Latest news with #Kyndryl
Yahoo
3 days ago
- Business
- Yahoo
Kyndryl Report: Why Most Businesses Are Not Yet Winning With AI
71% of business leaders say their workforces are not ready to successfully leverage AI CEOs and CIOs/CTOs have different views on AI's workforce impact A small group – 14% of companies – is deploying AI for commercial use while future-proofing their workforces NEW YORK, May 29, 2025 /PRNewswire/ -- A new global study released today by Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, found that only a small number of organizations have taken steps to align their workforce strategies with the growth of AI technology. Those that have done so have positioned themselves ahead in the race to deliver positive return on investments in the technology. Based on a survey of more than 1,000 senior business and technology executives across 25 industries and eight geographies, Kyndryl's first People Readiness Report reveals a striking gap between AI investment and workforce preparedness: 95% of businesses have invested in AI 71% of leaders say their workforces are not yet ready to successfully leverage the technology 51% believe their organizations lack the skilled talent needed to manage AI 45% of CEOs think most employees are resistant or even openly hostile to AI Workforce readiness varies by industry. Businesses in Banking, Financial Services and Insurance report the highest levels of preparedness, while those in Healthcare report trailing behind. "Only a small group of businesses have been able to harness AI successfully for business growth," said Michael Bradshaw, Global Practice Leader for Applications, Data and AI. "This report shows that while data architecture and technology infrastructure are key pieces of the puzzle, organizations that do not prioritize their workforces will miss out." Despite widespread attempts at implementation, most organizations are not currently benefiting from game-changing use cases that will drive new products and services for their customers. Generative AI tools are the most popular use case reported by those surveyed, yet only 4 in 10 leaders report using AI-powered insights to enhance decision-making or unlock growth for their business. Just one-fifth of leaders say the primary use case of AI at their organization is to develop new products and services for customers. Yet this research also reveals that a small subset of AI Pacesetters has leveraged AI for business growth while addressing workforce readiness. They are making strategic workforce decisions and seeing benefits across their employee population. Pacesetters are uniquely addressing 3 key barriers that are inhibiting AI adoption, and they are seeing benefits from their actions across: Organizational change management: AI Pacesetters are three times more likely than others to report a fully implemented change management strategy for AI in the workplace. Lack of employee trust in AI: AI Pacesetters are 29% less likely to cite fears around AI affecting employee engagement. Skill gaps: AI Pacesetters are 67% more likely to agree that their organization has the tools and processes to accurately inventory the skills employees currently have. Four in 10 report no skills challenges at all. "Preparing your workforce for the era of AI is easy to say, hard to do and an urgent imperative for business leaders," said Maryjo Charbonnier, Chief Human Resources Officer at Kyndryl. "At Kyndryl, we run an entire ecosystem of culture and systems that readies our people and our business for continuous change. It's about anticipating the business impacts of AI, understanding and integrating your skill data with your customer demand and having a multi-pronged approach for equipping employees to build the skills they need and learn to effectively use generative AI tools in their work." Compared to CIOs and CTOs, CEOs are far more likely to say their organization is still in its early stages of AI, and two and a half times more likely to say their infrastructure is inadequate to support it. This difference also extends to how they choose to solve AI-related workforce challenges and the individual skills they believe their organization needs to be successful. CEOs are far more likely to turn to outside talent rather than upskilling their own employees. "The encouraging news is that businesses that can get alignment at the top are not only marching in the same direction, but are seeing benefits," said Kim Basile, Chief Information Officer at Kyndryl. "This work isn't easy, but aligning technology strategies with broader business goals is the top action leaders need to take to fully benefit from AI." To read the full report, visit Kyndryl's People Readiness Report. About KyndrylKyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit Kyndryl press contactpress@ View original content to download multimedia: SOURCE Kyndryl
Yahoo
3 days ago
