EY and Apptio, an IBM Company, to Deliver Joint Solutions for Enterprise Technology Spend Visibility and Management

LONDON, 24 September 2024 — The EY organization today announces an expansion of its work with IBM (NYSE: IBM) to leverage software from Apptio, an IBM Company. EY strategy and consulting experience, used in concert with Apptio software, can help enable organizations to focus their resources on their strategic priorities at all levels of the organization. Two new solutions, with another expected later this year, bring together the EY organization’s deep industry experience across Tax, Corporate Transactions, IT Financial Management and Cloud FinOps with Apptio’s powerful tools and insights to help customers effectively manage through the complexities of enterprise technology spend. These new solutions include:

EY Agile Planning & Portfolio Management: To help organizations realize value from their IT investments and resources, the EY organization, with support from IBM, has developed an integrated tooling, process and governance solution to better plan, budget, deliver and monitor strategic outcomes across product and portfolios. With methodologies currently in use by banking and financial services industry clients, the solution can help unlock IT capacity and redirect resources to priority technology investments in cyber, artificial intelligence (AI) and other emerging technologies.

EY Cloud FinOps and Apptio Recommendation Engine: Worldwide end-user spending on public cloud services is forecasted to grow 20.4% to total $678.8 billion in 2024 according to Gartner, creating challenges from maintaining operational efficiency, managing spend with greater transparency and reducing human-error inaccuracies. A new EY solution leveraging Apptio in cloud cost and operations management together can help clients right-size cloud investments, improve cost and operational transparency, and establish and track targets for sustainable consumption of cloud resources.

IT cost modeling for transactions: Expected to launch in the fourth quarter of 2024, this solution will combine EY market-leading services in Strategy & Transactions, and Technology Transformation with Apptio Costing technology in a platform to model and manage transactions, transition services agreements and post-transaction transformation programs for corporate separations, large-scale mergers and private equity firms. The solution is expected to help reduce manual reporting efforts and improve visibility over large-scale transaction activities.

Anja Allen, Principal, Technology Consulting, Ernst & Young LLP, says:

“The EY organization and IBM have joined forces to find differentiated solutions to help our customers effectively manage through the complexities of enterprise technology spend. The solutions developed through this collaboration are distinctive from both a service and product perspective. The EY organization aims to enhance visibility into IT and cloud expenditure and streamline transaction modeling and analysis.”

Henrik Nilsson, Global VP of Partner Sales, Apptio, an IBM Company, says:

“Apptio’s innovations deliver technology business management and cost transparency. Collaborating with the EY organization’s experience in Strategy & Transactions, FinOps and cost excellence, these solutions can help clients seeking to get the most value from their enterprise spend.”

Terms and details of definitive agreements to establish the upcoming joint solution to be finalized. Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society, as well as building trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data, and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

UNDP and IBM Launch New Tools to Forecast Energy Access and Model Energy Equity

ARMONK, N.Y.Sept. 17, 2024 /PRNewswire/ — IBM (NYSE: IBM) and United Nations Development Programme (UNDP) today launched new interactive models on energy within UNDP’s global GeoHub platform. These innovative solutions use technologies such as the IBM watsonx AI and data platform to enable users — from policymakers at the national and community level to the general public — to analyze complex energy issues through advanced artificial intelligence (AI) technology and access a wide range of resources, helping support data-driven decision-making toward a just energy transition.

“Bringing together UNDP’s knowledge and global leadership in sustainable development and IBM’s breakthrough innovations in AI and hybrid cloud, we are proud to unveil solutions that demonstrate the power of technology to make a lasting, positive impact on our environment and in our communities,” said Justina Nixon-Saintil, IBM Vice President and Chief Impact Officer. “By making innovative models freely accessible to the public, we aim to empower leaders, organizations and community members alike with the insights to make impactful energy decisions around the world.”

As part of UNDP’s Data Futures Exchange (DFx), GeoHub is a centralized ecosystem of geospatial data and services. It provides a platform to easily upload, visualize and analyze datasets, combining time-oriented and geographic data with satellite imagery. GeoHub supports a granular, localized, and evidence-based approach to development challenges and integrated policy making— from determining subnational distribution of electricity access, to assessing levels of vulnerability to the effects of climate change for communities over time.

“UNDP’s innovative collaboration with IBM helps countries leverage development data and technology innovation to improve lives and protect the planet. The solutions we’ve co-created provide a credible evidence base to help countries make meaningful and practical progress towards a just energy transition. Net-zero investment and people-centered development strategies are fundamental to accelerate the SDGs,” said Laurel Patterson, Head of the UNDP SDG Integration Team, UNDP Bureau for Policy and Programme Support.

UNDP and IBM worked together over two years through the IBM Sustainability Accelerator program. This project started with a collaborative engagement through the IBM Garage, and resulted in the enhancement of UNDP’s GeoHub with two innovative models: the AI model Electricity Access Forecasting and the statistical geospatial model Clean Energy Equity Index.

  • The Electricity Access Forecasting AI model uses the IBM watsonx AI and data platform, IBM Cloud, and an open-source machine learning library to provide future forecasts at scale of electricity access through 2030 by evaluating a set of factors including population, infrastructure, urbanization, elevation, and satellite data in addition to land use data provided by IBM Environmental Intelligence. By modeling these factors to make a future forecast, the Electricity Access Forecasting model provides a distinct advantage compared to more commonly available, current-day estimates of electricity access. The model will contain data from 102 countries across the Global South, including in AfricaAsia PacificLatin America and the Middle East.
  • The Clean Energy Equity Index, developed by IBM and UNDP together with Stony Brook University, is a first-of-its-kind statistical geospatial model combining geospatial analytics with environmental, economic and social factors – such as education, greenhouse gas emissions, and relative wealth — to generate a Clean Energy Equity score of 0-1. This score reflects both opportunities for clean energy development as well as urgency, through the lens of equity and a just transition. In this dashboard, GeoHub users can also individually view and customize each environmental, economic, or social factor analyzed in the model, to evaluate which factors have the greatest impact on equitable access to clean energy, empowering better decision making. The model will provide data from 53 African countries.

Historically, advanced models like these have not always been freely accessible and applicable to all users. Together, IBM and UNDP set out to co-create solutions that would strengthen free public access to complex clean energy information and advanced technology, while simultaneously providing essential energy resources for policymakers, governments, journalists and decision makers.

About the IBM Sustainability Accelerator
Launched in 2022, the IBM Sustainability Accelerator is a social impact program that addresses environmental threats impacting vulnerable communities around the world. Each year, the program selects about five projects to scale technology and AI solutions within a new sustainability topic area. To date, the IBM Sustainability Accelerator has supported 15 global projects across three active cohorts, focused on sustainable agriculture, clean energy and water management. For more information: https://www.ibm.com/impact/initiatives/ibm-sustainability-accelerator/

About United Nations Development Programme
UNDP works in about 170 countries and territories, helping to eradicate poverty, reduce inequalities and exclusion, and build resilience so countries can sustain progress. As the UN’s development agency, UNDP plays a critical role in helping countries achieve the Sustainable Development Goals.

IBM Launches New Services to Help Oracle Clients Extend Generative AI

ARMONK, N.Y.Sept. 10, 2024 /PRNewswire/ — Today, IBM (NYSE: IBM) announced it has expanded its consulting services and solutions to help clients derive greater value from Oracle’s cloud applications and technology and extend generative AI with an open, orchestrated approach.

The average cost of compute spend is expected to increase by 89% between 2023 and 2025, according to new research from the IBM Institute for Business Value. In addition, 42% of executives report concern that inadequate expertise could preclude progress with generative AI.

To help clients address these growing challenges, IBM Consulting is launching an expanded network of consultants to support Oracle clients, including thousands of consultants worldwide who are certified across core Oracle technologies – such as OCI Generative AI, OCI AI Services, and OCI Data Science – as well as deeply skilled in the IBM watsonx AI and data platform.

The consultants will be committed to helping clients extend high value generative AI use cases coupled with traditional AI and automation solutions, aimed to maximize their return-on-investment and optimize compute and implementation costs. That includes helping clients choose and deploy the right fit-for-purpose AI models for their unique requirements, including enterprise-grade models such as IBM Granite, open source or other third-party models. With their deep skills in IBM watsonx and technologies from IBM’s open ecosystem of business partners, IBM consultants can help guide clients’ critical decisions around technology architecture, generative AI and software licensing, data and analytics architecture, security risks and more to enhance automation of their workflows and help establish a stronger and more cost-efficient technology foundation for developing and deploying generative AI applications.

In addition, IBM just announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications, further expanding IBM’s Oracle consulting expertise.

“Our clients are eager to extend generative AI initiatives but they’re also concerned about rising compute costs, lack of in-house AI skills, AI assistant sprawl, and management oversight,” said Corinne Koppel, Global Oracle Practice Leader, IBM Consulting. “We’re proud to bring clients even more skills and solutions to help them optimize their investments with Oracle’s full stack generative AI technology leveraging an open architecture.”

Helping Extend Oracle Fusion Applications

IBM Consulting is already helping Oracle clients apply generative AI, traditional AI and automation in domain and industry-specific solutions to complement Oracle Fusion Applications’ embedded AI offerings. For example, IBM Consulting has helped Oracle Fusion Applications customers expand use cases in human resources, procurement and sourcing, finance and the public sector.

Accelerating clients’ time to value with IBM Consulting Advantage

IBM consultants supporting Oracle clients bring the power of the AI-powered engagement platform, IBM Consulting Advantage, to help accelerate clients’ time-to-value and improve consistency, repeatability, quality and speed-of-delivery.

For example, IBM Consulting has expanded its OCI migration and modernization capability with generative AI powered assets in IBM Consulting Advantage to help clients fast-track moving their applications and data to OCI. IBM consultants use an asset-first migration approach to support clients from discovery and design to build, migrate, test and deployment.

IBM and Oracle have a 38-year partnership spanning both technology and services, and continue to find new opportunities for collaboration like Red Hat and Oracle’s recent announcement of the availability of Red Hat OpenShift hybrid cloud application platform on OCI. Oracle is also part of the AI Alliance, which IBM co-founded in 2023. The AI Alliance brings together leading organizations across industry, startups, academia, research and government to support open innovation and open science in AI.

With deep industry expertise spanning strategy, experience design, technology, and operations, IBM Consulting is the catalyst for business transformation and the trusted partner to over 3,000 of the world’s most innovative and valuable companies. Our 160,000 consultants embrace an open way of working, bringing a diverse set of voices, experiences and technologies like hybrid cloud and AI together to accelerate business transformation. Supported by IBM Garage, our proven collaborative engagement model, we bring speed and scale to innovation with an enduring ecosystem of technology leaders to deliver solutions for some of the world’s most complex challenges.

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

IBM Brings Next Generation of AI-Powered Insights to ESPN Fantasy Football Platform

ARMONK, N.Y.Sept. 10, 2024 /PRNewswire/ — IBM (NYSE: IBM) and ESPN are unveiling enhancements to the ESPN Fantasy app – powered by generative AI technologies from IBM’s AI and data platform, watsonx – designed to deliver a more customized and engaging digital experience for more than 12 million fantasy football users. The announcement comes as new research commissioned by IBM and conducted by Morning Consult confirms fantasy football users are increasingly embracing AI to improve their rosters and overall fantasy football experiences.

Now available, the “Top Contributing Factors” within the Waiver Grade and Trade Grade features offers more detailed reasoning around a player’s assigned grades. The information appears as bulleted statements and is generated by IBM’s Granite large language model. The grades themselves are personalized to each team and produced by AI models built with IBM watsonx, taking into account large volumes of complex data including player performance, articles written by football experts, and the specific needs of each fantasy owner’s roster. Examples of the benefits to fantasy football participants include:

  • Personalized player grades based on each team’s needs
  • Transparent explanations of AI-generated player grades
  • Predictions of each player’s potential upside and downside

The new and updated features bolster a suite of IBM watsonx-powered tools, including Trade Analyzer with IBM watsonx and Player Insights with IBM watsonx, all of which transform large volumes of football data into insights that can help ESPN Fantasy Football users make more informed decisions about their lineups.

A new survey1 from IBM and Morning Consult of 500 fantasy football users in the United States confirms that surveyed fantasy football users are embracing AI-powered solutions to help enhance their lineups and overall league performances. Key highlights from respondents include:

  • Nearly 90% of users regularly engage with at least one AI or AI-related tool.
  • 82% confirmed they leverage trade and waiver suggestions to improve their fantasy lineups.
  • Of users not yet engaged with the technology, 92% surveyed indicated they would find AI helpful in their fantasy football efforts.

“Millions of people participate in fantasy football on the ESPN Fantasy platform each year, and they are constantly looking for the best information available to complete in and win their leagues. This year’s enhancements in the ESPN Fantasy platform put watsonx-powered insights directly in their hands, giving them access to  personalized, data-driven insights that help deliver on these expectations,” said Noah Syken VP, Sports and Entertainment Partnerships. “These same generative AI technologies on watsonx including IBM Granite are also at work for businesses across all sectors, turning complex information into actionable insights that modernize their workflows.”

Entering its eighth consecutive year, the collaboration between IBM and ESPN Fantasy Football continues to tap into the latest technologies from watsonx to transform football data into compelling and helpful information for fantasy team owners. This includes IBM’s Granite collection of large language models, as well as IBM watsonx Code Assistant which provides AI-generated coding recommendations and developer insights.

For more information on watsonx, visit: https://www.ibm.com/watsonx.

To play ESPN Fantasy Football, sign up at ESPN.com/FFL or download the ESPN Fantasy App from the App Store and Android stores.

1 Based on an online survey conducted in August 2024, among a sample of 500 Fantasy Football Users Ages 18 to 45 in the US.

IBM to Acquire Accelalpha, Leading Oracle Consultancy

ARMONK, N.Y.Sept. 9, 2024 /PRNewswire/ — IBM (NYSE: IBM) today announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM’s Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation.

As Oracle applications have matured in depth of functionality, customers have prioritized working with more strategic services partners to enable transformation1. Upon close, Accelalpha will join IBM Consulting, bringing over a large global team of skilled consultants to help clients modernize with Oracle Cloud Applications.

“Many enterprises depend on Oracle to run the workflows that are at the heart of their enterprise,” said Kelly Chambliss, Senior Vice President, IBM Consulting, Americas. “With our acquisition of Accelalpha, IBM will be even better positioned to help our clients deploy and manage Oracle solutions, including generative AI and cloud technology, for competitive advantage.”

Headquartered in Bellevue, Washington, Accelalpha is a leading global provider of Oracle Cloud Applications consulting across advisory, implementation and managed services. Its highly skilled team serves clients across North AmericaEuropeAsia, the Middle East and South America, with a focus on distribution, industrial and financial services sectors.

Accelalpha’s consultants bring expertise across the Oracle Cloud Applications Suite including Oracle Supply Chain Management (SCM) and Logistics, Oracle Cloud Enterprise Resource Planning (ERP), Oracle Cloud Enterprise Performance Management (EPM), Oracle Cloud Customer Transformation (CX), and Oracle Configure, Price, Quote (CPQ). As an Oracle Cloud Excellence Certified Implementer, Accelalpha boasts the largest Oracle logistics practice globally and was the first Oracle partner to implement Oracle Fusion Financials. Since its founding in 2009, Accelalpha has grown organically and through acquisition. Notable past acquisitions include Prolog Partners, Key Performance Ideas, LogistiChange and Frontera Consulting.

“IBM’s client and employee-centric culture and long-established scale and reach in more than 175 countries is a great fit for the next stage of our growth,” said Nat Ganesh, CEO, Accelalpha. “We’re thrilled to bring our expertise in Oracle Cloud solutions and targeted domain and industry knowledge to bear together with IBM’s strength in generative AI and hybrid cloud. With Accelalpha’s history of being a pioneer in Oracle Cloud and IBM’s deep-rooted dedication to innovation that matters, we can further accelerate value creation for our clients.”

IBM and Oracle’s partnership to serve clients spans almost 40 years. IBM was named a Leader in the 2023 IDC MarketScape for Oracle Implementation Services Ecosystem Worldwide2.

Accelalpha is recognized by Fortune as a best medium workplace and certified as a Great Place to Work. For more information on Accelalpha, please visit www.accelalpha.com.

The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.

IBM Study: C-Suite Confidence in Delivering Basic IT Services Wanes, While Tech CxOs Focus on Gen AI Demands

– CEO confidence in the effectiveness of basic IT services nearly halves over 10 years
– 43% of surveyed tech CxOs say concerns about their technology infrastructure have increased because of generative AI

ARMONK, N.Y.Aug. 21, 2024 /PRNewswire/ — A new IBM (NYSE: IBM) Institute for Business Value study found that while IT leaders are preparing organizations for accelerated generative AI adoption, C-suite executives’ confidence in their IT team’s ability to deliver basic services is declining.

The global study* of 2,500 of C-level technology executives (tech CxOs) from 34 countries revealed that less than half (47%) of those surveyed think their IT organization is effective in basic services compared to 69% surveyed in 2013. Today, only 36% of surveyed CEOs and 50% of surveyed CFOs believe IT is effective at basic services, down from 64% and 60%, respectively since 2013.

At the same time, 43% of surveyed tech CxOs say their concerns about their technology infrastructure have increased over the past six months because of generative AI, and they are now focused on optimizing their infrastructure for scaling generative AI. Respondents report they are currently spending 29% more on hybrid cloud than AI, and, over the next two years, they expect to spend half (50%) their budget on hybrid cloud and AI combined.

As tech CxOs prioritize generativeAI-ready infrastructure investments, two-thirds of surveyed CEOs cite that a strong tech CxO and CFO collaboration is critical to their organization’s success. However, a disconnect exists: only 39% of surveyed tech CxOs say they collaborate with finance to embed tech metrics into business cases, and just 35% of surveyed CFOs report being engaged early in IT planning to set strategic expectations. Among the high-performing tech CxO respondents, the study found that organizations that connect technology investments to measurable business outcomes report 12% higher revenue growth.

“Tech leaders today are grappling with multiple business demands, made even more complicated by the rise of generative AI. They must navigate the challenges of modernizing their IT infrastructure and scaling generative AI to support the business’ core competitive advantage, ” said Mohamad Ali, Senior Vice President, IBM Consulting. “In this evolving AI landscape, the relationship between tech CxOs and their finance counterparts has never been more important, aligning technology spend with business outcomes to drive real value from AI investments.”

Responsible AI is top of mind for tech CxOs, but there is a gap between intention and actions

  • For the majority (80%) of CEOs surveyed, transparency in their organization’s use of next-generation technologies, such as generative AI, is critical for fostering trust.
  • Yet, most tech CxOs acknowledge their organizations are falling short on delivering core responsible AI practices at scale:
    • Only half (50%) of respondents say they are delivering on key responsible AI capabilities for explainability, and even fewer say they are delivering capabilities for privacy (46%), transparency (45%) and fairness (37%).
  • 41% of tech CxOs surveyed reported an increase in their concerns about regulation and compliance as a barrier to generative AI over the last six months.
  •  However, most (70%) tech CxO respondents see regulatory change as an opportunity versus only 50% of CEOs.

