IBM Full Form- International Business Machines
Updated on 23 February, 2024
upGrad Abroad Team
upGrad abroad Editorial Team
)What is IBM? The full form of IBM is International Business Machines.
Major American computer maker IBM commands a substantial portion of the local and global computer markets. The corporate office is located in Armonk, New York.
The company represents one of the many information technology companies that have their origins dating back to the 1800s. IBM is a provider of computer hardware and software, as well as infrastructure, business consulting services, and hosting for anything from nanotechnology to mainframe computers.
Having employed more than 350,000 people worldwide, IBM is the largest employer in the information technology sector and has been recognized as the world's largest computer firm for most of its recent history.
Key Facts
- The company's main segments are Global Business Services (GBS), Cloud & Cognitive Software, Systems, and Global Financing.
- The industry for Cloud & Cognitive software Solutions offers clients safe, integrated artificial intelligence (AI) and cloud data solutions. It is separated into three business units: platforms for transaction processing, cloud and information platforms, and cognitive applications.
- The GBS category offers business process, software management, and consulting services. The Global Financing sector offers remanufacturing, remarketing, and financing, mostly through IBM Credit LLC.
- The Systems division offers clients infrastructure systems to support composite cloud computing and business AI operations. In order to support communications service providers (CSPs) and communications on various cloud platforms, it also provides telecom consulting solutions and services.
- With the 1995 takeover of Lotus Development Corporation, IBM's Software Group grew from one DB2 to five, including Rational, Lotus, and so on.
- IBM is known by its famous moniker, Big Blue, the origins of which are the subject of several hypotheses. An explanation put out by IBM employees is that the term was coined in the 1960s by IBM field executives, who were referring to the hue of the mainframes that IBM had deployed in the 1960s and 1970s.