We recently announced a definitive agreement under which HCL Technologies intends to acquire a select number of IBM marketing and commerce software products. HCL is a valued IBM partner with whom we already have a development partnership with the products in the announcement. HCL and IBM expect to close the transaction in mid-2019, subject to completion of applicable regulatory reviews.
This announcement enables us to sharpen our focus on AI, Analytics and Blockchain-powered innovations for business professionals. In April, Gartner forecasted the value of global business AI to total $1.2 Trillion in 2018 and $3.9 Trillion by 2022. There is massive value creation opportunity that AI brings as a tool to help industries and professionals make better decisions and pull the right insights out of the avalanche of data we face that drive better insights, outcomes and market opportunities. This particular computing shift is one that will be enterprise driven and in IBM’s view all industries can win.
The research and development investments we’re making in emerging technologies including AI and Blockchain are strategic to how our enterprise clients drive business value today and in the future. Applying AI to work for professional roles including the marketer, customer service agent, supply chain experts and more will provide a competitive advantage across every industry and this will be increasingly true in 2019.
To learn more about our path forward and areas of focus, please check out the following links:
IBM Supply Chain innovation & investment by Jeanette Barlow, VP, Strategy & Offering Management, IBM Supply Chain Solutions
Watson Marketing & Commerce updates by Mark Simpson, VP, Offering Management, Watson Commerce & Watson Marketing
IBM and HCL’s announcement
We are excited about the future. We hope you are too.
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