Why IBM's AI-Driven Maximo App Suite Could Be a Game-Changer for Industrial Maintenance
Tech giant IBM (IBM) recently announced that it is upgrading its Maximo Application Suite by adding advanced AI features that help businesses manage their equipment more efficiently. Indeed, the company said that this AI isn't just a smart assistant, but a new way to automate tasks, improve workflows, and support better decision-making. By making it easier to interact with data and assets, IBM believes Maximo can help teams reduce downtime and achieve better results. Among the key upgrades is condition-based maintenance, which allows AI to use real-time data to tell teams exactly when equipment needs servicing.
Confident Investing Starts Here:
This is helpful because it eliminates the guesswork of scheduling repairs that might end up being unnecessary. In addition, Maximo's Work Order Intelligence helps by automatically suggesting the right problem codes based on past data, thereby making it easier to spot trends and take action. Interestingly, Maximo can also use historical data and visual inspection tools for faster failure analysis, which means that AI can detect flaws in equipment images without needing complicated training or setups.
To show how this works in the real world, IBM gave the example of a supervisor on an offshore oil rig who gets an alert about a risky transformer. Maximo's AI quickly pulls up the equipment's repair history, shows possible failure causes, and suggests next steps. When the technician confirms the damage, the AI updates the system, assigns the right codes, and starts follow-up tasks. IBM says that this kind of instant, AI-powered support will only get better and will help teams respond faster, plan smarter, and stay focused on high-impact work.
What Is the Target Price for IBM?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $269.46 per share implies 7.7% downside risk.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fast Company
27 minutes ago
- Fast Company
This massive new data center is powered by used EV batteries
Over the last two months, a first-of-a-kind project has taken shape at an industrial site in Nevada: the world's largest microgrid built with used EV batteries, designed to power an adjacent data center. It's the first of a series of microgrids planned by Redwood Materials, the battery recycling company now valued at more than $5 billion. The company is taking in a quickly-growing volume of used EV batteries—tens of thousands over the last year, and perhaps hundreds of thousands over the next 12 months. Most of those batteries still have enough capacity to have a second life before the materials are recycled. And they could help deal with a major energy challenge: how new data centers can come online quickly and cheaply without straining the grid and significantly adding to climate emissions. 'The amount of batteries coming back that have usable life and that are relatively more cost-efficient to deploy has ramped up dramatically in just the last year or two,' says JB Straubel, CEO of Redwood Materials. The company announced its new energy business arm at an event on June 26. Straubel, one of Tesla's cofounders, left the automaker in 2019 to help build a new U.S. supply chain of critical battery materials using the growing pile of battery waste. Last year, the company started commercial production of cathode active material, one key component in batteries, from recycled materials. Its recycling business is already profitable; it generated $200 million in revenue last year. But it also recognized the huge opportunity to put some batteries to work again. How EV batteries can find a second life When a battery is in a car or a truck, 'it's a pretty demanding application,' Straubel says. 'You need a lot of power capability. You really want to charge quickly, usually, so you can go to fast charge stations. And you also need a pretty high percent of your overall initial range that you purchased in the car.' But even when a battery has lost so much capacity that it no longer makes sense for driving, it can still be used to store energy. In that application, charging and discharging can happen slowly. A battery might only have half of its original capacity, but can still reliably support the grid or a microgrid. In some cases, it could be used for years before it's eventually recycled. In the new microgrid, on Redwood's campus near Reno, more than 800 used EV batteries are connected to 20 acres of solar panels. It has enough power to run a new AI data center on the site, built by Crusoe, a company that designs and deploys low-carbon compute infrastructure. The data center operates fully off the grid, without an external backup. 'We still expect [the microgrid] to be very, very reliable,' Straubel says. 'In some cases, it might be more reliable, because we have less failure points.' To make it possible to avoid the grid completely, the team built a relatively large amount of solar power and large battery capacity. In other cases, the company will build microgrids that do have a grid connection, but allow data centers to run on their own renewable energy most of the time. Some projects could also be built with backup from gas generators. But there are advantages to off-grid renewable projects. Why companies want to go off the grid Off-grid projects are faster than other alternatives. Right now, the wait time for a new gas turbine can be as long as seven years. Connecting large new renewable energy projects to the grid also takes years because of long delays in the permitting process. A self-contained microgrid can avoid waiting in the interconnection queue. And if it's fully renewable, like the project from Redwood and Crusoe, it can also avoid the long process to get air quality permits. All that a project needs is simple construction permits. The process to build can also happen quickly. (Crusoe's own data center infrastructure, which uses modular, self-contained small units, is also fast to deploy. The new data center is already running in test mode and will be available for Crusoe's cloud customers to use in the coming weeks.) Because renewable energy is cheap, and Redwood's battery system is also affordable, the microgrids can compete head to head with fossil fuels. 'We're seeing prices now that I think are below what you can do with the gas microgrid,' says Straubel. All of this means that even if a tech company doesn't have sustainability as its first priority when it builds a new data center, the microgrid can still be a compelling choice. 'It seems that in this moment, speed and power availability is the number-one topic,' Straubel says. 'Maybe number two would be overall economics. Number three is sustainability. Not to say that people don't care about that—I feel that most of our customers care quite deeply about it. But there's a lot of pressure for everyone to grow fast and balance all these other constraints while doing it.' The potential for scale Data center providers that want to use solar power need to find land in the right location. But one recent analysis found that there was more than enough available land in the U.S. to support the massive energy demand from new data centers—far more than even high-end projections that say that we may need a staggering 300 gigawatts of new energy by 2030 to cover growth. That analysis looked at the feasibility of microgrids that were 90% renewable and 10% gas-powered. But it mapped out potential sites in detail, and points to areas that could also potentially be used for 100% renewable projects. Redwood is already working on other microgrids for other data centers. And over time, as more used EV batteries become available, they can play a greater role for the grid overall. 'The volumes in the automotive and transportation sector are so much higher than in the grid sector,' Straubel says. 'Over the long term, I believe that EV batteries—trucks, cars, robotaxis, all of it—will have an extremely significant role to play in really all bulk energy storage.' It can help the cost of energy storage come down, which is key to helping renewables fully scale up. 'Renewables are our cheapest source of generation today,' he says. 'And I think that's only going to expand. But they're intermittent. We have to find a cost-efficient way to deliver firm, reliable, renewable energy if we have a hope of scaling it. And to me, that is really the long-term main application.' The extended deadline for Fast Company's Next Big Things in Tech Awards is this Friday, June 27, at 11:59 p.m. PT. Apply today.