Tech CxOs are driving their organizations to rethink their talent strategy to meet the needs of the generative AI era

  • 63% of tech CxOs surveyed agree that their competitiveness will hinge on their ability to attract, develop and retain top talent.
  • However, 58% of tech CxOs surveyed say they are having difficulty filling key technology roles, and only 27% of respondents identify talent as a top priority.
    • Over the next 3 years, tech executives anticipate a surge in skill scarcities over key areas, including cloud (+36%), AI (+29%), security (+25%) and privacy (+39%).
    • 40% of respondents report an increase in their concern over the past six months.
    • More than half (54%) of tech CxOs surveyed blame financial pressures for hindering their ability to invest in technology talent.
  • Many tech CxOs surveyed (69%) say they are turning to business partners as a source for specialized skills

To view the full study, including recommendations for technology leaders, visit: https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/cxo

*Study Methodology
The IBM Institute for Business Value (IBV), in cooperation with Oxford Economics, surveyed 2,500 C-suite technology leaders, including Chief Technology Officers (CTOs), Chief Information Officers (CIOs), and Chief Data Officers (CDOs) from 34 countries and 26 industries during Q1 2024. The IBM IBV data analytics team performed a series of in-depth analyses and data transformations to identify a group of high-performing technology organizations corresponding to clear outperformance on a variety of financial and operational measures. The study also includes data from the 2024 CEO Study and upcoming 2024 CFO Study.

The IBM Institute for Business Value, IBM’s thought leadership think tank, combines global research and performance data with expertise from industry thinkers and leading academics to deliver insights that make business leaders smarter. For more world-class thought leadership, visit: www.ibm.com/ibv.

IBM-Developed Algorithms Announced as NIST’s First Published Post-Quantum Cryptography Standards

As quantum computers rapidly advance, U.S. National Institute of Standards and Technology (NIST) publishes new algorithms, including those developed by IBM, in collaboration with industry partners, to secure data against potential quantum attacks

YORKTOWN HEIGHTS, N.Y.Aug. 13, 2024 /PRNewswire/ — Two IBM-developed algorithms (NYSE: IBM) have been officially published among the first three post-quantum cryptography standards, announced today by the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST).

The standards include three post-quantum cryptographic algorithms: two of them, ML-KEM (originally known as CRYSTALS-Kyber) and ML-DSA (originally CRYSTALS-Dilithium) were developed by IBM researchers in collaboration with several industry and academic partners. The third published algorithm, SLH-DSA (initially submitted as SPHINCS+) was co-developed by a researcher who has since joined IBM. Additionally, a fourth IBM-developed algorithm, FN-DSA (originally called FALCON), has been selected for future standardization.

The official publication of these algorithms marks a crucial milestone to advancing the protection of the world’s encrypted data from cyberattacks that could be attempted through the unique power of quantum computers, which are rapidly progressing to cryptographic relevancy. This is the point at which quantum computers will harness enough computational power to break the encryption standards underlying most of the world’s data and infrastructure today.

“IBM’s mission in quantum computing is two-fold: to bring useful quantum computing to the world and to make the world quantum-safe. We are excited about the incredible progress we have made with today’s quantum computers, which are being used across global industries to explore problems as we push towards fully error-corrected systems,” said Jay Gambetta, Vice President, IBM Quantum. “However, we understand these advancements could herald an upheaval in the security of our most sensitive data and systems. NIST’s publication of their first three post-quantum cryptography standards marks a significant step in efforts to build a quantum-safe future alongside quantum computing.”

As an entirely new branch of computing, quantum computers are quickly accelerating to useful and large-scale systems, as evidenced by the hardware and software milestones achieved and planned on IBM’s Quantum Development Roadmap. For example, IBM projects it will deliver its first error-corrected quantum system by 2029. This system is anticipated to run hundreds of millions of quantum operations to return accurate results for complex and valuable problems that are currently inaccessible to classical computers. Looking further into the future, IBM’s roadmap includes plans to expand this system to run upwards of one billion quantum operations by 2033. As IBM builds towards these goals, the company has already equipped experts across healthcare and life sciences; finance; materials development; logistics; and other fields with utility-scale systems to begin applying and scaling their most pressing challenges to quantum computers as they advance.

However, the advent of more powerful quantum computers could carry risks to today’s cybersecurity protocols. As their levels of speed and error correction abilities grow, they are also likely to encompass the ability to break today’s most used cryptographic schemes, such as RSA, which has long protected global data. Beginning with work started several decades ago, IBM’s team of the world’s foremost cryptographic experts continue to lead the industry in the development of algorithms to protect data against future threats, which are now positioned to eventually replace today’s encryption schemes.

NIST’s newly published standards are designed to safeguard data exchanged across public networks, as well as for digital signatures for identity authentication. Now formalized, they will set the standard as the blueprints for governments and industries worldwide to begin adopting post-quantum cybersecurity strategies.

In 2016, NIST asked cryptographers worldwide to develop and submit new, quantum-safe cryptographic schemes to be considered for future standardization. In 2022, four out of the 69 algorithms that were submitted for review were chosen for future standardization: CRYSTALS-Kyber, CRYSTALS-Dilithium, Falcon, and SPHINCS+.

