Preface: Thank you for joining us for this 10-part series to discuss the Top 10 Ways You can Save on your Mainframe Costs in 2023. If you can't wait for all 10 to come out, you can request the eBook here which has all 10 included. Nearly all Clients are Clamoring for Savings in 2023. This is largely due to (a) rising input costs, (b) softening business forecasts, and (c) continued economic headwinds. This has caused many clients to re-evaluate spending plans and implement new cost-cutting targets. IT is the Number One Cost Savings Category of the Modern Enterprise. IT is typically the highest indirect spend area for modern enterprises and is ...
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Intro The IBM Empire has suffered from a decade or more of decay. In 2012, IBM stock was trading at over $200 per share, and in 2022, it is trading at somewhere around $120, which is a value loss of 40%. IBM Revenue at the end of 2011 was $106.916 Billion vs. the $57.351 Billion it is at the end of 2021. This is a loss of $49.565 Billion of revenue over the last 10 years, which represents a reduction of more than 46% of its customer receipts. With a current market value of $110.7 Billion, IBM is just a shadow of its former self, as its market value was worth $216.72 Billion 10 years ago. That's a $106.02 Billion loss of value, hemorrhaging ...
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BREAKING: The Mainframe is not dead. While smaller companies continue to get off the mainframe, it’s still too soon to write an obituary, as mid-sized businesses grew mainframe consumption from 5 to 15% and large enterprises grew from 15 to 20% in 2021. Recent analyst reports suggest that as much as half of the world’s information is still processed on the mainframe. The mainframe was a $2.3 Billion Industry in 2021, is expected to increase another 8% in 2022, and is projected to grow at a 3.2% CAGR from 2021-2029. Major hardware, software, and services companies that stand to benefit from this decade of mainframe market growth include Atos, ...
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Watson: IBM’s Healthcare Moonshot Flatlines and Dies And in so doing, the last body of the Ginni Rometty era at IBM is buried. We have written extensively on this topic: Admittedly, NET(net) has been an outspoken (but fair) critic of IBM and Ms. Rometty over the years. Shortly after she was named CEO, we documented our Top 10 Reasons Why Ginni Rometty Will Fail as IBM’s New CEO, and fail she did. The following year, we were honestly a bit surprised at how quickly she was failing, and published another article called IBM CEO Ginni Rometty Failing Fast, where we outlined the cannibalizing culture and performance of missed expectations she was ...
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We are still waiting for the great IBM turnaround led by Ginny Rometty since her installment as CEO in 2012. IBM has pinned its turnaround on Watson AI, Blockchain and now “Hybrid Cloud” with the RedHat acquisition. IBM’s “turnaround” has resulted in 22 out of 25 quarters of declining earnings. To be fair, it’s the last three quarters that have shown growth, not driven by its strategic imperatives but rather has been provided by (drum roll please) – mainframe. Yes, the good old mainframe, with upgrades and increased storage needs driving strong revenue in Q2 and Q3. How the mighty have fallen, or better said, continue to fall as we have been ...
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Back in March 1991, Stewart Alsop, a venture-capitalist and editor of InfoWorld said, “I predict that the last mainframe will be unplugged on March 15th, 1996”. Hindsight, as they say, is 20/20, so we know now, this could not be further from the truth. The mainframe is not only ‘not’ a dinosaur, it may be the single most important technology in the financial services industry, running almost every large Bank and Insurance Company’s back end system in the world. Still today, seemingly only the mainframe can handle the performance requirements & reliability demands of these challenging operating environments and support the sheer volume of ...
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