- Business
- Yahoo
KYNDRYL TO SPEAK AT BANK OF AMERICA INVESTOR CONFERENCE ON JUNE 3
NEW YORK, May 28, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that Chief Financial Officer David Wyshner will speak at the Bank of America Global Technology Conference on Tuesday, June 3, 2025 at 2:20 p.m. ET. During the course of the event, Mr. Wyshner will discuss the Company's business and financial performance. To listen to the live webcast, please visit Kyndryl's investor relations website at A replay of the webcast will be available approximately 24 hours after the live presentation. About KyndrylKyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit Kyndryl Investor Contact:investors@ Kyndryl Media Contact:press@ View original content to download multimedia: SOURCE Kyndryl 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
Associated Press
3 days ago
- Business
- Associated Press
Kyndryl Modernizes the Virginia Department of Motor Vehicles' IT Systems to Transform the Customer Experience
NEW YORK, May 28, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that it is working with the Virginia Department of Motor Vehicles (DMV) to modernize the customer experience. The initiative aims to speed up and improve the processing of over 200,000 transactions daily. The Virginia DMV has engaged Kyndryl to replace its Citizen Services Solution (CSS) with a cloud-native architecture to power its vehicle, driver and business applications. The new system, called MAX, was developed in the State of Arizona and is available to other jurisdictions through an intergovernmental agreement. The project will migrate and update critical applications from a mainframe system to a more modern and flexible cloud infrastructure on Microsoft Azure. The MAX system, implemented by Kyndryl, will be used by internet users and DMV employees throughout the Commonwealth of Virginia at DMV headquarters, customer service centers and call centers, and will interface with other agencies throughout Virginia and across the nation. 'The DMV technology transformation has been years in the making,' said Virginia Secretary of Transportation W. Sheppard Miller III. 'With Governor Glenn Youngkin's commitment to a best-in-class DMV, we now have a winning plan and a winning partner in Kyndryl, and the citizens of Virginia will be the real winners.' 'As the Commonwealth agency with the most direct interaction with Virginians, it is our responsibility to continually enhance the services we provide. The MAX system is not only transforming our operations to meet today's demands, but we are also setting the stage for a more efficient, secure and customer-focused future,' said Gerald Lackey, Commissioner of the Virginia DMV. 'This modernization will ensure that we are better equipped to support daily transactions, while improving the overall experience for our customers.' James Rutledge, President, Kyndryl U.S., added, 'This modernization underscores Virginia's focus on delivering streamlined, technology-driven services that reduce costs and improve outcomes. By leveraging innovative technology, we are excited to help the Virginia DMV team enhance efficiency, security and accessibility while providing a better experience for residents and maximizing the impact of public resources.' Kyndryl's work to modernize the Virginia DMV will: About Kyndryl Kyndryl is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit Kyndryl Press Contact [email protected] View original content to download multimedia: SOURCE Kyndryl
Yahoo
22-05-2025
- Business
- Yahoo
1 Small-Cap Stock with Exciting Potential and 2 to Be Wary Of
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors. The downside that can come from buying these securities is precisely why we started StockStory - to isolate the long-term winners from the losers so you can invest with confidence. Keeping that in mind, here is one small-cap stock that could amplify your portfolio's returns and two that could be down big. Market Cap: $852.8 million Starting as a small millwork shop, American Woodmark (NASDAQ:AMWD) is a cabinet manufacturing company that helps customers from inspiration to installation. Why Do We Steer Clear of AMWD? Customers postponed purchases of its products and services this cycle as its revenue declined by 8.1% annually over the last two years Flat earnings per share over the last five years underperformed the sector average Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 5.7 percentage points At $57.49 per share, American Woodmark trades at 7.6x forward P/E. Check out our free in-depth research report to learn more about why AMWD doesn't pass our bar. Market Cap: $9.16 billion Born from IBM's managed infrastructure services business in a 2021 spinoff, Kyndryl (NYSE:KD) is the world's largest IT infrastructure services provider that designs, builds, and manages technology environments for enterprise customers. Why Is