In addition to continued evaluations to publish Falcon as the fourth official standard, NIST is continuing to identify and evaluate additional algorithms to diversify its toolkit of post-quantum cryptographic algorithms, including several others developed by IBM researchers. IBM cryptographers are among those pioneering the expansion of these tools, including three newly submitted digital signatures schemes that have already been accepted for consideration by NIST and are undergoing the initial round of evaluation.

Toward its mission to make the world quantum-safe, IBM continues to integrate post-quantum cryptography into many of its own products, such as IBM z16 and IBM Cloud. In 2023, the company unveiled the IBM Quantum Safe roadmap, a three-step blueprint to chart the milestones towards increasingly advanced quantum-safe technology, and defined by phases of discovery, observation, and transformation. Alongside this roadmap, the company also introduced IBM Quantum Safe technology and IBM Quantum Safe Transformation Services to support clients in their journeys to becoming quantum safe. These technologies include the introduction of Cryptography Bill of Materials (CBOM), a new standard to capture and exchange information about cryptographic assets in software and systems.

For more information about the IBM Quantum Safe technology and services, visit: https://www.ibm.com/quantum/quantum-safe.

IBM Study: Sustainability Remains a Business Imperative, But Current Approaches are Falling Short

– Three-quarters (76%) of surveyed executives agree that sustainability is central to their business, but nearly half (47%) say they struggle to fund sustainability investments
– Organizations that embed sustainability throughout the business are more likely to see financial benefits, yet only 31% of respondents report they incorporate sustainability data and insights into operational improvements to a great extent

ARMONK, N.Y.Feb. 28, 2024 /PRNewswire/ — A new global study by the IBM (NYSE: IBM) Institute for Business Value found that while a majority of organizations recognize sustainability as important to their business strategy, many C-suite leaders are struggling to fund their sustainability investments. Data collected from 5,000 global C-suite executives highlighted that organizations that embed sustainability within their operations see better sustainability and financial outcomes, while spending less money than their peers.

The study*, “Beyond checking the box – how to create business value with embedded sustainability,” revealed that almost one-third (30%) of executives surveyed say they have made significant progress in executing their sustainability strategy – up from 10% a year ago – but turning ambitions into impact remains a challenge. Almost half (47%) of executives surveyed struggle to fund sustainability investments; six in 10 say they have to make trade-offs between financial and sustainability outcomes.

Organizations that embed sustainability more deeply into their operations show a marked difference in outcomes from enterprises with a singular focus on areas, such as regulatory reporting or sustainability as a corporate project. Organizations that embed sustainability are 75% more likely to attribute greater improvement in revenue from their sustainability efforts, and are 52% more likely to outperform their peers on profitability.

The findings indicate that many organizations are focused on managing complex, varied reporting requirements rather than real business value and results. The study found that spending on sustainability reporting exceeds spending on sustainability innovation by 43%. Only 31% of executives surveyed report they are incorporating sustainability data and insights into operational improvements to a great extent, while 14% say they do so with innovation initiatives.

“An organization’s approach to sustainability may be holding it back. There is no quick fix. Sustainability requires intentionality and a shared corporate vision,” said Oday Abbosh, Global Managing Partner, Sustainability Services, IBM Consulting. “Sustainability needs to be part of the day-to-day operations, not viewed only as a compliance task or reporting exercise. By embedding sustainability across their business, organizations are more likely to drive internal innovation, attract and retain skilled talent, and be better positioned to deliver both positive environmental impact and financial outcomes.”

Other key study findings include:

Organizations continue to pursue sustainability, but funding, skilling and operationalizing actions remain a challenge

  • Seventy-five percent (75%) of executives surveyed agree that sustainability drives better business results, and 76% agree that sustainability is central to their business strategy.
  • At the same time, 69% of executives surveyed say that sustainability needs to be a higher priority in their organization.
  • While 82% of executive respondents agree that high-quality data and transparency are necessary to achieve sustainability outcomes, only about 4 in 10 organizations can automatically source sustainability data from any of the following core systems: ERP (finance, HR, supply chain), Enterprise Asset Management, CRM, Energy Management Systems, Facilities Management systems.
  • Thirty-nine percent (39%) of executives surveyed also cite a lack of requisite skills as the top barrier to sustainability progress.

Despite most organizations not incorporating sustainability into innovation initiatives, leaders expect generative AI to help supercharge sustainability efforts

  • Sixty-four percent (64%) of executives surveyed agree that generative AI will be important for their sustainability efforts.
  • Seventy-three percent (73%) say they plan to increase their investment in generative AI for sustainability.

Organizations that embed sustainability more deeply into their operations see benefits that can convert sustainability efforts into business value

Further analysis of the survey data found that:

  • Organizations that embed sustainability spend slightly less on dedicated sustainability efforts as a share of their revenue compared to organizations that don’t embed.
  • Fifty-three percent (53%) of these organizations say that business benefits are essential for justifying sustainability investments; only 17% say meeting sustainability objectives is in itself sufficient to justify investment.
  • These organizations are also 191% more likely to have aligned their data and sustainability strategies to a great extent, and 80% more likely to be using AI for sustainability to a great extent.

