The International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York. One of the world's largest information technology companies, IBM manufactures and sells computer hardware, middleware, software, and services as well as offering infrastructure solutions.
Founded in 1911 as Computing-Tabulating-Recording Company (CTR), the company was renamed "International Business Machines" in 1924. IBM's operations are divided into five business segments: Global Technology Services, Software, Systems and Technology, Global Business Services, and Financing.
IBM is a major research organization with over 8,000 scientists and engineers working on projects across a wide range of disciplines. The company has made significant contributions to computer science including the development of the mainframe computer, the Universal Product Code (UPC) barcode, and the relational database.
In 2015 IBM ranked tenth on Fortune magazine's list of America's 500 largest corporations by total revenue. IBM has been the world's largest information technology services provider since 2009 and the second-largest server manufacturer since 2016. The company also ranks among the top 10 most valuable global brands.
Company Overview
Since its inception in 1911, IBM has been a leading technology and business solutions, provider. For more than a century, IBM has been dedicated to improving the way people work, live, and play. Today, IBM is a global enterprise with operations in more than 170 countries and customers in over 113 million households.
IBM is a cognitive solutions and cloud platform company headquartered in Armonk, New York. The company develops and sells computer hardware, middleware, and software, and offers infrastructure, hosting, and consulting services in areas ranging from mainframe computers to nanotechnology.
IBM has been an innovator throughout its history. In the early years, the company was known for punched card tabulating machines and time-sharing systems. More recently, IBM has led the way in developing artificial intelligence (AI), quantum computing, and blockchain technologies. The company has also made significant contributions to the development of the internet, including the creation of the first web browser.
IBM’s focus on innovation has helped it to remain at the forefront of the technology industry for more than 100 years. The company’s success is built on a foundation of strong values and a commitment to making a positive difference in the world.
Vision
IBM’s vision is to lead in the invention, development, and manufacture of the industry’s most advanced information technologies, including computer systems, software, storage systems, and microelectronics.
Mission
IBM’s mission is to be essential to our clients, to the global economy, and to each other.
Products and Services Provided
IBM is a world technology and change agency that stands for advance. We take pride in being essential to the world, contributing to progress in over 170 countries. IBM has been present in India since 1992. In India, IBM has been transforming lives and businesses with Cognitive Computing, Hybrid Cloud, Artificial Intelligence (AI), the Internet of Things (IoT), Advanced Analytics, Blockchain, and Enterprise Mobility.
Today, we are one of the largest technology and services employers in the country, with a presence across 30 cities. With our unique portfolio of products, services, and research capabilities - all underpinned by our global scale, reach, and experience - we can help Indian organizations tap into new growth opportunities and drive transformation at scale.
In India, we work with some of the country’s leading companies across industries – helping them become more agile and responsive to change; empowering them to make better decisions using data; unlocking new insights from their data to drive competitive advantage; and helping them adopt innovative technologies at speed and scale to stay ahead of the curve.
In India, IBM has been transforming lives and businesses with Cognitive Computing, Hybrid Cloud, Artificial Intelligence (AI), the Internet of Things (IoT), Advanced Analytics, Blockchain, and Enterprise Mobility.
IBM's solutions and services are provided by a network of IBM Business Partners throughout the world.
Financials
In 2018, IBM's revenue was $79.1 billion. The company has a market cap of $112.7 billion and employs 377,000 people worldwide. IBM is a member of the Dow Jones Industrial Average and is one of the 30 companies composing the index.
IBM is headquartered in Armonk, New York, and has been in business for over 100 years. The company originally started as a manufacturer of tabulating machines and punch cards. During World War II, IBM produced weapons for the US military. In the 1960s, IBM began developing software and transforming into the tech giant we know today.
Some of IBM's most well-known products include Watson, an artificial intelligence system, and blockchain technology. The company is also a leader in quantum computing. In recent years, IBM has been focused on cloud computing and cognitive solutions.
History
IBM was founded in 1911 by Charles Ranlett Flint as the Computing-Tabulating-Recording Company (CTR). The company was formed through the merger of three companies: the Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company.
CTR produced punch cards, tabulating machines, and time recorders. In 1924, CTR changed its title to International career Machines Corporation (IBM). The company continued to produce punch cards and tabulating machines but also began to manufacture scales and meat slicers.
In the 1930s, IBM began producing electric accounting machines (EAMs). EAMs were used by businesses to automate bookkeeping. IBM also developed the first mass-produced electronic computer, called the IBM 701. The 701 was used by the US government during World War II to calculate missile trajectories.
After the war, IBM continued to develop new computing technologies. In 1953, IBM released the IBM 704, the first commercial scientific computer. The 704 could be programmed in FORTRAN, one of the first programming languages. In 1964, IBM released the System/360, a family of mainframe computers that could be used for a variety of applications.
Who Loses, Who Wins?
There is no clear winner or loser when it comes to International Business Machines Corporation (IBM). The company has a long history of success, but it has also been through some tough times. IBM is a large, global corporation with a lot of resources, so it is able to weather economic downturns and other challenges. However, there are also some negatives associated with the company, such as its size and bureaucracy.
In general, IBM is a winner in the business world. The company has a strong brand, a lot of resources, and a proven track record. However, IBM is not without its challenges. The company is large and bureaucratic, which can make it difficult to adapt to change. Additionally, IBM has been through some tough times in recent years, including layoffs and other cost-cutting measures.
International Business Machines Corporation: Conclusion
In conclusion, International Business Machines Corporation is a company with a long history of innovation and success. It is a company that has been at the forefront of many technological advances and has a strong reputation for quality products and services. It is a company that is well-positioned for continued success in the future.
IBM has a strong brand and a loyal customer base. It has a varied result portfolio and a world reach. It is a financially sound company with a strong balance sheet and a proven track record of profitability. IBM is a company with a bright future.