Japan wants to get back into the leading-edge semiconductor business and very recently a new company was formed to reboot its semiconductor industry. The company is named Rapidus, referring to rapid production of new chips, a clear reference to how the company plans to differentiate its business from other foundries such as TSMC, Samsung, and Intel. The company has announced a partnership with IBM Research to develop IBM’s 2nm technology in fabs that Rapidus plans to build in Japan during the second part of this decade. Previously, Rapidus announced a collaboration with the Belgium-based microelectronics research hub IMEC on advanced semiconductor technologies. Imec is collaborative semiconductor research organization working the world’s major foundries, IDMs, fabless and fablite companies, material and tool suppliers, EDA companies and application developers.
The IBM process uses gate-all-around transistors - IBM refers to them as nano sheet FETs - which is the next generation of transistor design that enables device scaling beyond today’s FinFETs. The 2nm structures will require Rapidus to use ASML’s EUV manufacturing equipment. Business details with IBM were not disclosed, but there’s likely two parts to the deal: a cross-licensing agreement for the intellectual property necessary to build the product and a joint development agreement. While the announcement is nominally for IBM’s 2nm process, it likely includes a long-term commitment to build advanced semiconductor chips going beyond the 2nm process node.
Rapidus was formed by semiconductor veterans such as Rapidus President Atsuyoshi Koike, with backing by leading Japanese technology and financial firms, including Denso, Kioxia, Mitsubishi UFJ Bank, NEC, NTT, Softbank, Sony, and Toyota Motor. The Japanese government is also subsidizing Rapidus. The big change for Japan compared to prior national efforts is the collaboration with international organizations. It’s a recognition Japan cannot go it alone. This appears to be a fundamental change in Japanese attitudes. Building a fab in Japan will be helped by Japan’s strong manufacturing ecosystem of materials, equipment, and engineering talent.
Dario Gil, IBM’s SVP and Director of Research, announced this news alongside Rapidus executives at a press conference in Tokyo on Tuesday morning. Rapidus will send engineers to learn the 2nm process to the IBM Research lab located in the Albany, NY NanoTech Complex to work alongside IBM Research engineers. IBM Research already has an extensive research group in Japan. This agreement is also a big win for New York State and its “NY CREATES” development agency, who owns and operates the Albany NanoTech Complex. IBM will collaborate with Rapidus on the soon-to-be established Leading-edge Semiconductor Technology Center (LSTC) in Japan. LSTC will be the overall umbrella organization to coordinate the ongoing semiconductor research, while Rapidus will be the manufacturing organization.
This may be the last, best opportunity for Japan to get back into leading-edge semiconductor manufacturing. Japan already consumes a lot of semiconductors with automotive and electronics vendors such as Toyota and Sony, which are investing in Rapidus. Having a leading-edge process manufacturer on Japanese soil will Boost logistics for Japanese OEMs and provide additional supply chain security for Japan.
With this announcement, and its long partnership with Samsung, IBM reaffirms its role as a global resource for semiconductor research and development. With IBM’s help, Rapidus can provide a rebirth to the Japanese semiconductor industry and help diversify world-wide advanced semiconductor manufacturing. TIRIAS Research views the coordinated and cooperative actions of IBM, IMEC, and Rapidus/LSTC as an opportunity to realign global semiconductor manufacturing with more regional balance.
Tirias Research tracks and consults for companies throughout the electronics ecosystem from semiconductors to systems and sensors to the cloud. Members of the Tirias Research team have consulted for IBM, Intel, GlobalFoundries, Samsung, and other foundries.
Content provided by IBM and TNW
Companies that don’t have a digitization and automation strategy will probably not survive in the next decade. Why? Because a host of technological developments are making it possible to free employees from a range of routine operations, so they can focus on the most impactful areas of business.
Enterprises that embrace automation can have happier customers, more satisfied employees, and streamlined operations. From back-office tasks to the inspection of industrial complexes and manufacturing sites, there are tools and platforms to collect and analyze various types of data, and take actions that automate repetitive tasks that previously required human effort.
