IBM says it will invest $3bn over the next four years to establish a new Internet of Things (IoT) unit, and that it is building a cloud-based open platform designed to help clients and ecosystem partners build IoT systems.
Top-performing procurement organizations are expanding their purview to drive company-wide innovation and top-line growth as opposed to confining themselves to their traditional roles as gatekeepers of corporate spending, according to a study from IBM.
At the Smarter Commerce Global Summit, IBM (NYSE: IBM) today announced a study that says companies with high-performing procurement organizations are driving better bottom line results, according to an IBM study. These organizations report profit margins of 7.12 percent as compared to just 5.83 percent for companies with low-performing procurement organizations. Also, companies with top-performing procurement organizations report profit margins 15 percent higher than the average company - and 22 percent higher margins than companies with low-performing procurement organizations.
IBM has introduced software that is intended to address the rise of "omni-channel" shoppers - consumers who expect a consistent sales and marketing experience across multiple sales channels.
The consumer of the future will be more mobile, social and self-sufficient, willing to share details on themselves and their preferences in exchange for highly personalized relationships with their favorite stores, according to a new IBM consumer survey. The study also found that consumers' willingness to advocate for a particular retailer is becoming multifaceted, with consumers looking for a flawless experience, whether it's when they're researching, purchasing, or receiving delivery.
IBM has been recognized for the second consecutive year as the greenest company in the U.S., according to the Newsweek 2012 Green Rankings survey. A panel of independent judges ranked major companies based on numerous criteria, including their environmental impact, environmental management and sustainability disclosure. The survey is regarded as one of the most comprehensive analyses of environmental leadership, and IBM was one of 500 large U.S. organizations evaluated.
