Transcription of 2020 Annual Report - IBM
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2020 Annual Report - IBM
2020 Annual ReportDear IBM Investor:Today your company is positioned to lead as we enter the era of hybrid cloud and AI. As I write to you, the world is still experiencing disruption as a result of the global pandemic. What we have witnessed over the past year is an acceleration of digital transformation. Every company in every industry wants to build a much stronger digital foundation to fundamentally change the way its business works. There is no going back. In the next two to three years, we expect to see digital transformation at a rate that, before 2020, we thought would take 5 to 10 the most profound and exciting change our clients are experiencing is the adoption of new business models based on digital technologies that IBM is building.
Hybrid cloud and AI are the two next great shifts in the technology landscape, and IBM is positioning itself to play a key role in this swift and massive transformation. We see the hybrid cloud opportunity at $1 trillion. Most of it is still ahead of us, as less than 25 percent of workloads have moved to public clouds thus far.
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