IBM leans on cloud storage, applications

BENGALURU: Cloud storage and the application services business are expected to see steady growth for IBM in India this financial year, the company said, as many new enterprises plan to invest in cyber security solutions and move operations to remotely located servers.

While large existing customers such as banks and insurance companies are maintaining investments in technology critical projects, many new firms in the retail, pharmaceuticals, telecom and other industry sectors are investing in migrating operations to the cloud as more employees work remotely, said Vikas Arora, vice president, IBM Cloud and Cognitive Software and Services, IBM India.

“We saw little more urgency for things that were on the agenda for digital transformation. The gap in the business continuity plans was coming out as we started seeing phishing attacks,” said Arora