In the past two years alone, ten years’ worth of digitization has occurred across different industries as more organizations realize the need to automate their operations. This should be an alarm bell for those who do not yet have a digitization/automation strategy.
However, the huge opportunity for automation comes with its own challenges. The growing number and variety of tasks that can be automated need careful oversight and planning. This is why you should consider appointing a Chief Automation Officer (CAO), a person who will be able to trace your enterprise’s digitization and automation strategy, provide a birdseye view of the digitization journey, and make sure that your enterprise is on its path to success.
The appeal of automation has been around for a long time, and enterprises have been looking for ways to automate routine tasks. But there are a few exact trends that have lent to the explosion of opportunities for automation across industries.
“Artificial intelligence is clearly a trend,” says Dinesh Nirmal, General Manager at IBM Data, AI and Automation. “It can help with intelligent automation, whether it’s IT or line of business.”
AI is helping automate a broad range of tasks, from processing images and scanned documents, to summarizing text documents, finding meaningful correlations and clusters in large datasets, and transcribing audio files.
Enterprises are also using AI in IT operations, typically called AIOps, including anomaly detection, event correlation, and blast radius evaluation in case a service component becomes unavailable.
An interesting example is logistics and transportation company J.B. Hunt, which used IBM Turbonomic software to automate the scaling of its cloud and on-premise computing resources. For their on-premises environment, J.B. Hunt is automating all non-disruptive actions 24×7 and scaling non-production actions during a nightly maintenance window. In their public cloud environment, the team has been using a combination of recommendations and automated actions to manage their resources.
Digitization cannot happen without automation.
Over the course of 12 months, Turbonomic executed nearly 2,000 resizing actions which—assuming manual intervention requires 20 minutes per action—freed up over 650 hours of the team’s time to focus on strategic initiatives.
“Another technology is robotic process automation (RPA),” Nirmal says. “In line-of-business, a lot of technology that is being driven for automation is task related.”
If a task requires long hours of manually entering data and pressing buttons, there’s a great chance it can be automated through RPA. Today, organizations are using RPA to automate a wide range of repetitive back-office tasks, such as extracting information, moving files, and filling forms. The combination of RPA and AI is helping organizations take automation to higher levels and handle tasks that cannot be defined with explicit rules.
For example, insurance companies are using AI and RPA to automate the processing of customer reports. An application that previously took weeks to complete can now be processed in hours, thanks to RPA and AI technologies. One way is with computer vision algorithms that can assess damage from a picture of an accident and document processing tools that can extract and store the content of scanned documents.
A fourth notable trend that Nirmal talks about is “process mining.”
Process mining is about figuring out which processes are ripe for automation. What is the ROI if I were to automate this process? How much do I save in terms of time and resources by automating that process? What other touch points does the process have?
Process mining uses information from business and IT systems and user interactions to provide factual insights about how processes and workflows can be improved across an enterprise. For example, if delivering software requires several actions and file transfers across different platforms, process mining helps organizations document those steps, build them into a graph, monitor their performance, and find ways to optimize and Boost them.
An interesting case study is BlueShore Financial, a Canadian credit union that partnered with IBM to digitize and automate its operations. At first, IBM helped BlueShore digitize the files of 40,000 clients and go entirely paperless, saving the company 7,000 square feet of filing space. The digitization then led to the automation of complex workflows and business processes related to onboarding, mortgage renewals, auditing, and more.
“Automation helps with every single aspect of enterprise operations,” Nirmal says. “This is why every enterprise needs a Chief Automation Officer to focus on digitizing the enterprise to satisfy customers and help generate more business.”
Nirmal compares the role of the CAO to the Chief Data Officer (CDO). Before the CDO, organizations held an ambiguous volume of data, scattered across different silos and systems. The CDO’s role was to devise the right tools and strategies to provide a unified view of the organization’s data. The CDO became pivotal in areas such as business intelligence, data science, and machine learning, which need to pull and process data from different sources across the enterprise.
It can really Boost employee morale and productivity.
