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Al-Ahram Weekly
02-07-2025
- Business
- Al-Ahram Weekly
INTERVIEW - Egypt on its way to digitally empowered future: IBM's Lula Mohanty - Economy
Lula Mohanty, managing partner for IBM Consulting MEA, told Ahram Online in an interview during the fourth edition of the Africa Health ExCon that Egypt hosted in June that Egypt's commitment to public sector modernization, AI adoption, and ecosystem collaboration is setting it apart. Egypt's digital transformation is no longer a vision; it is rapidly becoming a reality. From AI-powered government platforms to national-scale health initiatives, the country is emerging as a model for tech-enabled development in the region. During the Africa Health ExCon, Mohanty also revealed how IBM is partnering with key national institutions to drive citizen-centric innovation, elevate service delivery, and build a skilled workforce ready for an AI-first future. Ahram Online: With technology driving transformation across industries, what are some of the most common challenges enterprises face when embarking on large-scale digital initiatives, and how does IBM Consulting help them overcome these? Lula Mohanty: Enterprises remain deeply committed to advancing AI across their organizations, even as they navigate the complexities of rapid technology adoption. According to the IBM Institute for Business Value 2025 CEO Study, rising investment has not yet translated into widespread success; only 25 percent of AI initiatives have met expected returns, and just 16 percent have scaled enterprise-wide. Fifty percent of CEOs report that the rapid pace of AI deployment has resulted in disconnected and fragmented technologies. The pressure to keep up is also driving premature decisions; 64 percent admit to investing in AI technologies before fully understanding their value. Talent remains a significant constraint, with 54 percent of CEOs hiring for AI-related roles that did not exist a year ago, and 31 percent of the workforce expected to need reskilling within the next three years. Meanwhile, 72 percent of leaders recognize their proprietary data as the key to unlocking generative AI's full potential, highlighting the urgency for robust, integrated data strategies to realize long-term value. IBM Consulting is tackling enterprise AI challenges by expanding its consultants' expertise and leveraging IBM Consulting Advantage, its AI-powered delivery platform. This platform integrates with open-source, multi-cloud systems to enable large-scale AI execution. In just one year, it has reached over 85,000 users, produced more than 2,000 digital assistants, and created over 60 industry-specific applications, many of which were built in partnership with companies such as Adobe, AWS, Microsoft, Salesforce, and SAP. This people-plus-software approach embeds AI into workflows for tasks like code modernization, compliance, and complex delivery. AO: Egypt is rapidly positioning itself as a regional digital hub with growing interest in cloud, AI, and government modernization. How is IBM Consulting aligning with this momentum, and what are your immediate priorities for the Egyptian market? LM: Egypt is undergoing a remarkable digital transformation, with strong momentum across public sector modernization, cloud adoption, and artificial intelligence. At IBM Consulting, we are closely aligning with this national ambition by supporting clients on high-impact transformation journeys, particularly where technology can enhance access, efficiency, and citizen outcomes. In the public sector, we have partnered with the Ministry of Finance in collaboration with our strategic partner SAP to implement an integrated platform based on the SAP Tax and Revenue Management for Public Sector solution. The platform is designed to automate business operations, streamline workflows, and enhance the citizen experience, with a successful pilot implemented across 10 tax offices in Greater Cairo. In the energy sector, we have signed a cooperation agreement with ENPPI to support digital transformation in Egypt's oil and gas industries. This collaboration aims to enhance operational efficiency and innovation in one of the country's most strategic sectors, with the potential to impact the broader Middle East. These initiatives reflect our broader commitment to bring trusted, scalable technology and consulting expertise to Egypt's most vital institutions, while investing in local talent, delivery capabilities, and ecosystem partnerships that can sustain long-term progress. Egypt is a key market for us, and we are proud to be helping shape its digital future. AO: As participants in Africa ExCon, to what extent have the tech solutions boosted the healthcare industry across Africa? LM: IBM Consulting has witnessed firsthand how technology, particularly AI, is accelerating the transformation of healthcare systems across the continent. In today's volatile and interconnected world, Africa's healthcare systems must be both agile and resilient. At IBM, we view AI not merely as a tool for efficiency but as a catalyst for sovereignty and long-term transformation of the healthcare system. Across the pharmaceutical value chain, AI is revolutionizing how medicine is made, managed, and delivered. Generative AI and agentic workflows are reducing regulatory documentation timelines from months to weeks. Moreover, AI-powered simulations of clinical trials enable faster and more cost-effective access to life-saving treatments. In procurement, predictive AI tools now integrate real-time