Part 4/10:
In recent years, IBM has redefined its business model. The company now emphasizes software and consulting, particularly focusing on AI and hybrid cloud solutions. This shift has been far from straightforward, as IBM initially lagged behind competitors like Amazon and Microsoft in developing cloud infrastructure. However, the acquisition of Red Hat in 2019 marked a transformational leap, propelling IBM into the realm of hybrid cloud — a blend of private and public cloud environments that drive efficiency and security for enterprises.