IBM's planned NewCo spinoff signals a 'maniacal focus' on hybrid cloud, AI

Healthcare IT News

Mike Miliard

IBM announced Thursday that it will split into two separate companies – with one firm maintaining the three letters that date back nearly a century, and a newer publicly-traded operation that as of today is known simply as NewCo.

IBM will be focused even more intently on innovating its cloud platform and artificial intelligence tools, helping healthcare and other customers continue their digital transformation efforts, executives say. NewCo, meanwhile, will concentrate on helping clients drive operational efficiencies and revenue through infrastructure modernization and IT optimization.

IBM Chief Executive Officer Arvind Krishna said he sees...

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