IBM eyes huge cloud, big data future
IBM is telling investors that the cloud, big data, security and other growth areas will bring in $40 billion a year for the company. How much are they spending now to make that happen?
IBM executives told investors that it is targeting $40 billion in annual revenue from cloud, big data, security and other emerging tech areas by 2018, Reuters is reporting.
The company called those market sectors “strategic imperatives.” If IBM hits that target, it will represent 44 percent of $90 billion in revenue that analysis expect from the company.
Currently, those sectors represent 27 percent of total revenue. Reuters reported that it will spend $4 billion on the target sectors this year.