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IBM Corp launched a new software that can help the companies to analyze real-time data. The new software called IBM System S has been designed to analyze streams of real-time data that can help financial institutions to monitor transactions and analyze risks. The software is expected to help hospitals to monitor patients and detect early problems. The company claimed that IBM System S will prove out to be very helpful for chipmakers.
IBM said that the new software has been developed to find out errors immediately and solve them before they multiply or lead to serious losses. According to Nagui Halim of IBM, the new software will turn out to be very beneficial for managing vast amounts of data in real time. Nagui Halim said that the development of such type of software was very essential as businesses go more and more online.
According to her, people generally store the data and try to understand it later. But by the time one looks at the data, the information loses its relevance. Therefore, it important to analyze the data in real time and that can be done through the new software provided by IBM, she added. The new software will be available in the market from Friday (May 15).
Over the past decade or so, IBM has shifted its focus from computers to higher-margin software and services. The company feels more comfortable to deal in software rather than computers. The first quarter revenue of IBM fell by 11 percent in comparison to last year. However, the company claimed that this year it will gain a profit of at least $9.20 per share.
