IBM Expands Hybrid Cloud Service, Targeting Banks, Health Care
- CEO Krishna is pivoting to fast-growing cloud, AI markets
- Targets companies hesitant to store sensitive data publicly
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International Business Machines Corp. has publicly released its hybrid cloud service, furthering its plan to pivot the business toward the fast-growing market for storing large amounts of data on the internet.
The expanded offering, called IBM Cloud Satellite, allows customers to control how they store their information, with some of it held internally in what’s known as private cloud, and other data stored in public clouds such as Amazon.com Inc’s AWS, or Microsoft Corp’s Azure. As a latecomer to cloud services, IBM is targeting highly-regulated industries such as banking and health care, which have been slow to adopt internet-based storage solutions due to security concerns and scale.