IBM added that the company continues to 'gain momentum' in the generative AI business, with one-fifth of the AI business coming from Software, and the remaining from Consulting.
In an exclusive interview with Moneycontrol, Nickle LaMoreaux, IBM’s Chief Human Resources Officer, said AI will only automate certain tasks and not replace employees at Big Blue, helping them focus on work that lets them move up the value chain.
An AI engine which recommends the next shoe to buy and an AI engine that's going to decide whether or not you could get a loan don’t have the same risk profile, he said.
The chairman and CEO of IBM further said India is poised to ride the AI wave successfully, after BPO and IT services
Apptio’s software manages tech budgets worth $450 billion for client companies. Gupta and his team will continue to operate as a separate entity within IBM after it announced the acquisition, he said.
The IBM CEO quipped that AI systems are not likely to replace roles like farmers and truck drivers in the near term.
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The IBM CEO said the company has been investing heavily in India where they hire thousands of people, and see no reason to decrease that going forward.
IBM said that it will begin a wind down of its operations in Russia
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We are in a unique moment on the planet. Certainly there is crisis from the healthcare perspective and that led to an economic crisis. But in crisis comes opportunity, said IBM CEO Arvind Krishna while speaking at the NASSCOM Technology and Leadership Forum 2021.
IBM chairman and CEO Arvind Krishna and Tech Mahindra CEO CP Gurnani said 40 percent of the revenue will be driven by Telco & 5G, powered by Hybrid Cloud, while 60 percent of the revenues will be driven by other industries.
The IBM's independent firm -- NewCo -- will focus on the management and modernisation of IT infrastructure in every industry around the world. The previously announced separation is expected to occur by the end of 2021.
Shailesh Agarwal, Vice President, Strategy & IBM Cloud Platform, IBM India/South Asia tells Moneycontrol that some talent may have to be brought in from outside while some may require re-skilling as the company adopts a new model. The salesforce will require much more technical depth upfront now, he says.
Conglomerates thrive on using their cash cows to fund new growth areas but every strategy has its limits
The company will stop offering facial recognition software and oppose any use of such technology for purposes of mass surveillance and racial profiling, Krishna said.
Howard Boville, former Bank of America executive, will oversee IBM cloud.