Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob discusses IBM’s upswing of growth in recent months and shares the optimistic remarks from IBM CEO Arvind Krishna.
00:13 — IBM is on the upswing in terms of its growth — especially in the cloud. In the last several quarters, the company has accelerated dramatically. At a recent investors conference, Arvind Krisha, IBM CEO, announced he is remarkably optimistic about what the company is doing.
00:51 — In his remarks, Krishna wove in the notion of optimism and the opportunity for growth, along with the need to cope with the challenging economic times that the world is facing right now. He offered a few examples of this.
01:07 — Krishna thinks tech spending is still strong for most companies and they are continuing to invest because they have come to the realization that there are “two sides” to what tech investments can drive:
- Necessary deflationary forces in times of rampant inflation
- Source of growth and innovation for companies
01:56 — As it relates to the subject of sustainability, Krishna says that data is going to be key for every business leader to fuse together sustainability issues with operational and financial data. Data is where IBM “has always played” and is the company’s strength. Krishna is optimistic about its sustainability efforts.
02:19 — Companies can pursue a noble purpose and achieve profit — it does not have to be an “either-or” matter. Leaders of the tech industry should take notes on Krishna’s idea that these outcomes do not have to be black or white. Companies must keep up the fires of innovation to position themselves for when the economy gets back on track.
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