In modern society, technologies such as Artificial Intelligence and quantum computing are quite popular. The first major challenge is not only integrating these technologies into our systems but also integrating them in a manner that would be financially sustainable. Thus, to solve this problem, IBM Corp. has offered several products that seek to manage costs while fully realizing the potential of AI.
In the latest IBM Think event, IBM unveiled a new automation platform known as IBM Concert. This new generation platform aims to make handling AI applications easier for businesses by providing structures to manage them. This initiative is one among many others that has implemented several AI tools to reduce operational costs for enterprises.
In a recent presentation, Ajay Patel, in his position as General Manager for Apptio – an IBM company and IBM IT Automation- advocated financial discipline in the current economy. With costs emerging as the biggest threat to businesses, the IT budget is under pressure from other areas, including AI projects and sustaining operations. Hence, it would be pertinent to have sound policies to control the costs better. Patel also observed that most leading industries are trying to consult the FinOps community to identify the most effective ways of managing financial transactions in the technological sector.
In an interview with Dave Vellante on theCUBE, a live-streaming studio of SiliconANGLE Media, Patel and Lobig discussed how IBM addresses challenges through automation. They also discussed financial management for enterprises planning on adopting cloud technologies and IBM’s perception of automation.
IBM Concert is a significant move towards using an AI middleware approach as the primary plan to integrate all of IBM’s AI and automation tools into one unified management interface. This integration is designed to break down silos within organizations and foster a better approach to managing technology. Patel said this was the case because there was a vast array of automation solutions, and because they were intricate, any fragmentation had to be eliminated.
The occurrence of the IBM Concert is in tune with the growing business imperative to have a ready and easy-to-use rendition of information processing and decision-making capabilities. It is aimed at increasing the efficiency of these processes through AI technologies and a framework that allows for fast decision-making.
In one of the latest presentations, ‘Empowering IT, SREs & DevOps with Apptio and IBM technology,’ Bill Lobig explained how he would leverage the power of Apptio and IBM solutions. This way, the differentiated groups can properly control their budgets and make intelligent decisions regarding expenditure on new technologies. The idea is to derive maximum paybacks on these investments and, at the same time, build a stable financial structure for the whole organization.
IBM’s recent move to bolster its automation and AI arm by launching IBM Concert also fits within a broader trajectory of innovation across the technology industry to develop sustainable and cost-effective solutions. As the tools are created to help organizations manage their AI well, IBM is positioning itself as a company that guides businesses through the twists and turns of creating modern tech solutions. Such a deliberate strategy addresses the existing challenges in financial management and performance and develops prospects for growth and innovation in the emerging digital economy.
What is your reaction?
