The International Business Machine Corporation (NYSE:IBM) is a manufacturer of computer software and hardware. They’re also called ‘Big Blue’. Established in 1911, the company has been the industry leader providing corporate machines, software and security. IBM’s current focus is more aimed on software and cloud hosting and less on hardware in personal computers. Based in New York, and with more than 435,000 employees worldwide IBM was ranked no. 2 in the world’s largest corporations by Fortune Magazine.
IBM Net Worth: $153 Billion
IBM was the first company to create a computer family in 1964: the IBM System/360. For the first time companies could upgrade computers and keep using the same application infrastructure. From there on IBM kept developing its personal computers. They became integrated into ATM’s, Hospitals and were the #1 choice for companies. In 2005 IBM sold its personal computer business to Lenovo to start focussing more on data encryption, servers, and cloud hosting and storage.
At this moment IBM is heavily investing in its data centers and cloud storage business. In January 2014 they announced a $1.2 Billion investment in these parts of the company. Cloud revenue was up more then 50% in the first quarter of 2014.
They’re also a big player in Artificial Intelligence (AI). With their IBM Watson cognitive system they are changing the way people and computers interact with each other. The Watson program is quickly becoming one of the most enhanced AI systems in the world and some say it’s IBM’s biggest bet for the future. We’re certainly very interested in what the future holds for this project, but we can imagine great things coming from it.