Turbotodd

Ruminations on IT, the digital media, and some golf thrown in for good measure.

Archive for the ‘ibm’ Category

IBM Reports 2017 Second-Quarter Results

leave a comment »

IBM reported 2017 second-quarter results…highlights:

  • Diluted EPS from continuing operations: GAAP of $2.48; Operating (non-GAAP) of $2.97
  • Revenue from continuing operations of $19.3 billion
  • Strategic imperatives revenue of $34.1 billion over the trailing 12 months, up 11 percent (up 12 percent adjusting for currency); represents 43 percent of IBM revenue
    • First half revenue up 8 percent (up 10 percent adjusting for currency)
    • Second quarter revenue up 5 percent (up 7 percent adjusting for currency
  • Cloud revenue of $15.1 billion over the trailing 12 months
  • As-a-service annual exit run rate of $8.8 billion in the quarter, up 30 percent year to  year (up 32 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations

“In the second quarter, we strengthened our position as the enterprise cloud leader and added more of the world’s leading companies to the IBM Cloud,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “We continue to innovate, adding regtech capabilities to our portfolio of Watson offerings; developing solutions based on emerging technologies such as Blockchain; and reinventing the IBM mainframe by enabling clients to encrypt all data, all the time.”

More details here.

Written by turbotodd

July 18, 2017 at 3:10 pm

Posted in 2017, earnings, ibm, wall street

New IBM Mainframe Users in New Era of Data Protection

leave a comment »

IBM today unveiled IBM Z, the next generation of the IBM mainframe, capable of running more than 12 billion encrypted transactions per day.

The new system also introduces a breakthrough encryption engine that, for the first time, makes it possible to pervasively encrypt data associated with any application, cloud service or database all the time.

IBM Z’s new data encryption capabilities are designed to address the global epidemic of data breaches, a major factor in the $8 trillion cybercrime impact on the global economy by 2022.

Of the more than nine billion data records lost or stolen since 2013, only four percent were encrypted, making the vast majority of such data vulnerable to organized cybercrime rings, state actors and employees misuing access to sensitive information.

You can learn more about the new IBM Z system here.

Written by turbotodd

July 17, 2017 at 2:31 pm

The Weather Channel Launches Advanced Global Radar App

leave a comment »

The Weather Company, an IBM Business, announced today that its consumer brand, The Weather Channel, has launched a new, highly advanced global radar app for iPhone and Android devices.

The Storm Radar App places the most accurate, detailed, and advanced weather and storm tracking data directly in the hands of individuals across the globe – providing them with the necessary information to help them prepare for safety when severe weather strikes.

Utilizing sophisticated forecasting models and leveraging over 800 data sources, as well as the expertise of over 160 meteorologists – the largest in the private sector – The Weather Company is able to generate hyperlocal forecasts for over 2.2 billion locations across the globe every 15 minutes.

Taking weather information to the next level, the Storm Radar App provides eight hours of high-resolution past-to-future radar data, over 20 map layers, as well as hyperlocal current condition and forecast information based on data collected from the company’s network of over 250,000 personal weather stations across the globe. The Storm Radar App helps prepare users for impending weather via customizable storm tracking and real-time weather data layers.

Features of the app include:

  • Global Future Radar: Two hours of animated past radar and six hours of cutting-edge, forecasted future radar across land and sea
  • Storm Tracks: Detailed analysis of impending severe weather, including storm arrival time, strength rating, detailed components of the storm (such as wind, hail, lightning, and tornadoes), the speed and direction of the storm, the precipitation rate, storm tracker data, and more
  • Hurricanes and Tropical Storms: Historical and forecasted paths, complete with wind speed, strength, arrival times, and the cone of uncertainty
  • Lightning: 100 miles of lightning data for the Continental U.S.
  • Local Storm Reports and Severe Weather Alerts: Local radar and global severe weather warnings and alerts from anywhere in the U.S. and around the globe from NOAA, National Weather Service (NWS), Environment Canada, and MeteoAlarm
  • Customizable Data Layers: Severe weather alerts, local storm reports, wind, temperature and precipitation overlays, earthquake info, and more

 

To help users prepare for the Atlantic hurricane season, summer thunderstorms and other seasonal severe weather around the world, The Storm Radar App is available for global audiences and is free to download on mobile devices within the App Store or Google Play.

Written by turbotodd

June 22, 2017 at 10:30 am

AIG, IBM, and Standard Chartered Bank Deliver First Multinational Insurance Policy Powered by Blockchain

leave a comment »

American International Group Inc., IBM and Standard Chartered Bank plc announced they have successfully piloted the first multinational, “smart contract” based insurance policy using blockchain, a distributed ledger technology.

