IBM and Yonsei University Unveil Collaboration to Bring IBM Quantum System One to Korea

• Korea set to become the fourth country to have a co-located IBM Quantum System One
• The Yonsei – IBM Quantum Collaboration aims to grow the quantum workforce and foster economic opportunities in Korea, a critical step for building a quantum industry

SEOUL, November 16, 2021 — Today at the IBM Quantum Summit, IBM  and Yonsei University announced that Korea is expected to become the fourth country in the world to have an on-premises IBM Quantum System One after the United States, Germany, and Japan.

Expected to be deployed at the Songdo International Campus, this milestone ushers in a new era of quantum workforce development in Korea, which is also driven by the Korea Ministry of Science and ICT to foster about 1,000 researchers and scientists by 2030 . According to the IBM Institute for Business Value’s “The Quantum Decade” report, “only about 3,000 skilled quantum workers exist today, and that base needs to be doubled or quadrupled.”

As part of the planned collaboration, Yonsei intends to work with IBM to advance quantum computing and grow the pool of quantum talent, with a goal to make quantum computing practical for the benefit of industry, science and society. IBM and Yonsei University plan to bring together industry, academic, and research institutions in Korea, establishing a local ecosystem to focus on strategically significant research and development activities, and fostering economic opportunities in Korea.

As part of this effort, a high priority will be placed on building quantum programming, application and technology development skills and expertise. This next-generation national quantum competency will follow Korea’s already established model in building previous competencies in the semiconductor, electronics, and automobile technology areas.

“IBM brings decades of research to advance quantum computing across three key areas: hardware, software and ecosystem development. We are committed to the growth of the global quantum ecosystem and fostering collaboration between research communities,” said Jay Gambetta, IBM Fellow and VP of Quantum Computing. “IBM is pleased to partner with Yonsei University in Korea to advance the local quantum workforce and we look forward to working closely with the University’s team and broader ecosystem.”

The announcement is also aligned with the initiative of the Korean Government to develop and grow national competency in quantum technology. The Korea Ministry of Science and ICT announced “The investment strategy on research and development of quantum technology” this year to increase investment in establishing foundation of quantum study, fostering talent and expanding global collaboration as well as promoting industry innovation based on quantum technology.

Yonsei University joins more than 170 members of the IBM Quantum Network, a global community of ‎Fortune 500 companies, start-ups, academic institutions and research labs working to advance ‎quantum computing and explore practical applications. In Korea, Yonsei will be the second Hub in the region, in addition to the first Hub at Sungkyunkwan University. Samsung Advanced Institute of Technology and Korea Advanced Institute of Science and Technology (KAIST), among others, are also working with IBM Quantum to establish an important foundation for securing national competitiveness in quantum computing.

Seoung Hwan Suh, President of Yonsei University, said, “I believe that quantum computing is the next generation technology that can bring a breakthrough to the high-tech material and bio technology industries. IBM is truly the world leader with hardware and software technology, development roadmaps and clear vision for quantum computing. Yonsei University, which has the largest medical network and research manpower in Korea, expects to be able to create synergy in research and education based on quantum computing through collaboration with IBM. We look forward to partners joining us to help establish Yonsei University as Korea’s quantum computing hub.”

Sung Shik Won, GM of IBM Korea, continued, “IBM believes that building a global ecosystem and open adoption for quantum computing is key to advancing development and application of quantum computing in science and business. Korea already has outstanding capabilities across various industries and research fields – from bio technology and medical to manufacturing and financial services. This cooperation between IBM and Yonsei University to establish a Quantum computing ecosystem will only serve to further strengthen the country’s capabilities.”

The IBM Quantum System One at Yonsei is expected to be online in 2023.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only.

