Kyndryl completes hyperscaler trifecta with AWS partnership.'IBM is now a very different company' says CEO as Q1 2022 beats expectations.Infrastructure services giants still weighed down by clouds.What this means is that - in theory - mainframe customers can choose the right platform for the right workload, it said. Instead, Kyndryl talked up the creation of a hybrid environment that makes mainframe data available via Azure and opens it up to the benefits of cloud-based applications, machine learning and AI. Integrating cloud-based functionality with the mainframe not only preserves the value of existing enterprise IT investments, but enhances them to enable faster digital transformation, Kyndryl claimed, which hints that it doesn't quite see the mainframe going away just yet. It involves deploying an Azure Stack HCI environment alongside a mainframe in one of Kyndryl’s zCloud Centers, or a customer’s own datacenter, then using that as the integration point between the mainframe and the Microsoft Power Platform. How it utilizes that partnership remains to be seen.In a short video, Kyndryl's VP and CTO for zCloud Richard Baird discloses how the company has linked its zCloud platform and Microsoft Azure. IBM will be the company’s largest client and partner going forward. “We will also have more freedom to invest in and build on our capabilities to serve an addressable market that we expect to expand to over $500 billion by 2024, which is being driven by an explosion in data, migration to the cloud to manage all the data and analytics, and an urgent and obvious need to make information and technology systems more secure.” “As an independent company, we will be flatter, faster, more focused and organized around high-priority customer needs and opportunities,” Schroeter wrote in the company’s Form 10 Registration Statement with the SEC. Martin Schroeter, IBM’s former CFO, and the new Chairman and CEO of Kyndryl, said Kyndryl can expand its addressable market to more than $500 billion by mid-decade. It will too continue to face a phalanx of strong competitors such as Accenture, DXC Technology, Atos, Fujitsu, Infosys, Rackspace, Tata Consultancy Services, and Wipro. In addition, according to a recent SEC filing, Kyndryl had 5,100 customers in 2018, 4,600 customers in 2019, and 4,400 in 2020, the article stated. And for the first six months of 2021, revenue was $9.52 billion, which will mean $19 billion for the year if revenue stays constant. In 2018, the managed-services unit of GTS brought in $21.8 billion in revenue. Business in 2020 was down 4.5% compared to 2019, and it fell 7% from 2018 to 2017, according to a recen Network World article. Core Enterprise and zCloud: Modernize and extend legacy IT to cloud-enabled hybrid, open platforms to gain agility and flexibility.Digital Workplace: Enterprise mobility services to help you plan, manage and secure your digital workplace.Security and Resiliency: Enable resilient models to mitigate risks and ensure business continuity.Cloud Services: Simplify complex hybrid IT management for greater visibility, manageability and flexibility.Networking and edge technologies are just a part of the overarching Kyndryl business, which comprises six global managed-service practices including: Kyndryl offers network-specific offerings including network consulting and fully managed network packages as well as software-defined networking services that help enterprises build programmable network fabrics that include SD-WAN, data center, branch, and LAN technologies. “Using 5G at the edge to run the vast amount of data being unlocked in the cloud is just one of the transformational areas we know are important to customers.” “It’s difficult to imagine moving forward on digitalization and cloud computing without rearchitecting the network-it is a foundational component,” Milton said. Part of that effort is helping large firms add new technologies to their enterprises. Milton said the company and its customers have three core challenges to address: The general speed of digital transformation implementing strong security, which includes technology and skills and the ability to gather and protect insightful information from the data many companies are unlocking. “We expect to continue helping some of the world’s really complicated, large organizations with their digitalization efforts and help them move forward and become more secure and resilient,” said Matt Milton, President, Kyndryl US.
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