data, ranging from disease trends to human migration patterns, enabling more intelligent forecasting and more proactive decision-making. This shift from reactive to predictive healthcare helps prevent shortages and overstocking of essential medical supplies. Furthermore, IBM's work in privacy-preserving AI is unlocking new possibilities in low-data environments. Through federated learning and synthetic data models, we generate reliable insights without transferring sensitive health data across borders, thereby respecting national data sovereignty while enhancing decision-making capabilities. In terms of supply chain transparency, platforms like Pulse by NABP™, developed in collaboration with IBM Consulting, ensure end-to-end traceability of medicines, reduce counterfeit risks, and create a trusted ecosystem that connects all healthcare stakeholders. Health intelligence begins with the collection of large-scale, trusted data. In Egypt, landmark initiatives such as the 100 Million Healthy Lives campaign are laying the groundwork for transformative national health insights. With access to vast patient datasets, AI can help uncover population-level trends, forecast health risks, and support proactive disease management, particularly for chronic conditions such as diabetes, hypertension, and cardiovascular disease. This kind of health data infrastructure is crucial for building preventive, insight-driven systems across the continent. AO: Egypt has a strong talent pool in tech and engineering. How is IBM leveraging local capabilities to deliver both regional and global consulting engagements? LM: The pressure on talent is intensifying as AI accelerates demand for entirely new roles and skillsets, many of which did not exist even a year ago. In the Middle East and Africa (MEA) region, CEOs are responding with urgency: 75 percent cite access to the right expertise, in the right roles, with the right incentives as a key competitive differentiator, well above the global average. Despite this drive, nearly 49 percent still report challenges in attracting or retaining the talent they need. At IBM, we are strategically leveraging Egypt's strong tech and engineering capabilities to help bridge this gap and power both regional and global consulting engagements. Central to this approach is the expansion of IBM Egypt's Centres of Excellence, which are fully integrated into our global delivery network. These centres provide high-value consulting services and technology support across key growth areas, delivering impact for clients worldwide. To sustain this capability and close the AI skills gap, we are also investing in local skills development. We have committed to training two million learners in AI by the end of 2026, with a strong focus on underrepresented communities. In Egypt, this is being realized through our SkillsBuild platform, a free, digital learning initiative offering industry-aligned training and IBM-branded certifications in AI, cybersecurity, cloud, and other in-demand fields. Accessible across all Egyptian governorates, SkillsBuild empowers students, educators, and job seekers to acquire future-ready skills and enhance their employability, both within IBM and across the broader tech ecosystem. AO: You emphasize ecosystem collaboration. How critical are partnerships in achieving successful client outcomes today, especially in markets like MEA and North Africa? LM: At IBM Consulting, we believe the most impactful partnerships are transformational. We collaborate with a diverse ecosystem of technology leaders, including SAP, AWS, and Microsoft, to give our clients the flexibility to choose what works best for them. Instead of anchoring solutions to a single provider, we take an open, collaborative approach that delivers tailored strategies aligned with business goals, technology landscapes, and future growth. It is how we help organizations innovate with confidence and scale with purpose. Our strategic partnerships are also a key lever in delivering at scale. In 2024, three of our global partners each generated over $1 billion in joint revenue with IBM, underscoring the depth and maturity of these collaborations. Since acquiring Red Hat, we have closed over $16 billion in hybrid cloud signings, many of which were enabled by integrated delivery with IBM Consulting. This level of collaboration allows us to move faster and more efficiently for clients in markets like MEA, where innovation and time-to-value are critical. AO: You returned several business units to profitability during your Asia-Pacific tenure. What are the key metrics or principles you rely on to drive sustainable revenue and margin growth? LM: During my time leading IBM Consulting across Asia Pacific, and previously in India and South Asia, my focus was on returning the business to both revenue and profit growth. I have always believed that sustainable performance stems from a disciplined approach to execution, supported by strong client partnerships and empowered teams that expand growth and client relationships. AO: Can you share some recent case studies where IBM Consulting has successfully implemented AI to drive transformation? LM: A standout example of IBM Consulting's AI-driven transformation is our collaboration with Riyadh Air, set to become the world's first digital-native airline. As the airline prepares for its inaugural flights in 2025, IBM is building an enterprise-wide AI foundation using Watson X — our portfolio of advanced AI products — alongside the IBM Consulting Advantage delivery platform. This AI-first approach powers everything from intelligent customer interactions and personalized self-service tools to optimized flight operations and autonomous system workflows. IBM Consulting is helping Riyadh Air become the world's first digital-native airline by integrating Agentic AI to deploy bots and digital workers that enhance internal operations and employee experience. Using the IBM Garage methodology, the two are co-developing AI use cases that support Riyadh Air's innovative vision. The solution prioritizes data security, regulatory compliance, and responsible AI, aligning with Saudi Arabia's Vision 2030 and positioning both the airline and the Kingdom at the forefront of intelligent aviation. Follow us on: Facebook Instagram Whatsapp Short link:
Mint
24-05-2025
- Business
- Mint
How IBM Is Redefining Enterprise Transformation with Responsible AI
Introduction: As artificial intelligence moves from experimentation to enterprise-wide adoption, the real question is no longer if companies should use AI—but how. From intelligent automation to customer experience and business model redesign, AI is reshaping how organizations operate, innovate, and grow. But with this power comes responsibility—around ethics, transparency, and human-centric design. In this exclusive conversation, Rishi Aurora, Managing Partner, IBM Consulting India & South Asia, shares how IBM is helping clients harness AI not just for efficiency, but for sustainable, Trustworthy transformation. Rishi Aurora: We are witnessing a fundamental shift. A few years ago, discussions around automation or AI were rare. Today, almost every client conversation includes expectations around AI—how it will drive productivity and efficiency. We believe we are entering a new era, led by AI, and IBM Consulting is positioned at the forefront of this transformation. What used to be technology transforming businesses has now evolved into AI transforming technology itself. With our platform, IBM Consulting Advantage, consultants are empowered with pre-built AI accelerators, enabling up to 50% gains in productivity in pilot implementations. In India especially, AI is driving transformation across financial services, retail, and healthcare with remarkable speed. Rishi Aurora: Most CXOs have moved past experimentation and are focused on real, scalable programs. Our research shows that 76% of Indian enterprises report a return on investment from AI, and 93% believe it will play a role in multiple use cases across their organization. For example, in BFSI, we've helped reduce KYC processing time by 40% using intelligent automation. In retail, AI-led demand forecasting has streamlined inventory cycles. In customer support, virtual agents are streamlining manual agent onboarding times by nearly 40%. A notable example comes from the cement industry. During a merger and consolidation phase, a client was struggling with product deviations across plants. Using watsonx models, we reduced root cause analysis time from hours to just five minutes, dramatically improving production outcomes and operational clarity. Rishi Aurora: The biggest challenge is trust. While adoption is rising, only 20% of enterprises feel confident moving AI into full production. Key barriers include a lack of skilled talent, fragmented data governance, and unclear accountability frameworks. Our solution is rooted in the principles of Responsible AI, governed by the Five Pillars of Trust: Explainability – Clear visibility into how the AI model arrives at decisions. Fairness – Elimination of bias across gender, caste, geography, or social parameters. Robustness – Ability to scale, remain secure, and operate reliably under stress. Transparency – Full disclosure and auditability of the AI systems in use. Privacy – Data protection aligned with regulations and ethical boundaries. Using watsonx we provide comprehensive monitoring across the model lifecycle—capturing metadata, detecting drift, and integrating seamlessly with other platforms like Amazon SageMaker. Rishi Aurora: AI is freeing up consultants from repetitive, manual work, allowing them to focus on high-impact, strategic activities. This marks the evolution of what we call the "Science of Consulting." By combining the digital workforce with human expertise and integrating processes with ecosystem partnerships, we are delivering outcomes that go beyond efficiency, improving customer experience, reducing turnaround time, and ultimately driving ROI. This shift is about enhancing the role of consultants in enabling transformation at scale. Rishi Aurora: AI is no longer a value-add—it's a non-negotiable foundation of every proposal, every project, and every outcome. Organizations that invest now in AI governance, workforce readiness, and scalable infrastructure will lead the next phase of enterprise growth. We are entering a future where consulting is redefined by hybrid intelligence—a collaborative engine powered equally by human insight and machine intelligence. That's the future we're building at IBM Consulting. As industries accelerate toward digitization, AI is fast becoming the defining lens through which consulting services are delivered and measured. For IBM Consulting, the journey is not just about faster solutions—it's about building trust, transparency, and long-term value in every engagement. With a strategic focus on Responsible AI and a growing library of real-world success stories, IBM is setting the standard for a new era of consulting, where insight is data-driven, delivery is intelligent, and transformation is continuous.
