Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder, Bob Evans. The next couple of minutes are packed with insights and perspectives around the “reimagination machine” that is the Cloud! Today’s Topic: IBM’s Billion Dollar Breakthrough.
0:11 – Bob shares a huge breakthrough for IBM with new cloud capabilities which he describes as the “Billion-Dollar Breakthrough”. The new risk management solutions are aimed at financial services and banks to shift a ratio of the IT budget from maintenance toward growth.
1:15 – Most banks are spending about 70% of their IT budge on risk management, but with the new IBM capabilities, this number can go down to 30%.
1:50 – In a recent conversation with Howard Boville, IBM Head of Cloud Platform, Bob learned that the new capabilities around risk controls can free up 40% of an IT budget.
2:28 – IBM has worked with 89 banks over along with financial services accounts around the world to come up with this solution.
2:44 – Boville shared that this solution might extend into other heavily regulated industries like telco and healthcare. Further, companies are able to do some really remarkable things with money freed up for more growth-oriented IT initiatives.
Watch the full exclusive interview with Howard Boville to catch more of his insights here: