Demand for IBM AI Applications Grow During COVID-19 Pandemic – DataElf

IBM's Cognitive Applications, which is part of their Cloud and Cognitive Software segment, saw revenues slip for the quarter, but did state strong demand for their hybrid cloud solutions and specific AI applications in the back half of the quarter. Rob Enderle, principal analyst of the Enderle Group commented, "I'm anticipating really good news out of their AI efforts given how automation has become a really hot category during the pandemic". These results show first concrete signs that during demand for AI and automation has been pulled dramatically forward due to companies seeking to increased productivity during stressful economic times. Just recently IBM (NYSE:IBM) and Verizon (NYSE:VZ) unveiled a partnership to develop new 5G and AI solutions for industrial customers. This new partnership will mainly focus on "edge computing," which brings processing and storage solutions closer to a device's physical location.