Tuesday, June 22, 2021

IBM to open three analytics centers in Europe

IBM Corp. said on Thursday it will open three analytics centers in Europe, part of its growing business analytics business highlighted by its US$1.7 billion offer earlier this week for vendor Netezza.

The centers will be in Zurich, Budapest and Vienna, IBM said. Zurich will focus on financial analytics and “Smarter Cities,” an IBM program that uses its technologies to help government improve their city infrastructures. The Budapest center will work on green infrastructure and transportation, while Vienna will focus on energy grids, supply chain optimization and Smarter Cities, IBM said.

IBM said the three centers will be part of its global analytics network that help its clients see patterns in data and collect intelligence about their businesses.

The company is predicting it will have US$16 billion in business analytics and optimization revenue by 2015. In the last four years, IBM has completed 23 acquisitions in the field and invested $12 billion. It employs some 6,000 consultants. The company’s software and service analytics revenue grew 14 per cent in the second quarter of this year, IBM said.

Netezza makes data warehouse appliances. The company was an IBM partner and used IBM hardware and software in its applications. IBM said it will incorporate Netezza’s products in its Information Management software portfolio.

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