Healthcare

IBM

Company Profile Analysis

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IBM - Healthcare showcase

Year Founded & Workforce

1910-12-31

282,100 Employees

Industry

Healthcare

Services

I

IBM Overview

Company Headquarters: New York, US

Founded: 1911

Workforce: ~ 282,100

Company Working: International Business Machines Corporation (IBM) is an IT technology and consulting firm providing computer hardware, software, infrastructure, and hosting services. The firm provides a variety of services, such as cloud, networking, security, technology consulting, application services, business resiliency services, and tech support services. It provides services to a variety of sectors, including those in the automotive, banking, and financial markets, electronics, energy, utilities, healthcare, insurance, life sciences, manufacturing, metals, and mining, retail, and consumer products industries. In addition to creating and marketing system hardware and software, the company also offers infrastructure, hosting, and consulting services. IBM's technology-based product portfolio includes solutions for analytics, automation, blockchain, cloud computing, IT infrastructure, IT management, cybersecurity, and software development. The company has operations in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

Strategy

IBM focuses on creating technologically advanced products, solutions, and services that give its clients a competitive edge over their rivals. IBM's business strategy was focused on assisting clients in using hybrid cloud and Artificial Intelligence (AI) technologies. In order to connect with customers they must constantly develop and redefine their businesses with technology. In addition, the company also intends to develop new products that are reflected in its product line using data-driven insights. It aims to develop analytical solutions while teaming up, buying, and merging with other market participants to boost industry know-how, credibility, and security.

Company Snapshot

$57,714M

Revenue

282,100

Employees

1910-12-31

Founded

New York, US

Headquarters

SWOT Analysis

Strengths

  • Strong global presence in more than 170 countries
  • Robust financial performance and growth strategy
  • Extensive intellectual property portfolio
  • Strategic acquisitions of technology, AI and consulting companies

Weaknesses

  • Challenge of employee retention as attrition is high in the industry
  • Expensive service and software solutions

Opportunities

  • Strategic mergers and acquisitions
  • Increasing demand of cloud-based services

Threats

  • Unfavourable laws and regulations
  • Currency fluctuations

Key Developments

DateApproachDevelopment
December 2022AcquisitionIBM (US) acquired AlchemyAPI (US) a startup to bring deep learning to Watson. The goal is to use AlchemyAPI's resources to boost the "cognitive" computer system IBM Watson's intelligence
August 2022CollaborationIBM (US) has collaborated with REPROCELL (Japan) to offer the latest cutting-edge technologies including AI and quantum computing to accelerate the rate of innovation.
April 2020Service LaunchIBM (US) launched the cloud and AI-powered COVID-19 High-Performance Computing Consortium service to help the health and research community accelerate the discovery of medical insights and treatments for COVID-19

Product Offering

  • IBM
    • Artificial Intelligence in Drug Discovery

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles IBM as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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