Yahoo
23-05-2025
- Business
- Yahoo
IBM vs. Accenture: Which Stock Stands Out in the Consulting Game?
International Business Machines Corporation IBM and Accenture ACN are major players in the digital transformation and consulting space worldwide. IBM's Consulting business focuses on designing, creating and operating various technology and business processes based on open or hybrid cloud architecture powered by generative AI. The enterprise clients collaborate with IBM to build and implement tailored solutions securely and transform their processes with AI and is also a prominent player in the field. Its strategy and consulting services ensure operational improvements, enhance competitiveness, optimize cost and streamline every part of the enterprise's deep industry acumen and a focus on investing in advanced technologies, both IBM and Accenture are strategically positioned to match the dynamic nature of enterprises' digital transformation initiatives. Let us dive a little deeper into the companies' competitive dynamics to understand which of the two is relatively better placed in the industry. IBM Consulting business is benefiting from growth in technology consulting, supply chain and business application transformations. The company's robust AI technologies from the software segment, coupled with its broad partner ecosystem, which includes AWS, Microsoft, Oracle and SAP SE SAP, allow it to seamlessly develop intelligent operation services for its customers. The company's IBM Consulting Advantage is an AI delivery platform that equips IBM consultants with industry and business domain-specific AI assistants integrated with IBM Granite and various other leading AI models. The solution is a game changer compared to legacy traditional consulting approaches, allowing IBM to deliver solutions at scale and accelerate time to its partner ecosystem, IBM is expanding its market reach in various sectors. It has collaborated with SAP to tap generative AI technology within the retail industry. The collaboration is likely to facilitate higher productivity and help accelerate business transformation in consumer-packaged goods and retail firms. The technology focuses on feeding external data such as weather, traffic and local events into the SAP Direct Distribution solution and applies AI to identify optimal store delivery routes to reduce costs. IBM's effort to diversify its portfolio to create new revenue-generating opportunities augurs well for long-term current macroeconomic uncertainty and growing geopolitical volatility continue to impact client spending decisions. This is hindering IBM Consulting's net sales growth. In the first quarter of 2025, the company's consulting signings decreased 10.5% year over year. Intensifying competition from other major players, such as Accenture, Infosys, and Tata Consultancy Services, particularly remains a company is steadily improving its product offerings through innovation and strategic acquisitions to address these issues. IBM recently acquired Hakkoda Inc., a prominent data consultancy provider. Integration of Hakkoda's capabilities in migrating, modernizing and monetizing data estates along with comprehensive generative AI capabilities with IBM Consulting will allow it to match the growing demand for AI-transformation initiatives across industries. IBM is also acquiring Oracle consulting companies to enhance its consulting expertise in Oracle Cloud applications. Growing spending on application modernization and maintenance, cloud enablement and cybersecurity-as-a-service boasts a solid growth opportunity for Accenture. Organizations across industries are prioritizing improving productivity and saving operational costs by transforming their operations through data and analytics, automation and artificial intelligence. These emerging market trends are driving demand for Accenture's managed services company places a strong emphasis on developing a robust digital core by utilizing cloud, data and AI, and technology evolution. It continuously innovates its services and capabilities through early adoption of advanced technologies, including generative AI, blockchain, robotics, 5G and edge computing. Moreover, strategic collaboration with major technology giants like Amazon Web Services, Cisco, Databricks, Google, HPE, SAP, and Oracle drives innovation and boosts competitive edge. The company recently joined forces with Dell and NVIDIA to provide enterprise customers with an open, interoperable, scalable solution that accelerates AI transformation initiatives. The company has been witnessing steady customer growth in the finance domain. The largest financial group in Finland, the OP Financial Group, has recently opted to leverage Accenture's solution to modernize its insurance business processes. Apart from in-house innovation, the company is acquiring a large number of companies to venture into high-growth