Beyond checking the box – how to create business value with embedded sustainability underscores the urgent need for organizations to integrate sustainability objectives within business strategy and apply technologies like AI to realize greater progress and profitability. The study also serves as a resource for business leaders, outlining actionable strategies to help enterprises with challenges around data, business integration and decision-making.

To view the full study, visit: https://www.ibm.com/thought-leadership/institute-business-value/en-us/report/sustainability-business-value

*Study Methodology
The study draws on a survey of 5,000 C-suite executives across 22 industries and 22 countries conducted by the IBM Institute for Business Value in collaboration with Oxford Economics. In addition to descriptive analysis, the data from the respondents was analyzed to allow for a segmentation of the sample according to how embedded sustainability is in the enterprise. Based on this segmentation, analysis was conducted on differences in sustainability and business outcomes, operational practices, and approaches to enabling progress on sustainability.

The IBM Institute for Business Value, IBM’s thought leadership think tank, combines global research and performance data with expertise from industry thinkers and leading academics to deliver insights that make business leaders smarter. For more world-class thought leadership, visit: www.ibm.com/ibv.

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Here’s What Policymakers Can Do About Deepfakes, Right Now

WASHINGTONFeb. 28, 2024 /PRNewswire/ — Deepfakes – realistic AI-generated audio, video, or images that can recreate a person’s likeness – are one of the most pressing challenges posed by generative AI, given the potential for bad actors to use it to undermine democracy, exploit artists and performers, and harass and harm everyday people.

What this moment requires is both technical and legal solutions. That’s why IBM (NYSE: IBM) signed the Tech Accord to Combat Deceptive Use of AI in 2024 Elections (Munich Tech Accord), pledging to help mitigate the risks of AI being used to deceive the public and undermine elections. It’s also why IBM has long advocated for regulations that precisely target harmful applications of technology.

We outline below three key priorities for policymakers to mitigate the harms of deepfakes:

  • Protecting elections,
  • Protecting creators, and
  • Protecting people’s privacy

Protecting elections

Democracy depends on a population’s ability to participate in free and fair elections. Unfortunately, bad actors can use deepfakes to impersonate public officials and candidates to deceive voters in a variety of ways that would undermine this key principle. For example, deepfakes could mislead voters about where, when, and how they can vote, or falsely portray a candidate making controversial statements or participating in scandalous activity.

Policymakers should prohibit the distribution of materially deceptive deepfake content related to elections. For example, the Protect Elections from Deceptive AI Act, introduced by Senators Klobuchar, Hawley, Coons, and Collins, would curtail the use of AI to generate deceptive content falsely depicting federal candidates in political advertisements with the intent of influencing an election. Other policy approaches could enable candidates targeted by materially deceptive AI-generated content used in political advertisements or fundraising campaigns to seek damages or remove deceptive content, while preserving protections for free speech.

In the EU, IBM has been supportive of the Digital Services Act, which imposes on large internet platforms certain obligations regarding the moderation of online content. Recent guidelines published by the European Commission have also proposed additional requirements for consumer-facing platforms to mitigate against “systemic risks for electoral processes.”

Protecting creators

Musicians, artists, actors, and creators of all kinds use their talents and likeness to help shape culture, inspire, entertain, and make a living. Deepfakes can enable bad actors to exploit creators’ likenesses to push deceptive advertising, scam and mislead consumers, improperly reduce a creator’s ability to profit from their talents, and more.

Policymakers should hold people accountable for producing unauthorized deepfakes of creator performances and hold platforms accountable if they knowingly disseminate such unauthorized content. Some jurisdictions already have what are known as “likeness laws” that prohibit the unauthorized use of a person’s likeness for commercial exploitation, but these can be inconsistent, and few explicitly cover digital replicas or the rights to use a person’s likeness after they die. Given these jurisdictional inconsistencies, IBM supports the NO FAKES Act in the U.S., which would create federal protections for individuals whose voices and/or likenesses are generated by third parties without their consent.

Protecting people’s privacy

Everyday people are already being harmed by deepfakes in profoundly concerning ways, particularly by bad actors using their likeness to create nonconsensual pornography. This abuse primarily targets women, victims have included minors, and could potentially enable further abuse and extortion by bad actors. Nonconsensual sharing of intimate imagery, also known as revenge porn, is expanding with the use of deepfakes but ultimately is not a new problem. But few existing laws adequately hold bad actors accountable for sharing or threatening to share this material, or necessarily cover AI-generated content.

Policymakers should create strong criminal and civil liability for people that distribute nonconsensual intimate audiovisual content, including AI-generated content, as well as for people that threaten to do so. Penalties should be particularly severe when the victim is a minor. Legislators can act on this recommendation now by supporting and passing the bipartisan Preventing Deepfakes of Intimate Images Act in the U.S. This bill would create liability for individuals who disclose, or threaten to disclose, a nonconsensual intimate digital depiction of someone, including AI-generated content, and allow affected parties to pursue damages. This legislation would create a much-needed federal baseline of accountability that is inconsistently addressed in various revenge porn laws at the state level, providing greater protections for victims and individuals across the United States.

The EU AI Act – which IBM has long-supported – already addresses many of these types of issues, covering deepfakes more generally and imposing transparency requirements that clarify when particular content is not authentic. As policymakers look towards the Act’s implementation in the coming months, particular attention should be paid to ensuring individuals are protected from non-consensual intimate audiovisual content.

Conclusion

Solving the problems posed by deepfakes will require thoughtful, whole-of-society approaches leveraging both changes in law and technology. Technology companies have a responsibility to pursue technical and governance solutions that address AI-generated content, such as those articulated in the Munich Accord, the White House Voluntary AI Commitments, and Canada’s Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems.

IBM encourages policymakers to seize this opportunity to swiftly target three of the most significant harmful applications of deepfakes to ensure that AI remains a positive force for the global economy and society.

New IBM Study Data Reveals 74% of Energy & Utility Companies Surveyed Embracing AI

– 63% of Energy CEOs surveyed expect to realize value from generative AI and automation

ORLANDO, Fla.Feb. 26, 2024 /PRNewswire/ — Today, at Distributech 2024, IBM (NYSE: IBM) unveiled additional findings from its global study findings that show that 74% of Energy & Utility companies surveyed have implemented or are exploring using AI in their operations.

Within the sector, among surveyed IT Professionals, 33% are focusing AI projects on HR/Talent Acquisition and 27% are focused on AI Monitoring & Governance. The findings are from IBM’s Global AI Adoption Index 2023 global study* administered by Morning Consult and commissioned by IBM, based on interviews with 2,342 IT Professionals at enterprises located across 20 countries.

This new data echoes insights from the IBM Institute for Business Value’s 2023 study, ‘CEO decision-making in the age of AI,’ which also interviewed 420 Energy & Resources CEOs thinking around AI. The fresh analysis of the Industry C-suite data shows that:

  • 63% Energy & Resources CEOs surveyed are more likely than their global peers to expect to realize value in the next three years from generative AI and automation
  • 61% of CEOs surveyed express concerns about the sources of data used in generative AI

When considering the impact of transformational technologies, Energy Industry CEOs surveyed appear to place Generative AI first in terms of expected value. To help the industry chart a path forward to realize the value of generative AI, at Distributech 2024, the leading annual transmission and distribution event, IBM at booth#2743 today showcased watsonx – its enterprise ready AI and data platform.

Importantly, to help, Energy & Resources companies to navigate data-related challenges, including unclear data calculation and, critically, a lack of insights, IBM is highlighting its watsonx.governance toolkit for AI governance which allows a Utility company to direct, manage and monitor its AI . It employs software automation to strengthen a company’s ability to mitigate risks, manage regulatory requirements and address ethical concerns for both generative AI and machine learning models. While not all models are created equal, every model should have governance to drive responsible and ethical decision-making throughout the business.

Casey Werth, Global Energy Industry General Manager IBM said, “Energy & Utility CEOs have moved beyond experimentation with AI to focusing on where they can drive the most business value with AI. As they manage ongoing transformation efforts they can also capitalize on the great opportunities of generative AI and foundation models.  In doing so they need to remember to focus on their own data, how it is gathered, accessed and used within their workflows along with the governance that should be baked into their tools and processes.”

A good example of how Utility companies can tap large language models is to augment their internal compliance process. For a Utility company this can allow them to automate and align internal compliance processes to their specific business needs. For example, a utility can:

  • Provide a single repository of obligation management to classify complex requirements.
  • Enable their organization to govern their environmental, social and governance (ESG) programs and sustainability.
  • Track provenance and document model performance against key performance indicators determined by the business.
  • Provide visibility to key stakeholders through dynamic, user-based dashboards, charts and dimensional reporting.

At #DISTRIBUTECH24, IBM has several executive speaking sessions designed to help show how the industry can digitally transform at pace. Topics include; Quantum in the Energy Sector, Digitally Managing Emergency Response & Mobilization, Digital Twin for advanced and predictive Load Management, Preparing the Grid for tomorrow, Applying weather & climate risk analytics to create more sustainable and resilient grids. IBM’s Energy CTO Bryan Sacks, will also lead an industry roundtable focused on AI for Grid Management discussing how companies in the energy and utilities industry are thinking about AI, use cases, policy and governance.

The full IBM Institute for Business Value 2023  CEO Study can be accessed here, data on the specific Energy & Resources cuts of the data are available on request.

* Methodology: IBM’s Global AI Adoption Index 2023 global study administered by Morning Consult and commissioned by IBM was conducted from Nov. 8 – 23, 2023 among a sample of 2,342 IT Professionals at enterprises (organizations with > 1,000 employees) in AustraliaCanadaChinaFranceGermanyIndiaItalyJapanSingaporeSouth KoreaSpain, UAE, UK, US and LATAM (BrazilMexicoPeruArgentinaChileColombia)