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The Silicon Review Asia

Hybrid cloud revenue is surging in India, and IBM is piloting the growth

Hybrid cloud revenue is surging in India, and IBM is piloting the growth

In recent times, tech giant IBM is witnessing a sharp rise in its hybrid cloud revenues in India. This sudden surge is due to the on-going pandemic and acceleration of various businesses' digital transformation journeys.  In the April-June quarter, IBM's cloud revenue grew by almost 34 percent, making it the company's strongest quarter for cloud growth. Over the last 12 months, IBM has globally generated a whopping $23 billion in revenue. VP of IBM's Cognitive Software & Services, IBM South Asia, Viswanath Ramaswamy, stated that the company achieved double-digit growth in India for the cloud in 2019, and it was led by artificial intelligence, security, and data business.

Data acts as a support system for technologies, and similarly, AI helps the businesses in functions like pattern recognition and predictive analysis to predict demand and sales. IBM's offering Cloud Pak for Data is a dedicated platform that helps organizations in integrating their AI into data analysis. Ramaswamy furthermore added that there is a steady rise in cybersecurity threats, and along with the pandemic, there is proper growth in the cloud business. Various sectors are collectively driving the growth of hybrid clouds like telecom, financial services, auto, retail, manufacturing, and government.  

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