although this strategy improves revenue generation opportunities and enhances market reach, it also raises integration risks. This could impact organic growth going forward. In the IT services and consulting market, the company faces competition from IBM, Infosys and Capgemini. This put pressure on pricing. Macroeconomic headwinds remain a concern. The Zacks Consensus Estimate for IBM's 2025 sales and EPS implies year-over-year growth of 5.5% and 6%, respectively. The EPS estimates for 2025 and 2026 have been trending northward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Accenture's 2025 sales and EPS implies year-over-year growth of 5.41% and 6.11%, respectively. The EPS estimate for 2025 has remained unchanged for the past 60 days, and the estimate for 2026 has been trending southward over the past 60 days. Image Source: Zacks Investment Research Over the past year, IBM has gained 50.5%, while Accenture has gained 3.1% over the same period. Image Source: Zacks Investment Research Going by the price/earnings ratio, IBM's shares currently trade at 23.02 forward earnings, slightly lower than 23.95 for Accenture. Image Source: Zacks Investment Research Both IBM and Accenture carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks has shown steady revenue growth for years, while IBM has been facing a bumpy road. However, IBM's broad technology portfolio, integration of cutting-edge hybrid cloud and AI technologies, gives it a competitive edge. Better price performance and upward estimate revision highlight investors' growing confidence. Hence, IBM seems to be a better investment option at the moment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
30-04-2025
- Business
- Mint
Unpacking the AI Revolution in Consulting with IBM and Mint
A compelling webinar hosted by Mint in collaboration with IBM recently delved into the transformative power of artificial intelligence within the consulting industry. Titled "The Reinvention of Consulting — How IBM is Supercharging Its Employees with AI," the session offered invaluable insights into how IBM Consulting is leveraging AI to empower its consultants and deliver enhanced value to clients. Moderated expertly, the webinar commenced by setting the stage for the AI-driven revolution sweeping across the global consulting landscape, with a particular focus on India's dynamic market. Drawing upon the IBM CEO Study 2023, the moderator highlighted that a significant 75% of global CEOs recognize generative AI as the key to future competitive advantage. This sentiment resonates strongly in India, where over 60% of enterprises are already integrating AI into their core operations, as noted in the NASSCOM Report 2023. At the forefront of this transformation is IBM Consulting Advantage, IBM's innovative AI services platform powered by IBM watsonx. This cutting-edge platform is equipping consultants with the tools they need to deliver smarter, faster, and more impactful outcomes for their clients. The session featured Mr. Rishi Aurora, Managing Partner, IBM Consulting, India & South Asia, who brought his extensive 25 years of experience in driving transformational change to the discussion. Mr. Aurora shared IBM's perspective on the profound impact of AI on the consulting industry, emphasizing that AI is no longer just an efficiency driver but a fundamental force creating tangible business results, as highlighted by the IBM Institute for Business Value. He elaborated on how IBM Consulting Advantage provides consultants with access to pre-built AI assets, leading to remarkable productivity gains of up to 50% in pilot phases, as reported by IBM Newsroom. Focusing on the Indian context, Mr. Aurora underscored the accelerated pace of AI adoption across crucial sectors like BFSI, healthcare, and retail. The conversation then shifted to real-world applications of AI in consulting. Mr. Aurora shared compelling examples of how IBM Consulting is collaborating with clients to drive tangible improvements. In the BFSI sector, AI-powered automation has led to over a 40% reduction in KYC processing times, as evidenced by IBM Client Success Stories. In retail, AI is being implemented for demand forecasting, optimizing inventory cycles. Furthermore, AI-powered virtual agents have significantly enhanced customer service, reducing manual call operations by an impressive 80-100% and accelerating agent onboarding by 30-40%, according to a Diginomica Report. Mr. Aurora emphasized how IBM's Consulting Advantage platform significantly accelerates the time to value for these solutions. Addressing the potential challenges and risks associated with AI adoption, Mr. Aurora highlighted the existing trust gap, with only 20% of businesses feeling fully confident in deploying AI models into full production, as reported by BizTech Magazine. Ethical concerns also loom large, with approximately 80% of executives viewing