Showing posts with label IBM Stocks. Show all posts
Showing posts with label IBM Stocks. Show all posts

Thursday, 3 March 2016

IBM To Make Its Cyber Security Stronger

IBM To Make Its Cyber Security Stronger

IBM to strengthen its cyber security division by acquiring Resilient Systems.

International Business Machines Corp. is keen to take over cyber security service “Resilient Systems”. The company is devoted to improve its security service and come up with high speed automated responses when a cyber-attack takes place. The news surfaced during the RSA Security Conference that is taking place in San Francisco.
During the conference, the firms related to cyber security showcase their platform that generate and automate the responses for potential security violations and attacks. Resilient which is based in Cambridge will come up with a similar platform for IBM. According to the announcement that surfaced yesterday, the company’s present workforce which encompasses 100 employees will be linked to the cyber security team- X-Force Incident Response Service at IBM.
X-Force will now act as a consulting division that will enable companies to deal with potential attacks, manage and cope up with them.
Resilient is likely to link its automation and orchestration tool with the intelligence platform of IBM known as QRadar. This platform was acquired four years back when the tech giant established its security division. The association would assist the company in detecting potential cyber-attacks, prevention, analytical service, response via one offering.
IBM has also decided to have Mr. Bruce Schneier on board who is the Chief Technology Officer at Resilient. Mr. Schneier is a globally known security analyst and cryptographer who has coined several books that talk about cyber security. This actually is a major breakthrough for IBM, since it now has the industry expert to lead the company’s security team.
It seems like a great idea by the company to expand its hold in the cyber security domain. The department currently has 7,300 employees and has garnered $2 billion in terms of revenues. Through the company’s recent acquisition, IBM will get access to the huge consumer base of Resilient that encompasses around 30 companies belonging to Fortune 500. The company’s recent initiative is on par with their transformation plans that focus on shifting from the major software business to new areas such as security, cognitive computing and analytics.
IBM has been reporting a consistent decline in revenues for the consecutive 15 quarters because of the transformation that is taking place. Recently, Mr. Warren Buffet stated that he might have committed a mistake by investing in IBM stocks.  It is also claimed by several analytical firms that the company’s plans to transform will be beneficial but it will also take some time to come up with the results. The impact will rather be long term than short term.
By acquiring Resilient Systems , one thing is for sure that the company will get a step closer to achieving its dreams of evolving and redeeming itself again in the industry. The company lost track since a long span of time but has finally realized where it went wrong and what needs to be done to redeem itself back in the fraternity.

Friday, 7 November 2014

IBM deals with Twitter to collaborate for data analytics



Twitter is going through a rough phase in recent times and the company is trying hard to keep up with the market pace and come back strong. Hence, the company is trying its best to come up with new strategies that help in boosting their business mechanism. Therefore, in order to achieve its objective, TWTR has planned to collaborate with IBM to assist them in making better decisions for their business by analyzing the data collected by the company of tweets on a worldwide scale.

IBM has planned a rough draft to present to Twitter which would allow them to analyze the current business trends as well as the persisting trend of the market. Apart from this the company will also look forward to training almost 10,000 of the company’s employees which will be trained to use Twitter in an efficient manner to produce better results. In order to fulfill its requirements, the company’s main focus is to strengthen their position of the clouds and data analytics products. As the company is more focused to conventional commoditized hardware it would be a major turn over to opt for something more advanced and it would also take time for them to get immune to the advancements.
       
But IBM still stands in the way of other companies while doing business together as the company still follows the traditions methods and ways to business which separates them from their niche target audience. Fortune says that “One of the major issues with Twitter was that their tweets were scattered and those who choose this forum for advertisements can’t really target their market.

Considering this, the company is now working to filter these tweets out according to geographical and biological basis. For the same reason, Twitter gave many companies the access to these tweets so that they could sell them again to corporate clients.”