About IBM Quantum
IBM Quantum is an industry-first initiative to build universal quantum systems for business and science applications. For more information about IBM’s quantum computing efforts, please visit www.ibm.com/quantum-computing/

Posted by / November 22, 2021 / Posted in News

IBM Completes the Separation of Kyndryl

ARMONK, N.Y., November 3, 2021 – IBM (NYSE: IBM) announced today that it has completed the separation of its managed infrastructure services business to Kyndryl. Starting on November 4, 2021, Kyndryl will begin “regular way” trading on the New York Stock Exchange under the symbol “KD.”

Each holder of IBM common stock will receive one share of Kyndryl common stock for every five shares of IBM common stock held on October 25, 2021, the record date for the distribution. For United States federal income tax purposes, the distribution has been conducted in a tax-efficient manner for IBM stockholders in the United States.

“The separation of Kyndryl is one of many actions we are taking to sharpen our focus on hybrid cloud and AI, leverage a portfolio clearly focused on technology and consulting, and achieve our growth objectives,” said Arvind Krishna, IBM chairman and chief executive officer. “We look forward to our partnership with Kyndryl as it moves forward as an independent company.”

As previously stated, IBM is retaining 19.9 percent of the shares of Kyndryl common stock, with the intention of exchanging those shares for IBM debt during the 12-month period following the distribution, subject to market considerations.

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; a failure of the company’s innovation initiatives; damage to the company’s reputation; risks from investing in growth opportunities; failure of the company’s intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; the possibility that the proposed separation of the managed infrastructure services unit of the company’s Global Technology Services segment will not be completed within the anticipated time period or at all, the possibility of disruption or unanticipated costs in connection with the proposed separation or the possibility that the separation will not achieve its intended benefits; the company’s ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; fluctuations in financial results; impact of local legal, economic, political, health and other conditions; the company’s failure to meet growth and productivity objectives; ineffective internal controls; the company’s use of accounting estimates; impairment of the company’s goodwill or amortizable intangible assets; the company’s ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; reliance on third party distribution channels and ecosystems; cybersecurity and data privacy considerations; adverse effects from environmental matters, tax matters; legal proceedings and investigatory risks; the company’s pension plans; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company’s Form 10-Qs, Form 10-K and in the company’s other filings with the United States Securities and Exchange Commission or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.

Posted by / November 22, 2021 / Posted in News

Caesars Entertainment Partners with IBM and Salesforce, Leveraging Technology to Deliver Transformative VIP Experiences

Hotel and gaming pioneer to create more intelligent and personalized hospitality, entertainment and shopping experiences for guests, powered by Salesforce

SAN FRANCISCO,  — Global consulting agency Bluewolf, an IBM Company (NYSE: IBM), and Salesforce (NYSE: CRM), the global leader in CRM, today announced that Caesars Entertainment Corporation (NASDAQ: CZR), one of the world’s most diversified gaming and entertainment companies, is working with Bluewolf and Salesforce to enhance guest experiences.

Caesars Entertainment is one of the most recognized names in gaming, with nearly 50 casinos including the Caesars, Harrah’s and Bally’s brands. With a new generation of customers focused on digital experience, brands are looking at unique ways to differentiate themselves. To extend its leadership in the hospitality space, Caesars Entertainment sought new and innovative uses of technology that would result in unforgettable experiences for its guests and enhance customer service—both of which will result in long-term customer loyalty. Bluewolf’s deep Salesforce expertise and commitment to a collaborative and value-driven approach to digital transformation made them the ideal partner to help lead Caesars Entertainment to success.

«With properties across the globe and approximately 115 million guest visits per year, Caesars Entertainment has a diverse customer base who enjoy a variety of unique experiences,» said Jennifer Nocco, VP Marketing and Strategy, Caesars Entertainment. «Some guests are focused on our fine dining experiences or gaming, while others are interested in seeing a show by one of our world-class performers. No matter what their interests are, our partnership with Bluewolf and Salesforce allows us to better understand their needs and helps us take our customer service to the next level.»

