Joining us this week is Bob Picciano, senior vice president of IBM's Information and Analytics Group, and we hit the ground running talking about Big Data. While many still think of IBM as a PC and cash register company, that couldn't be further from the truth.
As you'll learn, IBM has been transforming itself into a Big Data and Analytics powerhouse during the last few years, and that investment is paying off. The combination of more than $24 billion invested to date to build IBM's Big Data capabilities, through a combination of R&D initiatives and more than 30 acquisitions, has led to more than 40,000 service engagements for IBM.
The growth in Big Data recently led to IBM upsizing its 2015 revenue target to $20 billion. The original target was $16 billion, but IBM hit that in 2013. That should give you an idea of how fast Big Data is growing and how IBM is performing.
If that's not enough, wait until you hear what Bob has to say...
In case you missed it, I encourage you to read myPowerTrend Brieffrom last week onEagle Daily Investorabout how rising beef prices will impact the economy and you. I also invite you to comment in the space provided below my column atEagle Daily Investor.
Chris Versace is the editor of PowerTrend Brief — a FREE, weekly electronic newsletter. He also writes PowerTrend Profits, a paid monthly newsletter that helps individual investors profit through buying shares of companies poised to win big in the 8 PowerTrends, as well as writes the PowerTrader trading service that seeks to deliver short-term gains using stocks, ETFs and options. Chris has been ranked an All Star Analyst by Zacks Investment Research.
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