Likewise, the CAO takes an overarching view across different verticals of the enterprise and seeks the best opportunities for digitization and automation. For example, in manufacturing, the CAO can help identify how computer vision can help automate defect detection. In financial services, the CAO can help find the right combination of tools to automate repetitive back-office tasks. According to Nirmal:
An enterprise is usually a big setup of complex processes across business and IT. We need a person who works collaboratively with the chief transformation officer, chief strategy officer, chief data officer, and others to bring digitization to the forefront. I believe that the CAO’s focus needs to be on digitizing the enterprise. Digitization cannot happen without automation.
Automation is finding its way into every department. According to IBM’s Global AI Adoption Index, companies are using automation across different verticals, including IT processes, business processes, marketing and sales, financial planning and analysis, etc.
At IBM, Nirmal has helped several customers transition through the digitization and automation process and understand the value of appointing a CAO. He sees three common denominators in the benefits that these organizations have achieved.
One is the optimization of resources within an enterprise. Two is productivity—I truly believe it drives a huge amount of productivity in the enterprise that you cannot get otherwise. And three is observability of your enterprise end-to-end, and how you’re digitizing your enterprise across different sectors.
Nirmal says, “I think automation brings an enterprise into a much more stable format that will enable them to become more agile, allowing them to do more meaningful work.”
For example, from an employee productivity perspective, the right automation tools can lift the burden of repetitive tasks and enable employees to focus on more meaningful endeavors, such as innovation.
“A lot of times, automation allows employees to focus on higher value tasks,” Nirmal says. “For the employee, the huge benefit is that it releases them from routine tasks and frees them to look at things from an innovation or differentiation perspective. It can really Boost employee morale and productivity, optimization, etc.”
But obviously, the biggest goal that every enterprise will have to focus on is improving customer satisfaction.
“The end product is how you help create satisfied customers. For me, to achieve that you need automation,” Nirmal says.
He sees this as the future of the enterprise, which will make the Chief Automation Officer role key to success.
The next decade is all about intelligent automation. Enterprises will have to invest in automation to survive and succeed, or they may not exist. It’s a profound statement, but I think it’s critical because your competition will invest in it. It drives customer satisfaction. If you don’t have satisfied customers, you are clearly not in a position to win.
IBM's corporate transformation that saw the company spin off its now-former managed infrastructure services business has been behind Big Blue for nearly a year.
But as with any company and particularly one of the size and profile that IBM has, strategic moves like that are a prelude to more.
Which leads to the agreement announced Wednesday for IBM to acquire Octo Consulting, one of the most prominent middle-tier competitors in the government technology market. It is focused digital transformation programs at federal agencies.
Financial terms of the transaction were not disclosed. But IBM did say it will add nearly 1,500 Octo employees to the U.S. public and federal market organization within Big Blue's consulting arm. The organization will become a nearly 4,200-employee team after the close.
On a corporate level, the pending acquisition of Octo will represent IBM's eighth purchase this year and the latest of nearly two dozen since Arvind Krishna became chief executive in April 2020.
The overarching strategy for IBM has centered on artificial intelligence and hybrid cloud computing, a combination of on-premise and public storage resources.
Drilling further down to the market level, IBM's strategy for its federal business has centered on those two areas with the goal of helping agencies apply other new technologies and applications as part of their IT modernization agendas.
Those agendas have been complicated by the larger issues of talent and skill shortages, a push to rebuild U.S. supply chains and particularly those of computer chips, and the increased emphasis on user experiences as they relate to citizen services.
“Governments require agility and resiliency to meet the evolving needs of citizens directly and in real time,” said John Granger, a senior vice president at the IBM Consulting business. “The combination of Octo’s highly qualified and respected team with IBM’s consulting expertise, technical capabilities and strategic partner ecosystem will enable federal clients to transform faster and better serve citizens.”
Since its 2006 founding by CEO Mehul Sanghani, Octo has focused its strategy on cloud-driven services and other technology offerings with an eye toward flexibility and scalability amid ongoing digital transformation efforts.
Octo has been backed by the private equity firm Arlington Capital Partners for three years, a period Sanghani described to WT in several interviews as essentially phase number three for the company.
