Meet IBM's new ceo, who spearheaded the $34 billion purchase of Red Hat as part of a master plan towards conquering a $1 trillion market
This story requires our BI Prime membership. To read the full article,Arvind Krishna, the new CEO of IBM, joined the tech giant in 1990 when it was an iconic and dominant player in enterprise tech.
Krishna has been spearheading IBM's counteroffensive, which is focused on taking on hybrid cloud computing, which he expects will be a $1.2 trillion market. Today, the nearly 109-year-old tech powerhouse is adapting to big changes, most notably the cloud where it has been outpaced by stronger rivals such as Amazon, Microsoft and Google.
That confidence is anchored on the strategy Krishna has led for reclaiming IBM's enterprise tech leadership in the cloud era.The game plan is focused on shift in the way the cloud has evolved. The cloud disrupted the enterprise market by letting businesses set up their networks on web-based platforms run by the likes of Amazon, Microsoft and Google. IBM has tried, but failed, to be a bigger player in this arena.
"Approximately half is still services, and the other half is what I would call product, software as well as hardware," he told Business Insider in an interview last year shortly after IBM closed its acquisition of Red Hat.
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