 

The blockchain solution creates a new level of trust and transparency in the underwriting process, enabling AIG and Standard Chartered to deliver multinational insurance more efficiently. Coordinating management and placement of multiple insurance policies across multiple countries is highly complex. The pilot solution was built by IBM and is based on Hyperledger Fabric — a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation.

Working together, AIG, Standard Chartered and IBM converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a “smart contract” that provides a shared view of policy data and documentation in real-time. This also allows visibility into coverage and premium payment at the local and master level as well as automated notifications to network participants following payment events.  

The pilot also demonstrates the ability to include third parties in the network, such as brokers, auditors and other stakeholders, giving them a customized view of policy and payment data and documentation. 

Rob Schimek, CEO of Commercial, AIG said: “Our pilot proves blockchain has a powerful role to play in the future of insurance. Any technology, including blockchain, that can increase trust and transparency for an industry whose pillars are built on that, should be fully explored. We’re excited to be delivering innovation that matters to our clients — and co-developing key components of this new technology together.”

The three parties chose to execute this initiative in one of the most complicated areas of Commercial Insurance – multinational risk transfer – to better understand blockchain’s potential to reduce friction and increase trust in other areas of the insurance value chain.

How it works:

  • Blockchain, an immutable, security rich and transparent shared digital ledger provides a single view of truth across all participants while simultaneously providing selective visibility to participants based on their credentials.
  • It provides the ability to record and track events and associated payments in each country related to the insurance policy.
  • No one party can modify, delete or even append any record without the consensus from others on the network.
  • This level of transparency helps reduce fraud and errors, as well as the need for the parties to contact each other to view policy and payment data and the status of policies. 

Emily Jenner, Head of Insurable Operational Risk at Standard Chartered, said: “As a global bank we have to ensure consistent, trustworthy and secure financial transactions, be that as part of our business or as customers ourselves. By creating a process by which we can arrange multinational insurance contracts through blockchain we not only have transaction security but contract certainty across multiple business locations.”

The multinational “master policy” is written out of London and for the pilot, three local policies were chosen that cover the US, Kenya and Singapore. These three jurisdictions were chosen because the US is a large and complex market, Singapore is a growth market for Standard Chartered, and Kenya has a specific regulatory requirement, known as “cash before cover” which means that cover must be paid for before it is valid.

“We chose these three territories because of their importance to Standard Chartered and also because of their regulatory complexity, so that we could fully test how blockchain technology might make these contracts work more efficiently,” said Standard Chartered’s Jenner.

You can learn more about IBM Blockchain solutions here.

Written by turbotodd

June 15, 2017 at 12:33 pm

Posted in 2017, blockchain, ibm, insurance

Three Essential Blockchain Adoption Principles

leave a comment »

IBM today announced that it has identified three key elements of enterprise blockchain adoption for c-suite leaders to consider when evaluating the technology for business use.

Blockchain, or distributed ledger technology, is quickly making its way into the enterprise, potentially becoming as revolutionary a technology for business transactions as the internet was for communications in the late 1990s.

In the supply chain and logistics industry alone, the technology could potentially help save billions of dollars annually and significantly reduce delays and spoilage. Its potential impacts are far-reaching; according to the World Economic Forum, reducing barriers within the international supply chain could increase worldwide GDP by almost five percent and total trade volume by 15 percent.  

To best derive value from blockchain technology, IBM recommends that enterprise adopters across supply chains and other key industries including financial services, retail, energy and others develop a close understanding of five key elements of the technology:

  • Blockchain has the potential to transform trade, transactions and business processes. The two concepts underpinning blockchain are “business network” and “ledger.” Taken together, these are what make blockchain a smart, tamper-resistant way to conduct trade, transactions and business processes. Network members exchange assets through a ledger that all members share access to. The ledger is synced across the network with all members needing to confirm a transaction of tangible or intangible assets before it is approved and stored on the blockchain. This shared view helps establish legitimacy and transparency, even when parties are not familiar with one another.
  • The value is in the ecosystem as the blockchain network grows. As a business network, blockchain can include several different types of participants. Depending on the number of participants in a blockchain network, the value of assets being exchanged and the need to authorize members with varying credentials, adopters should observe the difference between “permissioned” and “permissionless” blockchain networks. The real value for blockchain is achieved when these business networks grow. With a strong ecosystem, business networks can more easily reach critical mass allowing the users to build new business models and reinvent the transaction process.
  • Blockchain can significantly improve visibility and trust across business. Blockchains can reduce transaction settlement times from days or weeks to seconds by providing visibility to all the participants. The technology can also be used to cut excess costs by removing intermediary third-parties typically required to verify transactions. Because blockchain is built on the concept of trust, it can help reduce risks of illicit practices carried out over payment networks, helping to mitigate fraud and cybercrimes.