KD Not Exciting? Products and services are facing significant end-market challenges during this cycle as sales have declined by 6% annually over the last four years Lacking free cash flow generation means it has few chances to reinvest for growth, repurchase shares, or distribute capital Negative returns on capital show management lost money while trying to expand the business Kyndryl is trading at $39.35 per share, or 19x forward P/E. Read our free research report to see why you should think twice about including KD in your portfolio, it's free. Market Cap: $9.00 billion The passion project of two chicken wing aficionados in Texas, Wingstop (NASDAQ:WING) is a popular fast-food chain known for its flavorful and crispy chicken wings offered in a variety of sauces and seasonings. Why Do We Love WING? Average same-store sales growth of 16.9% over the past two years indicates its restaurants are resonating with diners Healthy operating margin of 25.3% shows it's a well-run company with efficient processes Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends Wingstop's stock price of $320 implies a valuation ratio of 81.1x forward P/E. Is now a good time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Kyndryl Announces €100 Million Data, AI and Cyber Resilience Investment in France
Investment to accelerate France's digital transformation and economic growth with a focus on new hires, AI private cloud services and a digital hub in Sophia-Antipolis PARIS, May 19, 2025 /PRNewswire/ — As part of 'Choose France,' Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, announced that it will invest up to €100 million over three years in France to strengthen the country's capabilities in data, artificial intelligence (AI) and cyber resilience. 'I welcome the decision by Kyndryl, a leading player in enterprise technology services, in the expansion of their activities in France. This investment reflects the strength of our ecosystem, and the confidence France inspires when it comes to supporting ambitious technology projects. This initiative, facilitated by the teams of Business France, further reinforces our position as a leading innovation hub — built on world-class talent, a clear vision, and a stable, forward-looking environment,' said Marie-Cécile Tardieu, Chief Operating Officer of Business France. 'Today's investments and initiatives aim to prepare the French economic fabric to face the challenges of tomorrow and remain competitive on the international stage,' said Jérôme Calmelet, Kyndryl France President. 'Kyndryl is committed to supporting French companies in their digital transitions and contributing to economic growth and innovation in France.' Kyndryl's investment embraces France's ambition to deploy new technologies and grow talent and skills for economic growth and competitiveness—and seeks to support the in-demand skills for the businesses of the future. The investment plan includes: The hiring of up to 300 experts and leaders in data, AI, and cyber resilience to guide and support existing and new customers in France, enhancing their enterprise readiness for future business risks and opportunities. The launch of an AI private cloud for French customers that want to speed-up the development and deployment of enterprise AI solutions in a secure environment. Kyndryl's suite of AI private cloud services and consulting expertise are designed to deliver a seamless, end-to-end experience for enterprise-grade AI solutions – from design and rapid development to full operation. A new digital hub dedicated to AI & cybersecurity in Sophia-Antipolis bringing global expertise to partner and innovate with organizations in France. In partnership with graduate schools and research centers, the digital hub will also welcome students and provide career opportunities in the areas of AI and cybersecurity. In recent research, Kyndryl cited that only 28% of French business leaders say their workforces are completely ready to take advantage of AI, and half (50%) report there is a lack of skilled talent to manage the technology. Today's announcement demonstrates Kyndryl's commitment to build the critical skills, talent and IT infrastructure needed to advance France's technology agenda. About KyndrylKyndryl (NYSE: KD) Kyndryl is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit Kyndryl Press Contactpress@ Forward-Looking StatementsThis press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as 'aim,' 'anticipate,' 'believe,' 'contemplate,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'objectives,' 'opportunity,' 'plan,' 'position,' 'predict,' 'project,' 'should,' 'seek,' 'target,' 'will,' 'would' and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the Company assumes no obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the 'Risk Factors' section of the Company's most recent Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.
