InnovoTech Solutions: IT Market, IBM, Growth and Challenges

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Added on  2023/04/21

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This report provides an overview of the IT industry and an analysis of InnovoTech Solutions, a proposed IT company. It begins with an introduction to the IT industry, highlighting its robust nature, accessibility, and knowledge-based foundation, along with a global overview noting its projected $5 trillion value in 2019. The report then delves into IBM, one of the world’s largest IT companies, discussing its shift from hardware to software and services, its investments in research, and its innovation aspects like analysis on demand, augmented reality, and blockchain. It also addresses the future prospects of IBM, including greater AI investments and a focus on cloud services, as well as the challenges it faces in services, hardware, software, and cloud computing. The report introduces InnovoTech Solutions, outlining its products and services, innovative aspects, and factors responsible for its potential growth, such as positive government actions, customer acquisition strategies, and investments. Finally, it concludes that InnovoTech Solutions is poised to thrive due to its product offerings and the growth drivers within the IT industry.
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INNOVOTECH
SOLUTIONS
FUTURE REDEFINED
Submitted by:
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Contents
1.0 Introduction: IT industry
Global IT industry overview
2.0 IBM overview
2.1 Innovation aspects of IBM
2.2 Future prospects of IBM
2.3 Challenges faced by IBM
3.0 Products and services: InnovoTech
Growth drivers of Proposed company
4.0 Conclusion
References
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1.0 Introduction: IT industry
IT is one of the most robust industries in the world
Economies of scale and insatiable demands from both
consumers and enterprises characterize the sector
It is easily accessible
It is knowledge based in nature
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Global IT industry overview
On pace to reach $5 trillion in 2019.
The US is the largest tech market in the world.
Among global regions, Asia-Pacific is the largest in the world.
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Products and Services of IT industry
Applications
Database
Engineered systems
Java
Enterprise management
Other products and services
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Threats faced in IT industry
Unexpected change in revenue
Unexpected change in costs
Intellectual property
Security issues
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Future of IT industry
The number of remote workers are expected to increase
significantly.
Collaboration will become an important culture in the IT
industry.
User experience will be far more important for customer
satisfaction.
Cyber security will be a high-priority concern for customers.
3D Printing will become a bigger part of IT manufacturing.
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2.0 IBM
One of the world’s largest IT companies
Was the top supplier of mainframe computers.
Gradually shifted focus from hardware to software and services.
Invests heavily in semiconductor research
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Products and Services of IBM
Server Hardware
Storage
Software
Services
Cloud
Cognitive offerings
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2.1 Innovation Aspects of IBM
Analysis on demand
Augmented reality
Block chain
Predictive analytics
Advanced automation
Entitlement analytics
Technical support alliance
Virtual assistance for technical support
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2.2 Future Prospects of IBM
Greater investments in AI
More emphasis on cloud services
Shifting focus to hardware once again
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2.3 Challenges faced by IBM
Services
Hardware
Software
Cloud Computing
Watson
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