Yahoo
41 minutes ago
- Yahoo
Crypto Asset Management Market Trends and Investment Opportunities 2025-2030 - Growth in DeFi and Tokenization Drives Demand for Crypto Asset Management Tools in Decentralized Markets
Key opportunities lie in technological advancements like AI, heightened institutional interest, evolving regulations, and emerging crypto financial products Crypto Asset Management Market Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "Crypto Asset Management - Global Strategic Business Report" has been added to global market for Crypto Asset Management was valued at US$2 Billion in 2024 and is projected to reach US$2.5 Billion by 2030, growing at a CAGR of 4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Crypto Asset Management market. The growth in the crypto asset management market is driven by the rising adoption of digital assets, advancements in secure technology, regulatory developments, and an expanding ecosystem of financial products. As more individuals and institutions invest in cryptocurrencies and other digital assets, the need for specialized management solutions is increasing to help investors navigate the complexities of this market. Regulatory developments are also accelerating market growth, as governments and regulatory bodies establish frameworks for digital asset management, creating a more structured environment that appeals to institutional advancements, particularly in blockchain, AI, and secure wallet technology, have further fueled the adoption of crypto asset management solutions. These technologies enhance security, streamline portfolio management, and provide insights for better decision-making, which is essential in a high-risk market like crypto. Additionally, the diversification of digital financial products, such as DeFi, NFTs, and cryptocurrency-based exchange-traded funds (ETFs), has expanded the range of assets that require specialized management. Together, these factors contribute to the strong growth of the crypto asset management market, reflecting the broader trend of digital assets becoming a mainstream component of investment portfolios. Key Insights: Market Growth: Understand the significant growth trajectory of the Android segment, which is expected to reach US$2 Billion by 2030 with a CAGR of a 6.6%. The iOS segment is set to decrease at -2.4% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $518.8 Million in 2024, and China, forecasted to grow at an impressive 11.1% CAGR to reach $742.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Key Questions Answered: How is the Global Crypto Asset Management Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Altpocket, Amberdata, Anchorage, Bakkt, Binance and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Some of the 33 companies featured in this Crypto Asset Management market report include: Altpocket Amberdata Anchorage Bakkt Binance Bitgo Blox Coinbase Coinstats Cointracker The report analyzes the Crypto Asset Management market in terms of units by the following Segments, and Geographic Regions/Countries: Segments: Mobile Operating System (Android, iOS); Application (Mobile, Web-based); End-Use (Enterprise, Individual) Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa. This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage. Key Attributes Report Attribute Details No. of Pages 89 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $2 Billion Forecasted Market Value (USD) by 2030 $2.5 Billion Compound Annual Growth Rate 4% Regions Covered Global MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Global Economic Update Crypto Asset Management - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Adoption of Cryptocurrency Investments by Retail and Institutional Investors Drives Growth in Crypto Asset Management Solutions Expansion of Blockchain Technology in Financial Services Propels Need for Secure and Scalable Crypto Asset Management Tools Demand for Diversified Portfolios with Digital and Traditional Assets Expands Market for Hybrid Asset Management Solutions Growth in Decentralized Finance (DeFi) and Tokenization Drives Demand for Crypto Asset Management Tools in Decentralized Markets Advances in AI and Machine Learning Enhance Risk Management and Predictive Analytics Capabilities in Crypto Asset Management Rising Need for Secure Custody Solutions for Digital Assets Strengthens Market for Custodial Crypto Asset Management Services Increased Adoption of Digital Wallets by Institutional Investors Spurs Demand for Integrated Asset Management Platforms Expansion of Trading and Exchange Platforms with API Integration Supports Demand for Comprehensive Crypto Asset Management Growing Popularity of Staking, Yield Farming, and Earning Platforms Propels Demand for Crypto Management with Yield Tracking Demand for Real-Time Market Analytics and Price Tracking Tools Boosts Adoption of Crypto Asset Management Solutions Increasing Focus on Tax Compliance and Reporting for Digital Assets Expands Demand for Crypto Management Solutions Rising Interest in Tokenized Real Estate and Commodities Enhances Need for Crypto Asset Management in Diversified Portfolios For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Crypto Asset Management Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Wall Street Journal
an hour ago
- Wall Street Journal
SoftBank's Son Lays Out Vision to Be No. 1 in Artificial Superintelligence
TOKYO—SoftBank's 9984 2.54%increase; green up pointing triangle founder wants to make his company the world leader in artificial superintelligence—a hypothetical form of AI that is smarter than humans—within the next 10 years. 'I am betting all in on the world of ASI,' SoftBank Group Chief Executive Masayoshi Son said at an annual shareholder meeting held in Tokyo on Friday.
