IBM Success Story
IBM Success story Students assume getting a four-year degree and taking on the thousands of student loan debt that comes along with it – is the only way to get your foot in the door at top companies like Apple, Google, and Netflix. International Business Machines Corporation (IBM) is an American multinational technology and consulting company that provides hardware, software, cloud-based services and cognitive computing.
IBM along with Google, Apple and 11 other companies no longer require employees to have a college degree. In 2017, IBM’s vice president of talent Joanna Daley told in an interview that about 15 percent of her company’s U.S. hires don’t have a four-year degree. She said that instead of looking exclusively at candidates who went to college, IBM now looks at candidates who have hands-on experience via a coding boot camp or an industry-related vocational class.
IBM – Company Highlights
- Startup Name-IBM
- Headquarters-Armonk, New York, U.S.
- Sector-Public
- Industry-Cloud computing, Artificial intelligence, Computer hardware, Computer software
- Founders-Charles Ranlett Flint, Thomas Watson Sr
- Founded-June 16, 1911
- CEO-Arvind Krishna (2020-Present)
- Areas served-177 countries
- Website-www.ibm.com
IBM – About and How it works?
International Business Machines Corporation (IBM) is an American multinational technology and consulting company headquartered in Armonk, New York, with more than 350,000 employees serving clients in 177 countries. IBM is a global technology company that provides hardware, software, cloud-based services and cognitive computing.
IBM has been present in India since 1951. Since inception, IBM India has expanded its operations with regional headquarters in Bangalore and offices across 20 cities. IBM India has established itself as one of the leaders in the Indian Information Technology Industry.
IBM – Logo and Meaning
Current IBM logo was designed in 1972 by an iconic American graphic designer Paul Rand. He understood that a distinguishing mark was essential to a company’s success. Distinctive company logotype is the principal mean of distinguishing one product from that of another he observed.
IBM – Founders and Team
Charles Flint and Thomas Watson Sr. are believed to be the founders of IBM.
Charles Flint (Left) & Thomas Watson Sr.(Right) | Co-Founders, IBM
The Computing-Tabulating-Recording Company, the precursor to IBM, was founded on June 16, 1911. At its beginning, it was a merger of three manufacturing businesses, a product of the times orchestrated by the financier, Charles Flint. From these humble beginnings sprang the company that Thomas Watson Sr. molded into a global force in technology, management and culture.
Arvind Krishna (an IIT Kanpur graduate) is Chief Executive Officer of IBM. Arvind Krishna
IBM – History
In 1911, the company was incorporated as the Computing-Tabulating-Recording Company (C-T-R) and manufactured a variety of machinery including industrial time recorders, commercial scales, tabulators, and punch cards.
C-T-R in Thomas Watson’s era.
Three years later, Thomas J. Watson, Sr. joined the company as general manager and set the company on course to become IBM as it’s known today. Soon after being named president, Watson oversaw the shift of the company’s primary product offering to large-scale business computing equipment and transitioned the name to IBM. To catalyze technological innovation, IBM opened the Watson Scientific Computing Laboratory at Columbia University in 1945.
IBM launched 701, the company’s first computer, in 1952 and spent the next two decades dominating the field of mainframe and minicomputers. These machines (specifically the System/360 and 370 families) were capable of unprecedented levels of computing power, so they were widely used by businesses, universities, laboratories, and government offices alike. The dawn of personal computers (PCs) in the 1980s and 90s, however, created dramatic financial losses for IBM.
IBM – Investments
Date Stage Amount Organization Name
May 21, 2020 Corporate Round-we.trade
Mar 9, 2020 Series D $25M Lightbend
Jan 30, 2020 Funding Round $20M Cambridge Quantum Computing
Dec 11, 2019 Series C $35M Digital Asset
Nov 3, 2019 Grant $120K Finclud
IBM – Revenue
IBM revenue for the quarter ending September 30, 2020 was $17.560B, a 2.6% decline year-over-year.
IBM revenue for the twelve months ending September 30, 2020 was $75.030B, a 2.72% decline year-over-year.
Year Annual Revenue Percentage change
IBM – Business Model
IBM is dedicated to innovate and develop in the fields of mainframe, nanotechnology, personal computers to digital data management, virtualization and cloud services. The IBM business model is based around providing software that allows large corporations to connect their disparate software systems and improve their IT performance.
A) Consulting: Expertise on business strategy, Technology, Finance, marketing, operation, supply chain, software, systems hardware, global financing.
B) Application Management Services: It offers application management, support services for packaged software, maintenance, custom and legacy application.