AI ethics as a hurdle in moving from pre-production to full deployment. To mitigate these concerns, Mr. Aurora detailed IBM's robust Responsible AI Framework, anchored by This framework offers end-to-end lifecycle monitoring and governance, automating risk management by capturing model metadata, monitoring for bias and drift, and ensuring compliance at scale. Notably, IBM's AI governance solutions are designed for seamless integration with third-party platforms like Amazon SageMaker, as demonstrated by the AWS x IBM Governance Collaboration. In his concluding remarks, the moderator aptly summarized the key takeaways, emphasizing how AI is not merely enhancing but fundamentally reinventing the consulting landscape. From enabling smarter engagement models and accelerating solution delivery to championing the responsible and ethical application of AI, IBM Consulting is establishing a global benchmark for future-ready advisory services. The webinar served as a powerful demonstration of AI's potential to revolutionize the consulting industry, offering valuable insights for businesses navigating their own AI adoption journeys. The collaboration between Mint and IBM provided a platform for a crucial conversation, underscoring the importance of strategic AI implementation for enhanced business performance and broader societal impact. Note to the reader: This article is part of Mint's paid consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. First Published: 30 Apr 2025, 06:34 PM IST
Yahoo
07-04-2025
- Business
- Yahoo
IBM Acquires Hakkoda Inc., Expanding Data Expertise to Fuel Clients' AI Transformations
ARMONK, N.Y., April 7, 2025 /CNW/ -- IBM (NYSE: IBM) today announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI-powered business operations. Hakkoda has leading capabilities in migrating, modernizing, and monetizing data estates and is an award-winning Snowflake partner. This acquisition amplifies IBM's ability to meet the rapidly growing demand for data services and help clients build integrated enterprise data estates that are optimized for speed, cost and efficiency across multiple business use cases. Hakkoda also brings a strong portfolio of generative AI powered assets that can speed up data modernization projects. Their industry solutions complement and build on their consultants' deep expertise in industries like financial services, public sector, and healthcare and life sciences. Hakkoda will further expand IBM's ability to bring both consulting expertise and AI to clients using its AI-powered delivery platform, IBM Consulting Advantage. "IBM is at the leading edge of the consulting industry with how we're supercharging our consultants with AI," said Mohamad Ali, Senior Vice President and Head of IBM Consulting. "With Hakkoda's data expertise, deep technology partnerships and asset-centric delivery model, IBM will be even better positioned to deliver value faster to clients as they transform with AI." "From the beginning, Hakkoda has committed to being 'in the arena', not observing the greatest transformation in history but shaping it," said Erik Duffield, CEO and Co-founder of Hakkoda. "It is because of this that we are excited to join IBM at this critical moment when organizations are looking for a trusted partner to help them modernize their data for the AI era. IBM's heritage of innovation, their commitment to discovery and deep partnerships with clients on their most technical challenges is a perfect pairing to take Hakkoda's industry focused modern data consulting to the global marketplace." Estimated global spending for enterprise intelligence services initiatives stands at $169 billion and, with a five-year CAGR of about 13 percent, is expected to grow to more than $243 billion by 2028, according to IDC1. To extract value from their data, business leaders need a thoughtful data migration strategy and a modern, multi-use case data platform on the cloud. As an Elite Snowflake partner, Hakkoda brings hundreds of SnowPro core and advanced certifications. They were named the 2024 Snowflake Healthcare & Life Sciences Services Partner of the Year and 2023 Snowflake Americas System Integrator Innovation Partner of the Year. Hakkoda is also an advanced-tier partner of AWS. Hakkoda is headquartered in New York and brings hundreds of experts across the United States, Latin America, India, Europe, and the United Kingdom to IBM Consulting. For more information on Hakkoda, visit The acquisition closed on April 2, 2025, and financial details of the transaction were not disclosed. About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit for more information. Media ContactMichelle MattelsonIBM External Relationsmorrison@ 1 IDC Worldwide Enterprise Intelligence Services Forecast, 2024–2028, doc # US51423624, July 2024 View original content to download multimedia: SOURCE IBM View original content to download multimedia:
