An update on Bank of America and its move to the private cloud

Bank of America Uses Cloud to Slash Billions in IT Costs

November 8, 2019
Bank of America has slashed billions of dollars in IT infrastructure costs during a massive migration from on-premises data centers to the private cloud, according to The Wall Street Journal. In a recent article about Bank of America’s involvement in IBM’s new and compelling public-cloud platform for financial institutions, the CIO Journal section of The
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IBM Cloud Unleashes its True Competitive Advantage: Tech Plus Industry Expertise

November 7, 2019
Blending technological and industry prowess that few if any competitors can match, IBM is fully exploiting its financial-services expertise by creating that industry’s first public-cloud platform with Bank of America as an anchor tenant. This superior combination of extensive cloud-computing capabilities with several decades of experience in managing mission-critical workloads for financial institutions across the
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Analyzing IBM Q3 earnings

IBM Cloud Grows 14% and Drives Sweeping Internal Transformation

October 18, 2019
As IBM transforms itself to move at the speed of the cloud-based digital economy, the Red Hat acquisition has boosted the company’s third-quarter cloud revenue 14% to $5 billion. It's true that 14% cloud-revenue growth in today’s high-growth Cloud Wars is not exactly a cause for party hats and celebration. But for IBM it represents
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IBM CEO Ginni Rometty talks with Red Hat leadership ahead of Q3 results announcement.

IBM’s $33-Billion Bet on Red Hat: The Stakes Are Enormous

October 9, 2019
A few months ago, in a piece headlined IBM’s $19-Billion Cloud Business: Where Did the Growth Go?, I pulled together some numbers revealing that the slowest-growth cloud business in the Cloud Wars Top 10 is clearly IBM’s. That piece also touched on the high hopes—the extremely high hopes—IBM is pinning on its $33-billion acquisition of
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New Cloud Wars Q&A with IBM explores what it means to be the "most-open" cloud

IBM Says We’re #1 With “Most Open” Cloud

August 15, 2019
Betting that its $34-billion acquisition of Red Hat will trigger new growth, IBM says its two-year overhaul of its vast cloud portfolio plus Red Hat gives it the “most open” cloud in the industry precisely as customers are demanding open-source solutions. But is IBM truly the “most open” cloud? Is it more open than Google,
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Hillery Hunter explains IBM's plan for Red Hat

IBM’s $34-Billion Payback Plan for Red Hat

August 9, 2019
Would you spend $34 billion to boost your chances of capitalizing on a $1-trillion market? And if so, how would you turn that expectation into reality? That first question represents the precise motivation behind IBM’s $34-billion acquisition of Red Hat. And details have begun to emerge about how Red Hat’s highly regarded open-source solutions—particularly its
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Ginni Rometty recently spoke about IBM's cloud growth on the company's Q2 earnings announcement.

IBM’s $19-Billion Cloud Business: Where Did the Growth Go?

July 18, 2019
Eighteen months ago, IBM posted cloud revenue of $5.5 billion for Q4 2017, putting it on an annualized run rate of $22 billion. Yesterday—a full six quarters after that high point—IBM reported 12-month cloud revenue of $19.5 billion, up just 8% when adjusting for currency fluctuations. Otherwise, an anemic 5%. Remember, I’m not talking about
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A status update about the IBM and Red Hat deal

Can IBM and Red Hat Deliver on Big Cloud Promises? 3 Key Questions

July 12, 2019
While IBM has laid out a compelling story for why it’s shelling out $34 billion for Red Hat, lots of questions remain to be answered. Here are 3 at the top of my list. 1. What, exactly, does “open” mean here in mid-2019 for IBM and Red Hat? The headline atop the IBM narrative called
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IBM global sales executive Martin Schroeter spoke about cloud at a recent global technology conference

IBM Sales Leader: “Every Discussion Is About Cloud”

June 18, 2019
Expressing optimism about the future prospects for IBM’s $19.5-billion cloud business, top global sales executive Martin Schroeter said at a recent investors conference that “every [customer] discussion is about cloud” and “everyone is thinking about it.” And while those customers are aggressively exploring various ways to weave cloud technologies more deeply into their businesses, said
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Get a look inside IBM's cloud strategy with a new episode.

IBM’s Cloud Strategy | Cloud Wars Top 10 Executive Insights

May 22, 2019
Here’s my conversation with Harish Grama, and the latest episode of "Cloud Wars Top 10 Executive Insights." As the tech companies in our Cloud Wars Top 10 rankings drive transformation not just in individual corporations but also in entire global industries, it’s essential for business executives to understand the strategic intentions of each of these
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