By setting up a tone for the Centre Digital India program to propel digitization and help the Indian government to build the latest new technology at scale to meet its digital transformation goals, IT tech company, IBM has now taken a pledge as a technology support for the significant government projects.
“From skilling to innovation and hiring new talent, India remains one of the top growth markets,” IBM chairman and CEO Arvind Krishna said.
Arvind hailed that the recent government digital transformation projects drive while applauding Centre ‘PM Gati Shakti’, a national master plan for the multi-modal connectivity, which is a digital platform to bring 15 ministries together for integrated planning and coordinated implementation of infrastructure connectivity projects.
Arvind also met the Union Finance Minister Nirmala Sitharam, Union Minister of State for IT, Rajeev and Ashwini Vaishnav, Railways and Telecom Minister, during his visit to India.
“IBM is here to help the Indian government develop new-age technology systems at scale, especially for the PM Gati Shakti initiative, and meet its digital transformation goals for the country,” Krishna said.
IBM, which is one of the oldest technology companies, during the pandemic outbreak, transformed its infrastructure business into a new entity known as Kyndryl, which has huge growth prospects in India.
“The third quarter (Q3) IBM revenues in Asia did really well, and India was a big part of it,” Krishna said, adding that 100% of the company’s CSR activities now go into workforce development and skilling.
“We don’t just drive business value; we drive progress. I believe IBM is uniquely suited to be the catalyst of that progress for decades to come.”
Across the globe, 70% of the IBM revenue will now come from the consulting and software, higher-value businesses that both saw strong growth in the Q3 with the consulting continued acceleration, and two-third of its software business on a recurring revenue basis.
According to the company report, the Indian market revenue will mirror the global trajectory. India has the largest number of IBMers outside of the US, which is a key research and innovation hub for the technology giant that set up its first office in the country nearly around 20 years back.
In the last few months, IBM has expanded in the tier 2 cities in India and has also accelerated its hiring. It also launched the state-of-the-art product engineering, design and innovation centers in Ahmedabad, Kochi, Telangana and Mysuru.
In a bid to help the organizations and startups scale their operations in the AI and cloud era, IBM this month revealed the opening of its new customer innovation center in Mysuru, it’s eighth in the country.
IBM Consulting now operates in cities that include Chennai, Kolkata, Delhi-NCR, Mysuru, Pune, Hyderabad, Bangalore and Mumbai.
“Our goal is to break down today’s most common barriers to innovation: closed systems, proprietary technologies, untrustworthy AI, and insufficient security. To do this, we have refocused our company around two primary sources of client value: technology and business expertise,” Krishna said.
