta.

[RELATED: IBM Assimilates Red Hat Storage Technology Into Own Storage Business]

Mark Wyllie, CEO of Boca Raton, Fla.-based IBM partner Flagship Solutions Group, told CRN in an interview that he’s glad to hear IBM plans to continue integrating different parts of the Red Hat business.

Earlier this month, IBM said that it had absorbed storage technology and teams from its Red Hat business to combine them with IBM’s own storage business unit as a way to help customers take advantage of the two without requiring extra integration or having to deal with multiple sales teams.

Wyllie wants to see IBM further integrate Red Hat services into its portfolio to help partners push the services out to existing IBM customers.

“I think that’d be a benefit to us and IBM,” Wyllie said.

As for Broadcom and VMware, Krishna said that VMware remains an important partner for his company. And as long as VMware keeps investing in its products, it should remain “a strong franchise.”

“I think it’ll come down to what is going to happen in 2023 and 2024,” Krishna said. “As long as they keep innovating on the products, they keep giving more function back to their clients—it’s a strong franchise. That falls away, then that’s a different question. But I think the virtualization world likes those products. Now it’s up to them to keep innovating.”

Here’s more of what Krishna had to say during XChange Best of Breed 2022.

Wade Tyler Millward

Wade Tyler Millward is an associate editor covering cloud computing and the channel partner programs of Microsoft, IBM, Red Hat, Oracle, Salesforce, Citrix and other cloud vendors. He can be reached at wmillward@thechannelcompany.com.

Tue, 11 Oct 2022 03:04:00 -0500 en text/html https://www.crn.com/news/cloud/ibm-ceo-arvind-krishna-says-partners-should-raise-prices-weighs-in-on-broadcom-vmware-deal
Killexams : 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.

But the move to prioritize skills over a college education is sweeping through some of America’s largest companies, including Google, EY, Microsoft, and Apple. Strong proponents say the shift helps circumvent a needless barrier to workplace diversity.

“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.

In 2011, IBM launched a corporate social responsibility effort called the Pathways in Technology Early College High School (P-TECH) in Brooklyn. It’s since expanded to 11 states in the U.S. and 28 countries.

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 Fortune last 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.

This story was originally featured on Fortune.com

More from Fortune:

A 2007 flashback: home flippers are in trouble again

Managing Gen Z is like working with people ‘from a different country’

The Renault Nissan empire once held together by fugitive Carlos Ghosn may slowly be unraveling

PayPal tells users it will fine them $2,500 for misinformation, then backtracks immediately

Sun, 16 Oct 2022 06:27:00 -0500 en-US text/html https://finance.yahoo.com/news/ibm-former-ceo-downplays-importance-165139880.html
Killexams : From Chatbots to Predictive Analytics: 6 Ways AI Can Help Your Business

Artificial intelligence, or AI, is one of the most talked about technologies today. And for a good reason – it has the potential to change the way we live and work. In business, there are endless ways that AI can be used to Excellerate efficiency, productivity, and performance. From chatbots that can answer customer questions to predictive analytics that can help you make better decisions, AI has a lot to offer businesses of all sizes. In this blog post, we will explore six ways that AI can help your business succeed!

Chatbots

Chatbots are one of the most popular applications of AI in business. By using natural language processing (NLP), chatbots can understand human conversation and respond in a way that is natural and engaging. This technology can be used to provide customer support, answer questions about your products or services, and even make sales. Chatbots are available 24/seven, which means they can help you increase sales and improve customer satisfaction without requiring additional staff. There are many different platforms that offer chatbot services, such as Dialogflow, IBM Watson, Microsoft Bot Framework, and Amazon Lex. To find the right platform for your business, consider your needs and budget. Small businesses can benefit from chatbots in many ways. For example, a chatbot can be used to answer frequently asked questions, freeing up your customer service team to handle more complex inquiries. Chatbots can also be used to make recommendations, such as products or services that might interest the customer. In addition, chatbots can be used to collect data about your customers. This information can be used to Excellerate your marketing and sales strategies. For example, if you know that a certain type of customer is interested in a certain product, you can target them with personalized messages and offers. Chatbots are an AI technology that small businesses should definitely consider implementing.

