IBM Rolling Out Innovations in AI & Hybrid Cloud

IBM has begun rolling out its innovations in AI, hybrid cloud operations and quantum computing - on track with its focus plan announced a year ago. 

The company has made the announcements to coincide with its annual Think Conference on Tuesday as it builds momentum following its $34 billion takeover of open-source software company - Red Hat two years ago.

IBM has been restructuring since Arvind Krishna became CEO a year ago and has shifted its focus to cloud computing and AI. Last October, IBM also announced that its legacy IT infrastructure business would shift into a separate firm.

Among product innovations it is rolling out on Tuesday are AI to help companies manage data in the cloud, a system - Watson Orchestrate, designed to help professionals automate certain daily tasks, and a program to let customers use quantum computers for projects too complex for traditional servers.

Krishna commented that he still expects overall sales to grow slightly in 2021 and by the mid-single digits percentage-wise "over the medium term."

IBM will also unveil Project CodeNet - a large-scale open-source dataset comprising 14 million code samples, 500 million lines of code and 55 programming languages to enable AI to understand and translate code.

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