That phase has included several acquisitions to help accelerate Octo's move up the federal market's middle tier, a journey most recently marked by the opening of a new facility called "oLabs" to house technology development and testing work.
“Octo was founded on the belief that digital transformation could be delivered at scale to modernize the federal government’s approach to today's most pressing challenges -- from public healthcare to national security, to defense and intelligence,” Sanghani said in the release. "We are excited to join forces with IBM to continue to deliver these digital transformation capabilities with greater reach and scale.”
When Octo closed its most exact acquisition in early 2022, the company touted a workforce of nearly 1,500 people and annual revenue of at least $500 million.
All parties involved expect to close the transaction by the end of this year, pending regulatory approvals and other closing conditions.
Investment banks J.P. Morgan and Baird advised Octo on the transaction with IBM.
‘Octo is a pretty well-regarded brand. They’ve received a number of recognitions for thought leadership, work with the government, and as a good place to work. Also, we were sub-contractor to Octo on some projects, and they sub-contracted to us. We have an active relationship now. And we absolutely have competed. In the federal space, companies compete and co-operate. There’s lots of co-opetition,’ says Susan Wedge, IBM Consulting’s managing partner for U.S. public and federal business.
IBM Wednesday unveiled the planned acquisition of Octo and make it part of the IBM Consulting group in a bid to expand its reach into federal government clients looking to digitally transform their IT infrastructures.
No dollar value was given for the acquisition, which is expected to close before the end of the year. Arlington Capital Partners in 2019 purchased a majority stake in Octo.
IBM Consulting has a long history of working with federal government clients to help solve their digital transformation challenges, and sees in Reston, Va.-based Octo a way to build its talent base to better serve those clients, said Susan Wedge, managing partner for U.S. public and federal business at IBM Consulting.
[Related: Thinking Of Buying Or Selling An MSP? Here Are 6 Tips From Experts]
Wedge told CRN that Octo is an IT modernization and digital services provider, which is 100-percent government-focused and has about 1,500 employees. “When we bring it into IBM Consulting, we’ll have about 4,200 consultants focused exclusively on the federal government,” she said.
Octo brings to IBM Consulting agile development, SecOps (security operations), DevOps, and low-code and no-code capabilities, Wedge said.
“Coupled with what we have, this can really accelerate what we do more effectively,” she said.
Octo also brings a 14,000-square-foot R&D center it calls oLabs which is really a co-creation center open for use by its employees and its government clients, Wedge said. It can also be used by third parties to co-create solutions, she said.
“IBM has co-creation centers throughout the U.S.,” she said. “Octo expands that network. And the Octo co-creation center is focused exclusively on federal government customers.”
IBM Consulting has known of Octo for some time, Wedge said.
“Octo is a pretty well-regarded brand,” she said. “They’ve received a number of recognitions for thought leadership, work with the government, and as a good place to work. Also, we were sub-contractor to Octo on some projects, and they sub-contracted to us. We have an active relationship now. And we absolutely have competed. In the federal space, companies compete and co-operate. There’s lots of co-opetition.”
IBM Consulting, listed No. 8 on CRN’s 2022 Solution Provider 500, works directly with federal clients as well as through business partners, which in IBM terms includes solution providers.
Prior to Octo, IBM recently made three other acquisitions for its IBM Consulting business.
IBM in September, 2022 acquired Dialexa for its hybrid cloud capabilities.
The company in February 2022 acquired Neudesic as a way to increase its Azure cloud, data engineering, and data analytics capabilities.
Early last year also saw IBM acquire Taos for its professional and managed services around the cloud.
Once again, IBM is suing another company for violating its intellectual property, and it looks awfully similar to its exact legal battle with LzLabs. Why is IBM suing Micro Focus, what makes this case similar to LzLabs, and is there something fishy going on with IBM mainframe systems?
Recently, IBM has launched a lawsuit against a tech company called Micro Focus, who offers customers numerous different software solutions, including application delivery systems, modernisation, AI tools, analytics, and cybersecurity systems. In the published lawsuit, IBM claims that Micro Focus has reversed engineered IBM's CICS mainframe service to create their own version called Micro Focus Enterprise Server.
