IBM Ups Big Data Bet with New Software, $100 Million in Research
On the same day that IBM passed Microsoft in market cap, Big Blue showed how it will ride the growth of big data to continue its momentum. IBM announced a new $100 million investment for future data analytics along with new services and software aimed at helping improve data analysis and new services for IT professionals.
The news, shared at an event at its Watson Research Center, highlights the work IBM has done in assembling a broad portfolio of big data tools for enterprise customers. It has spent $14 billion in the last five years on two dozen acquisitions. Increasingly, the company sees its future pinned to its ability to help customers manage and learn from the vast amounts of data produced today.
The service offerings being developed will include a range of analysis capabilities, said Steve Sams, IBM Global Technologies Services’ vice present of site and facilities services.