IBM launched Bluemix Local
On October 1, 2015, International Business Machines (IBM) launched Bluemix Local. It’s a platform-as-a-service (or PaaS) for its Bluemix cloud app (application) development platform that enables companies to build and run cloud apps behind their internal firewalls. So it’s particularly useful for industries that have strict data security and compliance policies.
John Rymer, principal analyst at Forrester Research, shared his opinion about Bluemix Local. He said that with Bluemix Local, IBM is offering a way for companies to run their applications in various IBM-run clouds as well as in their own facilities. IBM is a leader in the hybrid cloud space.
IBM’s Bluemix Local will heat up competition in cloud foundry space
In 2014, IBM launched Bluemix by investing approximately $1 billion in this cloud foundry-based platform. It boasts ~120 tools and services that span areas like Big Data, Watson, analytics, integration, DevOps, security, and IoT (Internet of Things).
Cloud foundries are designed to work across cloud infrastructures. Pivotal Cloud Foundry (Pivotal CF) is a cloud foundry supported by Pivotal, the spinoff of EMC (EMC) and VMware (VMW). Pivotal CF runs on Amazon’s (AMZN) Amazon Web Services and VMware’s vCloud Air. Rymer believes IBM’s Bluemix Local will pose a significant competition to Pivotal CF.
IBM expects its billion dollar investments in strategic imperatives to enhance revenue prospects
In fiscal 4Q14, IBM announced $4 billion on its strategic imperatives that comprised cloud, mobile, analytics, social, and security technologies. IBM expects that these strategic imperatives will contribute more than 40% toward its overall revenues by 2018.
To see how its strategic imperatives performed in fiscal 2Q15, please read How Have IBM’s ‘Strategic Imperatives’ Performed in 2Q15?
You can consider investing in the SPDR S&P 500 ETF (SPY) to gain exposure to the technology sector. SPY invests about 18% of its holdings in the technology sector.