While IBM CICS services require the use of IBM mainframe machines, the Micro Focus solution allows users to use generic hardware, such as clustered Windows and Linux machines, via cloud interfaces. This eliminates the need for access to large, expensive mainframes, which often require dedicated support from IBM. Furthermore, the Micro Focus Enterprise Server solution allows users to directly transfer IBM mainframe applications without needing to make any changes.
Now, IBM is not happy with this at all and fully believes that Micro Focus has reversed engineered proprietary systems to create their competitor product. Further evidence against Micro Focus comes from the fact that Micro Focus entered into contracts with IBM to gain access to developer tools (which would allow for reverse engineering) and that examination of Web Service Binding Files (WSBIND) provided by Micro Focus was mostly identical to those developed by IBM.
As such, IBM is seeking financial damages from Micro Focus for supposedly violating IP laws and is also seeking to suspend Micro Focus services that relate to IBM IP.
Only a few months ago, IBM sued another company, LzLabs, for supposedly similar practices. Simply put, IBM accuses LzLabs of opening a shell company called Winsopia to gain access to critical IBM software solutions so that it could be reverse-engineered by LzLabs. From there, the legal separation of the two companies could provide an element of legal safety as LzLabs can claim that it has no relation to Winsopia. But, key individuals common to both companies were identified in filings to Companies House, which alerted IBM.
But what makes the two cases very interesting is that both defendants have been involved with providing alternative mainframe solutions to customers. Furthermore, both defendants have aimed at using off-the-shelf hardware instead of dedicated mainframes that are solely controlled by IBM. This gives customers more options when designing systems and even helps with migrating from older mainframes to more modern hardware.
Whether Micro Focus has indeed violated IP laws is up to the courts to decide, but it certainly is suspicious that Micro Focus had access to IBM developer tools shortly before designing their own solution. Having said that, it is only possible to create software alternatives by having access to the very thing you are trying to replicate. Thus, it could be argued that the access Micro Focus had to IBM proprietary solutions was simply to see how it worked. Furthermore, Micro Focus will have to retain some degree of similarity with IBM solutions (including file structure and format), as any migration tool has to read the same information and produce the same result.
With two companies now facing legal challenges, one must wonder if something is going on with IBM and the solutions it provides. It is quite possible that the market for mainframes and applications is dominated by IBM, which leaves customers with no real alternatives, and thus anyone creating a competitor product capable of migrating IBM applications can see massive financial gains.
This may also be true when considering that IBM mainframe applications run on IBM mainframes, and this could see customers required to either purchase an IBM mainframe or subscribe for cloud access. When considering that mainframes can be in the region of $75,000, customers who can spend far less using a few x86 Windows Servers not only save massive amounts of money in hardware but software costs as well. Another area of concern is that many software systems currently in use may be running on ageing IBM hardware that requires replacement, and engineers being limited to IBM systems can be highly restrictive.
So, it may be the case that many customers today who have historically used IBM mainframes are now looking for alternative solutions. But why exactly? We do not know; maybe IBM is charging higher rates, perhaps IBM is using unfair licensing contracts, or maybe IBM hardware struggles to advance as fast as off-the-shelf hardware. All of this is speculation, but one thing that can be said for sure is that many customers are clearly trying to move away from Big Blue, so instead of suing everyone, maybe IBM could identify why customers are trying to jump ship.
The MarketWatch News Department was not involved in the creation of this content.
Dec 09, 2022 (Heraldkeepers) -- The Resource Access Management (RAM) Market study orders market information in view of market improvement and development boundaries, permitting the development way to be enhanced. It likewise stresses the principal sellers' methodologies and piece of the pie in the particular market. The review follows a sound exploration strategic worldview that helps direction. It accumulates subjective and quantitative market information, as well as essential examination.
