IBM launched `Call for Code Global Challenge’ for the year 2021, inviting software developers and innovators across the globe to combat climate change with open source tech. This is the fourth year for the challenge which has grown to over 4 lakh developers participating from 179 countries to develop 15,000 apps. IBM, in recognition of the extraordinary engagement from Indian developers, has announced a standalone award of $ 5,000 for the country.
IBM has expanded and further set up IBM Cloud Satellite, which allows customers to control how to store information, some of it in a private cloud, and other data in public clouds such as AWS, Azure. It is focusing on the banking and healthcare industries, which have been hesitant to adopt internet-based storage solutions due to security concerns. Lumen Technologies will work as IBM Cloud Satellite partner to deploy the service at 180,000 locations.
IBM said India faced the second-highest number of cyberattacks in the Asia Pacific in 2020 after Japan, constituting about 7% of all attacks in the region. The finance and insurance sectors were the most targeted followed by manufacturing and professional services. According to IBM’s 2021 X-Force Threat Intelligence Index, 40% of all attacks were ransomware attacks. The remote working and learning introduced due to pandemic have to lead to a surge in the number of cyberattacks.
IBM is deliberating the sale of IBM Watson Health business to help newly appointed CEO Arvind Krishna focus on cloud computing operations. They are also considering alternatives like a sale to a private equity firm or a merger with a blank-check company. The unit generates about $1bn of annual revenue and isn’t profitable. IBM has been trying to boost its share of the revenue from hybrid-cloud software and services with a $34bn deal with RedHat.
IBM is accelerating its plans to partner with IT services companies to take its OpenShift platform to their customers. After Arvind Krishna took charge as CEO in April 2020, the company placed its bets on the Red Hat OpenShift platform that it had acquired a few years ago. The company has put in place a new go-to-market strategy, where it will work closely with IT services firms on bringing their clients onto the OpenShift platform.
IBM said it will achieve net-zero greenhouse gas emissions by 2030, and will reduce its emissions to 65% by 2025 against the base year 2010 by prioritising actual reductions in its emissions in over 175 countries where it operates. IBM will procure 75% of the electricity it consumes worldwide from renewable sources by 2025, and 90 % by 2030. IBM, using new-age tech, is also working with clients and partners to apply science to complex climate-related problems.
IBM CEO Arvind Krishna said that the company is on the path to expanding its operations and services in India. IBM currently employs 380,000 people serving clients in 170 countries and India has the highest number of IBMers outside of the US. He added that they have a lot of collaborations in India and the regulatory framework that promotes export of their services from the country.
IBM and Tech Mahindra have partnered to generate $1 bn business, each over the next three years by offering solutions in 5G, cybersecurity and cloud to customers globally said IBM Chairman Arvind Krishna and Tech M CEO CP Gurnani. Tech M expects 40% of the joint work to be on 5G. Both executives said that the pandemic accelerated the adoption of tech by firms, individuals and countries and is set to continue as tech enables improvement in the quality of life.
Lygon, an Aussie platform of ANZ bank, the Commonwealth Bank of Australia, Westpac, IBM and shopping centre company Scentre Group announced minting industry’s first standardised digital bank guarantee using blockchain tech. The group, formed in July 2019, claimed that it was the first time blockchain has been used for a commercial banking product in Australia. The Lygon platform runs on the IBM public cloud and leverages it Blockchain Platform.