Predictive Analytics

Predictive analytics is a type of AI that analyzes data to make predictions about future events. This technology can be used in a variety of different ways, such as identifying trends, detecting risks, and making recommendations. Predictive analytics can be used to Excellerate your marketing efforts. For example, by analyzing customer data, you can identify patterns and trends that can help you target your marketing messages more effectively. You can also use predictive analytics to segment your customers based on their likelihood to purchase certain products or services. In addition, predictive analytics can be used to detect risks before they happen. For example, if you have a large amount of data about your customers, you could use AI to identify which ones are at risk of churning. By detecting these risks early, you can take steps to prevent them from happening. Predictive analytics is a powerful AI technology that all businesses should be using. If you’re not using predictive analytics in your business, now is the time to start.

Virtual Assistants

Virtual assistants are another popular application of AI in business. Virtual assistants, or VAs, are computer programs that can perform tasks such as scheduling appointments, sending emails, and making phone calls. There are many different virtual assistant platforms available, such as Google Assistant, Amazon Alexa, and Apple Siri. To find the right platform for your business, consider your needs and budget. Virtual assistants can be used in a variety of different ways to Excellerate efficiency and productivity in your business. For example, you can use a virtual assistant to schedule meeting rooms, book travel arrangements, or manage your email inbox. Virtual assistants can also be used to handle customer service inquiries or take care of administrative tasks. In addition to improving efficiency, virtual assistants can also help you save money. For example, by using a VA to handle customer service inquiries, you can free up your staff to focus on other tasks. VAs can also be used to automate repetitive tasks that would otherwise need to be done by human employees. If you’re not using virtual assistants in your business, now is the time to start.

Recommendation Engines

Recommendation engines are a type of AI that analyzes data to make recommendations. This technology is commonly used by online businesses, such as eCommerce stores and streaming services. Recommendation engines can be used in a variety of different ways to Excellerate your business. For example, you can use a recommendation engine to suggest products or services to your customers. You can also use recommendation engines to segment your customers based on their interests and preferences. In addition, recommendation engines can be used to improve your marketing efforts. For example, by analyzing customer data, you can identify patterns and trends that can help you target your marketing messages more effectively. You can also use recommendation engines to create personalized messages for your customers.

Text Analysis

Text analysis is a type of AI that analyzes text data to extract information. This technology can be used in a variety of different ways, such as identifying trends, detecting sentiment, and making recommendations. Text analysis can be used to Excellerate your marketing efforts. For example, by analyzing customer reviews, you can identify patterns and trends that can help you target your marketing messages more effectively. You can also use text analysis to create personalized messages for your customers. In addition, text analysis can be used to detect sentiment. For example, if you have a large amount of data about your customers, you could use AI to identify which ones are unhappy with your product or service. By detecting these sentiments early, you can take steps to prevent them from happening. If you’re not using text analysis in your business, now is the time to start.

Website Building and Design

Website building and design is another area where AI can be used to Excellerate your business. In the past, building a website was a time-consuming and expensive process. However, with the advent of AI, you can now build a website in a fraction of the time and cost. In addition to being faster and cheaper, AI Website builder are also more likely to be successful. This is because AI takes into account user experience when designing and building websites. As a result, websites built with AI are more likely to be user-friendly and engaging. If you’re not using AI to build your website, now is the time to start.

AI Predictive Analytics

AI is revolutionizing the way businesses operate. By using AI, you can Excellerate your efficiency, productivity, and bottom line. If you’re not using AI in your business, now is the time to start.

Sun, 09 Oct 2022 19:36:00 -0500 Angela Scott-Briggs en-US text/html https://techbullion.com/from-chatbots-to-predictive-analytics-6-ways-ai-can-help-your-business/
Killexams : When it comes to health care, ‘you can’t take a one-size-fits-all-approach’ © Kristy Walker for Fortune

Creating a healthy business starts with healthy employees—and employers are redefining what it means to take care of their employees and their changing needs coming out of the COVID-19 pandemic. 

“[At Johnson & Johnson], we have the health of the employee front and center, whether that be physical health, whether that be mental health, even financial health and wellness,” said Vanessa Broadhurst, executive vice president of global corporate affairs at Johnson & Johnson. “But when I think about that, I also think about the holistic environment we are trying to create in the workplace.” 