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This report centers about the top players in global Resource Access Management (RAM) marketplace:
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Resource Access Management (RAM) Market Classifies into Types:
Resource Access Management (RAM) Market Segmented into Application:
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Table of Contents:
1 Resource Access Management (RAM) Market Overview
1.1 Product Overview and Scope of Resource Access Management (RAM) Market
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1.3 Global Resource Access Management (RAM) Market by Application
1.3.1 Overview: Global Resource Access Management (RAM) Market Size by Application: 2017 Versus 2021 Versus 2028
1.5 Forecast by Region
1.5.1 Market Size by Region: 2017 VS 2021 VS 2028
1.5.2 Market Size by Region, (2017-2022)
1.5.3 North America Size and Prospect (2017-2028)
1.5.4 Europe Size and Prospect (2017-2028)
1.5.5 Asia-Pacific Size and Prospect (2017-2028)
1.5.6 South America Size and Prospect (2017-2028)
1.5.7 Middle East and Africa Size and Prospect (2017-2028)
1.6 Market Drivers, Restraints and Trends
4. Market Size Segment by Type
4.1 Global Market Share by Type (2017-2022)
4.2 Global Forecast by Type (2023-2028)
5 Market Size Segment by Application
5.1 Global Resource Access Management (RAM) Market Share by Application (2017-2022)
6. North America by Country, by Type, and by Application, Financial Services, and Insurance Market Size and Forecast (2017-2028)
7. Asia-Pacific by Region, by Type, and by Application
8. Asia-Pacific Revenue by Type (2017-2028)
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12.2 Research Process and Data Source
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IBM Thailand, a local operating unit of the global technology firm, has emphasised the importance of sustainability among businesses that can be powered by hybrid cloud and artificial intelligence (AI) for growth.
"We are now in the era of sustainable business that can be underpinned by AI and hybrid cloud," Sawat Asdaron, managing director of IBM Thailand, said at an event to mark the local unit's 70th anniversary.
There are three pillars that can support sustainable business, he said.
The first lies in various technologies that can help businesses reduce pain points, such as hybrid cloud, AI, blockchain, quantum computing and cybersecurity. These technologies can help businesses become more automated and transform into data-driven predictive outcome organisations.
The second involves ecosystem partnerships, where businesses can drive their sustainable growth and leverage innovation provided by global partners.
The third pillar concerns talent and workforce. Mr Sawat said IBM is committed to its plan to provide 30 million people globally with new skills by 2030.
IBM Thailand has worked with various educational institutes in Thailand to enhance people's skills, which can help create job opportunities, narrow the digital skills gap and cultivate a new young workforce, he said.
The company attaches great importance to sustainability, said Mr Sawat. IBM aims to achieve net-zero greenhouse gas emissions by 2030.
"Sustainability is the future of IBM and S-curve businesses," he said.
"We also see opportunities for technology to help customers achieve their sustainability goal."
Citing an annual study by IBM, which surveyed more than 3,000 chief executives worldwide, Mr Sawat said nearly half of them rank sustainability as a top priority for their organisations, an increase of 37% from 2021.
However, more than half (51%) also cite sustainability as one of their greatest challenges over the next 2-3 years, alongside lack of data insights, unclear returns on investment, and technology barriers.
Some 95% of chief executives report being at least in the pilot stage of implementing their sustainability strategy, while under a quarter (23%) say they are implementing their sustainability strategy across their entire organisation.
IBM last year completed the separation of its managed infrastructure services business to Kyndryl, said Surarit Wuwong, technology leader at IBM Thailand.
The company has two core businesses, consisting of IBM consulting and IBM technology.
"We increased our resource client engineers and customer success managers to support our customers," Mr Surarit said. "We will drive support of hybrid cloud and AI, working with customers and partners to build innovation. We will continue to invest in R&D and strategic acquisitions."
The use of hybrid cloud and AI will drive the speed of project delivery to days or hours, instead of years or months, he said.
Some 80% of large enterprises have already deployed hybrid cloud, said Mr Surarit.
AI can serve businesses in many areas, such as supporting automated workflows and maximising insight from a large volume of data, he said.
According to IBM's Global AI Adoption Index 2022 survey, which gauged the opinions of 7,502 senior management respondents, 35% of the companies leverage AI in their business, up from 13% in 2021.