 

Speed, cost efficiency and transparency are among blockchain’s most significant benefits in the enterprise and within ecosystems of companies conducting trade. 

IBM, Walmart and Tsinghua University
, for example, are exploring the use of blockchain to help address the challenges surrounding food safety. By allowing members within the supply chain to see the same records, blockchain helps narrow down the source of a contamination.

Blockchain is being rapidly explored today 

Real-world use of blockchain is underway. Everledger, a company that tracks and protects diamonds and other valuables via the blockchain, has started building a digital business network using IBM Blockchain to power its global certification system.

When combined with a highly secure cloud environment, blockchain technology can be used to help protect suppliers, buyers and shippers against theft, counterfeiting and other forms of corruption, while simultaneously demonstrating the origin of high-value goods for essential parties.

IBM is also working with multiple stock exchanges to test trading over blockchain in low-liquidity markets. A case study that supports findings from ‘Leading the pack in blockchain banking’ and ‘Blockchain rewires financial markets’ predicts that 15 percent of banks and 14 percent of broader financial markets institutions expect to have blockchain in-production at commercial scale this year, and 53 percent of banks believe they will move to a live blockchain network over the next two years.

You can learn more about IBM Blockchain solutions here.

Written by turbotodd

April 24, 2017 at 9:02 am

Over 90 Custom Apps Now ON IBM Security App Exchange

leave a comment »

The IBM Security App Exchange has now grown to over 90 custom applications from IBM and Business Partners.

Over 30,000 apps, content packs and tools have been downloaded since the launch of the App Exchange, allowing users to extend the capabilities of IBM’s Security technologies with custom apps and integrations.

Launched in December 2015, the IBM Security App Exchange is a community marketplace for customers, Business Partners and other developers to build and share applications which build upon and integrate with IBM Security products.

The IBM Security App Exchange has been populated with new applications from more than 30 Business Partners, including Trend Micro, Recorded Future, BluVector and Ziften.

Through this collaboration, customers now have access to new solutions which can help them streamline their security operations, potentially saving valuable resources and allowing their security teams to remain focused on the latest threats rather than technology management and integration.

Combining these partner applications with innovative new security apps developed within IBM Security, the App Exchange is now home to 92 applications which extend across the IBM Security portfolio, including IBM QRadar security intelligence platform,BigFix endpoint management, Guardium data protection, MaaS360 mobile device management, Resilient incident response platform, and IBM’s open source threat intelligence platform, X-Force Exchange.

“As threats are evolving faster than ever, collaborative development amongst the security community will help organizations adapt quickly and speed innovation in the fight against cybercrime,” said Sandeep Mukherjee, Marketing Manager, IBM Security. “The rapid growth of the IBM Security App Exchange shows the value that this collaboration is providing to partners and customers.”

You can visit the IBM Security App Exchange here.

Written by turbotodd

April 20, 2017 at 8:47 am

IBM Reports 1Q2017 Financial Results

leave a comment »

IBM today announced first-quarter earnings results for 2017.

Highlights included:

  • Diluted EPS from continuing operations: GAAP of $1.85; Operating (non-GAAP) of $2.38
  • Revenue from continuing operations of $18.2 billion
  • Strategic imperatives revenue of $7.8 billion in the quarter, up 12 percent (up 13 percent adjusting for currency)
  • Strategic imperatives revenue of $33.6 billion over the last 12 months represents 42 percent of IBM revenue
  • Cloud revenue of $14.6 billion over the last 12 months
  • Cloud as-a-Service annual exit run rate of $8.6 billion in the quarter, up 59 percent year to year (up 61 percent adjusting for currency)
  • Maintains full-year EPS and free cash flow expectations.

 

“In the first quarter, both the IBM Cloud and our cognitive solutions again grew strongly, which fueled robust performance in our strategic imperatives,” said Ginni Rometty, IBM chairman, president and chief executive officer.  “In addition, we are developing and bringing to market emerging technologies such as blockchain and quantum, revolutionizing how enterprises will tackle complex business problems in the years ahead.”

You can see the full announcement here.

Written by turbotodd

April 18, 2017 at 3:11 pm

%d bloggers like this: