International Business Machines Corp Stock Price, News & Analysis

IBM (NYSE: IBM) has been recognized as a leader in the IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms 2020 Vendor Assessment. The report, published in October 2020, highlights IBM's Watson portfolio, which provides advanced machine learning capabilities globally. It emphasizes the importance of IBM's Watson in business transformation, particularly in hybrid cloud environments, and notes the value of collaboration between IBM Research and its product offerings. IBM's AI tools are instrumental for organizations navigating changes brought about by the COVID-19 pandemic.

IBM has been recognized as a leader in The Forrester Wave™: Security Analytics Platforms, Q4 2020 report, ranking highest in the current offering category among 11 providers. The report highlights IBM's ability to build an open security platform on the cloud, facilitating faster deployment of new capabilities and reduced management overhead. Key offerings include IBM Security QRadar Advisor with Watson and X-Force threat intelligence. Forrester also commended IBM's global reach, technical support, and innovation in security analytics.

IBM has announced advanced cloud services aimed at enhancing data security with quantum-safe cryptography and Hyper Protect Crypto Services. These offerings are designed to protect sensitive data against future threats posed by quantum computing advancements. Key features include quantum-safe algorithms for data transmission and enhanced encryption for cloud applications. The services are built on FIPS 140-2 Level 4-certified hardware to ensure the highest security standards. IBM emphasizes its commitment to data privacy and security for enterprises, especially in regulated industries.

IBM, in partnership with ASPI Tech and Fincantieri NexTech, has launched a new AI and IoT-based monitoring system for civil infrastructure in Italy. This system, utilizing IBM Maximo, aims to enhance surveillance of over 4,500 structures, including bridges and tunnels. Key features include real-time data updates for civil engineers via mobile devices and advanced technologies like 3D digital modeling and digital twins. The initiative is part of a €60 million investment to improve asset management, efficiency, and safety standards in transportation.

IBM has announced an expansion of its IBM Z skills initiatives with a new nationwide IT Infrastructure apprenticeship accelerator program. This program aims to recruit and train candidates with no prior technology experience for roles such as system administrators and application developers. Partnering with Franklin Apprenticeships and the Urban Institute, IBM will provide clients with a no-charge apprenticeship accelerator, including over 300 hours of virtual training. M&T Bank is the inaugural employer partner, planning to hire 10 apprentices starting in January 2021.

IBM announced the acquisition of Instana, a company specializing in application performance monitoring, to enhance its AI-powered automation capabilities within hybrid cloud environments. This strategic move aims to assist businesses in managing the complexities of modern applications across various cloud settings. The acquisition aligns with IBM's ongoing efforts to strengthen its Hybrid Cloud and AI strategies, although financial terms remain undisclosed. Post-integration, clients will benefit from improved performance insights, enabling faster resolution of IT issues and reducing operational risks.

IBM Watson Health has revealed its 2021 Fortune/IBM Watson Health 50 Top Cardiovascular Hospitals list, highlighting the best U.S. hospitals for inpatient cardiovascular services. The study, which assessed 980 hospitals, showed that the top performers achieved better clinical outcomes at reduced costs. If all Medicare inpatients received care akin to these hospitals, over 7,000 lives could be saved annually, with potential savings of more than $1.6 billion. The list includes hospitals recognized by the American Heart Association for adherence to evidence-based guidelines.

IBM has announced the expansion of its P-TECH education model to 28 countries, with China being the latest addition. This initiative focuses on improving educational equity and career opportunities in underserved communities. The program enables students to earn high school diplomas along with no-cost associate degrees, coupled with workplace experiences such as internships. Currently, over 240 P-TECH schools are operational, supported by almost 200 community colleges and more than 600 industry partners. The model aims to prepare students for high-demand 'new collar' jobs in sectors like cybersecurity and design.