Software Services
The company of IBM is also offering some of the services to the people who need some software assistance as well. There are some operating systems which are provided to the people along with middleware in the best way. The Middleware services that are provided are software layers which will be able to connect all the systems that are provided in the company. There is a standards software platform for the company. These are some services which are provided to the people in the business model of IBM who might need it in the first place to have their solutions for the software related problems.
Global Financing
When it comes to the financing options in the best way, there is simply not a single speck of doubt about the fact that the businesses model of IBM is simply the best option for sure.
ne of the most important reasons why people tend to have so much faith in the business model of IBM. Three key services offered by this segment are client financing, commercial financing re-manufacturing and re-marketing.
IBM – Competitors
IT Services: IBM’s main competitors are Accenture, Hewlett Packard, and Wipro Technologies.
Infrastructure Software: IBM’s biggest competitors are Microsoft, Oracle, and Amazon.
Hardware: IBM mainly competes against Oracle, Dell, and HP.
Global Financing: IBM competes with numerous small players.
IBM – Hires Based on Skills and not College-Degree
As with so many other companies competing for tech talent in a shrinking labor market, IBM is looking for hands-on skill rather than credentials. As more workers continue to pursue self-guided learning, the skills-based model will grow. Boot camp-style immersion programs are gaining momentum across the country.
In the U.S. alone, there are more than 500,000 open jobs in tech- related sectors, according to the U.S. Department of Labor. A recent study by Code.org reports that as many as 1 million programming jobs will be unfilled by 2022.
“I like candidates who have taken the initiative to learn these skills,” she says. For example, she advises that you take a coding boot camp if you want to work online.
“Know about the area that you’re applying for,and have a point of view about what we’re doing,” says the HR executive.
IBM – Growth
IBM’s growth has returned in virtually all segments of the company. In 1995, IBM’s sales reached almost $72 billion, up more than 12 percent from 1994. For this, Gerstner(ex-CEO) and his team deserve great credit. Profitability was also up by 42 percent. And shareholders were richly rewarded: earnings per share rose by 44 percent. Even the mainframe market, the heart of IBM in the 1970s and 1980s that critics pronounced dead in the early 1990s, has recovered, with new mainframe computers bringing in substantial profit margins.
IBM – Future Plans
Arvind Krishna, the chief executive of IBM said that their goal is accelerating their future and growth strategy.
He also said that apart from what will change, it is also important that the company emphasizes on what will not change. Both companies are going to share the same DNA. Namely, a deep understanding of how to apply the power of computing, how to solve complex problems, and how to work with customers to develop solutions that make sense in the context of their industries.
NewCo already serves more than 4,600 clients—including more than 75 percent of the Fortune 100. Its global reach will span 115 countries and include about 90,000 of IBM teammates. NewCo will also have greater freedom to forge partnerships and alliances in the managed infrastructure services space. This will open new avenues for growth. Basically, for both companies, client success will remain their north star.
IBM – FAQ’s
What is IBM famous for?
IBM, in full International Business Machines Corporation, a leading American computer manufacturer, with a major share of the market both in the United States and abroad. Its headquarters are in Armonk, New York.
Is IBM an IT company?
IBM is a multinational technology company from the United States that makes and sells software, computer hardware, infrastructure services, and consulting services. IBM is one of the biggest Information Technology companies in the world.
What is the old name of IBM?
A merger of three 19th-century companies—the Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company of America—creates the Computing-Tabulating-Recording Company (CTR) on June 16, 1911. CTR is the precursor to IBM.
Did IBM make the first computer?
The first IBM PC, formally known as the IBM Model 5150, was based on a 4.77 MHz Intel 8088 microprocessor and used Microsoft´s MS-DOS operating system. The IBM PC revolutionized business computing by becoming the first PC to gain widespread adoption by industry.
What does IBM sell today?
IBM sells IT services, cloud and cognitive offerings, and enterprise systems and software. The Global Technology Services segment is IBM’s biggest revenue source, but Cloud & Cognitive Software is the most profitable. IBM strives to be a leading provider in the hybrid cloud and AI.
Who is the new CEO of IBM?
IBM’s board of directors appointed CEO Arvind Krishna as its chairman, taking over from executive chairman and former chief executive Ginni Rometty.
IBM – Conclusion
Although IBM never fully recovered from its business losses, it is still a leader in the IT industry today. It’s home to the largest industrial research facilities in the world, so it makes sense that IBM is still a powerhouse of large-scale business hardware offerings—specifically mainframe computers, servers, and infrastructure. IBM is also competitive in hosting and consulting services, including Platform-as-a-Service (PaaS), Managed Security Services (MSS), and IoT consulting.