Mr Surarit said over the past seven decades, IBM Thailand has played a part in supporting millions of financial transactions, developing various national platforms, enabling AI intelligent power, building future talent and providing sustainability-linked technology.
KUALA LUMPUR: IBM has expressed its continued commitment to sustainability and the need to create better pathways to conserve natural resources, reduce pollution, and minimise climate-related risks.
The global technology company made the commitment against the backdrop of the recently concluded 2022 United Nations Climate Change Conference (COP27), in which IBM is COP27 the technology partner.
IBM Malaysia managing director and technology leader Catherine Lian said the company aims for environmental leadership in all of its business activities, from its operations to the design of its products and use of its technology.
"IBM's corporate policy on environmental affairs is supported by our global environmental management system to achieve results consistent with environmental leadership," said Catherine.
"Technology is key to the implementation era of decarbonisation, being a fundamental driver, playing a crucial role in mapping out commitment progress and driving decarbonisation across critical industries to protect our planet," she said in a statement today.
According to the Institute for Business Value (IBV) study, which surveyed more than 3,000 chief executive officers (CEOs) worldwide, sustainability is rising higher on corporate agendas. CEOs recognise sustainability as a business imperative and growth driver.
Yet as CEOs face growing pressures from boards and investors, more reliable data insights are needed to ensure their ability to take action, according to the report.
The study also found that nearly half of respondents rank sustainability as a top priority for their organizations—aan increase of 37 per cent from 2021.
However, more than half (51 per cent) also cite sustainability as among their most significant challenges in the next two to three years, with a lack of data insights, unclear return on investment (ROI), and technology barriers, as hurdles.
At its end, IBM is also helping its customers turn sustainability ambition into action through data-driven innovation with industry-leading consulting and technology capabilities.
"Data is vital to climate risk assessments. Only when armed with the right data can organisations create realistic plans giving rise to the need for the right tools and technologies to unlock data and discover actionable insights in real time," said Catherine.
She explained that assessing climate risk demands a dynamic process of continual data capture and analysis, using intelligent data architecture and technology such as automation and artificial intelligence (AI), to ensure the most relevant and valuable insights are revealed – and that the right action is taken as soon as possible.
IBM's various technology solutions can interpret data and determine action quickly and efficiently.
Earlier this year, IBM acquired Envizi, a leading data and analytics software provider for environmental performance management.
This acquisition builds on IBM's growing investments in AI-powered software, including IBM Maximo asset management solutions, and the IBM Environmental Intelligence Suite, to help organisations create more resilient and sustainable operations and supply chains.
Envizi's software automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks.
Its user-friendly and easily customised dashboards enable companies to analyse, manage and report on environmental goals, identify efficiency opportunities and assess sustainability risks.
"Envizi's solutions help streamline the management of these tasks as part of broader environmental, social and governance (ESG) reporting initiatives while also providing users with valuable sustainability insights to inform business strategy," said Catherine.
"By using Envizi with IBM's broader AI-powered software, organisations will now be able to automate the feedback generated between their corporate environmental initiatives and the operational endpoints being used in daily business operations—a crucial step in making sustainability efforts more scalable."
IBM Malaysia is also sharing sustainability expertise and technologies with local companies, such as Numa Solution Sdn Bhd (Numa), a member of the BAC Group involved in the renewable energy industry sector.
Numa also owns the world's first integrated palm waste management facility in Perak, producing solid biomass fuel and generating green electricity by harnessing bio-methane from palm oil waste.
Now with IBM's latest technologies, Numa is set to take its value proposition to the next level, in particular through providing 'end-to-end' ESG solutions for local businesses whilst helping them meet their decarbonisation and green agenda targets.
Catherine said that climate change, dwindling natural resources, and ever-increasing demands on our energy and food supply are disrupting business operations and supply chains in unexpected ways.
"It is more important than ever for private and public organisations to rethink how they function fundamentally," she said.
"Transforming into a successful sustainable business requires new levels of resilience and agility, rooted in responsible practices that preserve our planet, and IBM is fully committed to helping and empowering our customers on their sustainable journeys ahead."
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