With Bluewolf’s help, Caesars Entertainment is aggregating legacy systems and historical customer data from multiple sources to create one unified customer profile (UCP). By leveraging Salesforce Lightning Platform services, including Heroku and Salesforce IoT, Service Cloud and Marketing Cloud, Caesars Entertainment is using the UCP to connect into all aspects of the guest experience—from gaming to dining, entertainment and shopping—enabling its marketers to personalize communication and incentives in real-time.

«To drive business transformation, market leaders need an experience-based strategy and delivery approach to achieve innovative change with Salesforce,» said Eric Berridge, co-founder and CEO of Bluewolf. «We’re building a platform for Caesars that will enable them to scale and deliver unforgettable experiences for every guest.»

Caesars will use Salesforce to identify the interests of guests, such as their favorite music or cuisines, and send them relevant offers and suggestions, allowing Caesars to deliver personalized experiences in real-time via its mobile app. Caesars is also modernizing its call centers with Salesforce, providing its agents with a 360-degree view of customers in one unified desktop view, enabling faster case resolution.

«The casino industry is undergoing changes that have operators searching for new ways to increase engagement and loyalty with customers,» said Taimur Khan, Salesforce GM and Vice President of Travel, Transportation and Hospitality. «With Salesforce, Caesars can tap into individual affinities to build highly personalized hospitality and gaming experiences that keep their guests coming back year after year.»

To help envision its digital future, Caesars participated in Salesforce Ignite, Salesforce’s in-house accelerator program, and worked with Salesforce Success Cloud to build a five-year Salesforce roadmap, including a full digital operating model and change management, setting the company up to drive the transformation needed for success.

Posted by / September 24, 2018 / Posted in News

IBM to Help Aditya Birla Fashion & Retail Limited drive growth and improve efficiency through automation

ARMONK, N.Y., — IBM (NYSE: IBM) today announced that Aditya Birla Fashion and Retail Ltd. (ABFRL), India’s leading fashion and lifestyle entity, has expanded its existing relationship with IBM to reduce costs, improve productivity enhancements and drive business growth.

The strategic 10-year services agreement is deemed key to ABFRL’s strong vision for future growth to expand their stores network across the country. As a part of this agreement, IBM will bring in its global technology and automation expertise to help enhance and manage ABFRL’s IT infrastructure with better availability of IT systems, employee productivity through self-help solutions and improved disaster resilience.

In doing so, IBM will bring greater transparency, service improvements, agility, enhanced security and operational efficiencies for the organization. IBM will provide infrastructure-as-a-service in a private cloud environment, enabling ABFRL to scale their IT operations in line with their business growth. In leveraging IBM’s deep technology and services expertise, ABFRL aims to build a world-class IT environment to support its strong growth in India.

With more than 8,000 points-of-sale across 700 cities, including more than 2,000 exclusive ABFRL brand outlets, the company owns some of the best-known brands in the country such as Louis Philippe, Van Heusen, Allen Solly, Peter England and many others. ABFRL, known for its innovation, customer centricity and offering best-in-class services to its customers, is at the forefront of adopting technology.

Commenting on the partnership, NP Singh, CIO, ABRFL, said, «The retail industry has seen a stupendous growth in the past decade with the emergence of technology-enabled smart consumers. As leaders in the retail industry and to build platforms which provide a seamless experience to our consumers, the need of the hour is to have strong and stable technology partners that can help us realize our future growth. The newly extended agreement with IBM will help us accelerate our transformation in a way which is more efficient, cost effective and seamless.»

«As ABFRL continues to grow and expand in the Indian market, having a strong technology backbone to support this growth and creating seamlessness of internal and external processes will become an imperative part of their business,» said Avinash Joshi, Vice President, Infrastructure Services, Global Technology Services, IBM Asia Pacific. «IBM will use its automation tools and technologies to drive services efficiencies and employee productivity for ABFRL. This pioneering partnership will help ABFRL build a seamless IT platform which will enable them to accelerate innovation and help them have a solid path in driving digital transformation.»

Posted by / September 21, 2018 / Posted in News