The digital platform transition of many businesses in India has created an astonishing impact during this pandemic. IBM Corp has been witnessing positive growth due to the impact on digital transformation. A steady rise is visible in hybrid cloud revenue. According to the statistics the company’s cloud revenue rises to 34% from 23% from the last quarter and over a year it contributes to more than $23 billion revenue generation. In 2019, IBM has seen “double-digit” for cloud services Artificial Intelligence, Data, and security services.
IBM’s “Cloud Pak Data” platform helps in the data analysis process for the businesses. Artificial Intelligence is highly preferred to forecast sales and demand. The AI integrated with data aids in pattern recognition and predictive analysis thus makes the process simple and accurate. Due to digital transformation, these services are utilized by many organizations and businesses. Data Analysis, Cybersecurity services contributed to the growth of cloud services during this pandemic situation. Customers are keener on protecting their IT infrastructure and to reduce cybersecurity threats. Hybrid cloud services are prone to provide a plethora of advantages and acts as a key enabler for innovation. Many sectors have started adopting hybrid cloud services which can be witnessed in Telecom, Manufacturing, Government, Auto, Retail, and Financial Services.
A recent IBM study reveals that the majority of the cloud budget is allotted to hybrid cloud platforms due to its astounding benefits. This platform, in turn, offers a higher return on investment and helps in business performance improvisation. It enthralls IT companies to shift their focus on organic and inorganic investments to bolster their cloud portfolio. IBM is focusing its services on hybrid cloud and AI to support their clients. Despite the growing hybrid cloud, It is evident that only 20% of the workloads have shifted towards the cloud platform. The rest 80% are still not in the cloud platform which implies a great opportunity for the company to capture these workloads. The company has taken an initiative in investing hybrid cloud globally accounts for $ 1 billion to reinforce its partner ecosystem. IBM has strengthened its long-term partnerships with system integrators in India including Infosys Ltd, Wipro Ltd, Tata Consultancy Services (TCS) Ltd, Tech Mahindra Ltd, and Persistent Systems Ltd.