The need for a community prevailed during the pandemic, as more employees relied on their company to guide them through finding reliable health care information than ever before. IBM senior vice president and chief human resources officer Nickle LaMoreaux emphasized that businesses don’t need to be in the health care space to ensure that health is central to their workforce during a panel discussion on Tuesday at Fortune’s Most Powerful Women summit in Laguna Niguel, Calif. 

The responsibility for the employer has shifted over the last few years, and IBM learned that its role was to meet employees where they were at in their personal health journey. “You can’t take a one-size-fits-all approach,” said LaMoreaux. And part of fine-tuning IBM’s approach to providing better quality health care included listening to employee feedback from micro-cultures within their team. 

Like LaMoreaux, LaFawn Davis, senior vice president of environmental, social, and governance at Indeed, believes understanding intersectionality is important to providing benefits that actually work for their employees.

“We cannot look at the workforce as just one big organization. It really has to be tailored towards different demographics and not just individual demographics, but intersections," Davis said. “Normally when I introduce myself, I say I am black. I’m queer. I’m a woman. I am of a mature age. I am a mother of an adult child. And I’m fabulous.

Each layer of her individuality, Davis explained, gives her a different experience of the workforce than other people. And understanding how these experiences make employees feel allows Indeed to create a place where people feel a sense of well-being. 

But employees bear the responsibility of vocalizing these experiences so employers can meet their needs.

“Resource groups are a great voice for change,” Davis said, explaining they allow the employer to ask specific questions about which benefits are working for them, which aren’t, and which are missing from their package. And this open conversation gives the companies greater insight to keep up with the changing health care needs within their workforces.

This story was originally featured on Fortune.com

Wed, 12 Oct 2022 13:55:00 -0500 en-US text/html https://www.msn.com/en-us/health/other/when-it-comes-to-health-care-you-can-t-take-a-one-size-fits-all-approach/ar-AA12TXe1
Killexams : Smart Transportation Market Latest Trends, Industry Size and Future Prospects 2028| IBM, DiDi, IEI, F6S

The MarketWatch News Department was not involved in the creation of this content.

Oct 13, 2022 (Heraldkeepers) -- The Smart Transportation Market research report encompasses a thorough study of the current situation of the global market along with several market dynamics. To formulate this report, detailed analysis has been performed with inputs from industry experts. Depending on the client's demand, a huge amount of business and market-related information has been brought together via this report that eventually helps businesses create better strategies. All of these features are strictly applied while building this Global Smart Transportation Market research report for a client. It gives an explanation about various definitions and segmentation or classifications of the industry, application of the industry, and value chain structure.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived it by segment aggregation, the contribution of the materials and vendor share.

Click Here to obtain and Understand Latest Key Trends on Global Smart Transportation Market:

https://www.infinitybusinessinsights.com/request_sample.php?id=1011985&Mode=AC99

Companies involved in the Global Smart Transportation Market research report are:

IBM, DiDi, IEI, F6S, VIA Technologies, Inc., Intel, LILEE Systems, Uma Technologies

Smart Transportation Market, By Segmentation:

Smart Transportation Market segment by Type:
Ticketing Management System
Parking Management System
Integrated Supervision System
Traffic Management System

Smart Transportation Market segment by Application:
Airways
Roadways
Railways

Geographic Segment Covered in the Report:
The Global Smart Transportation Market growth report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries:-

1. North America (USA and Canada)
2. Europe (UK, Germany, France and the rest of Europe)
3. Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
4. Latin America (Brazil, Mexico, and the rest of Latin America)
5. Middle East and Africa (GCC and rest of the Middle East and Africa)

The Global Smart Transportation Market size report provides answers to the following key questions:

1. Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry? What is economic impact on market?
2. When is the recovery expected from the pandemic?
3. Which segments offer high-growth opportunities in the long run?
4. What are the key outcomes of the five forces analysis of the global market?
5. What are sales, revenue, and price analysis by regions of this market?

Highlights of the Global Smart Transportation Market Report:
Market Development: Comprehensive information about emerging industry. This report analyses for various segments across geographies.
Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the industry.
Market Diversification: Exhaustive information about new launching, untapped geographies, exact developments, and investments in the market.

If you have any query, Ask our analyst for more information: –

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Wed, 12 Oct 2022 22:20:00 -0500 en-US text/html https://www.marketwatch.com/press-release/smart-transportation-market-latest-trends-industry-size-and-future-prospects-2028-ibm-didi-iei-f6s-2022-10-13
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