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BÖBLINGEN, Germany - Deutsche Telekom will implement IBM Concert, an AI-powered solution that enables intelligent automation in patch management and security-related activities, IBM announced Wednesday. IBM, a prominent player in the IT Services industry with a market capitalization of $262.82 billion, has seen its stock surge nearly 70% over the past year. According to InvestingPro data, the company maintains a "GOOD" financial health score, underlining its strong position in the enterprise technology sector.
The telecommunications giant aims to accelerate vulnerability protection in its IT systems while improving operational efficiency. During a pilot implementation, Deutsche Telekom achieved a tenfold reduction in its "Median Time To Patch" metric, decreasing from 80 hours to just eight hours for critical vulnerabilities. This partnership showcases IBM’s continued innovation in the IT services sector, where it generates annual revenue of $62.83 billion.
IBM Concert provides a single source of truth for vulnerability management, patching, and reporting by integrating relevant data and creating contextual information that enables end-to-end AI-powered automation.
The fully automated patching process for operating systems has been designed to reduce patching time from 90 minutes to a maximum of 20 minutes per instance, according to the company’s statement.
"Secure operating systems form the foundation for all applications, databases, and services that we offer our customers. When it comes to patching, the time factor has taken on a critical role in the AI era," said Dr. Peter Leukert, Group CIO of Deutsche Telekom.
Steve Canepa, Global Managing Director at IBM, noted that "IBM Concert incorporates modern AI and automation technologies so that Deutsche Telekom can stay ahead of the dramatically escalating number and complexity of critical vulnerabilities across their Hybrid Cloud platform."
The implementation comes as companies face increasing challenges in managing software patches. According to an IDC study cited in the announcement, there will be one billion additional applications by 2028, driven by AI innovations.
Deutsche Telekom serves millions of residential and business customers as one of the world’s leading providers of telecommunications and IT services.
The information in this article is based on a press release statement from IBM.
In other recent news, IBM announced a significant partnership with Parsons Corporation to modernize the U.S. air traffic control system, aiming to enhance the Federal Aviation Administration’s National Airspace System. This collaboration emphasizes the incorporation of the latest technologies and real-time improvements, with Parsons serving as the primary contractor. Additionally, IBM is planning to build a practical quantum computer by 2029, with a larger system anticipated by 2033, which could demonstrate advantages over classical computers.
BofA Securities recently raised its price target for IBM to $320 from $290, maintaining a Buy rating, citing IBM’s strategic positioning in emerging technologies and strong free cash flow. Evercore ISI also reiterated its outperform rating on IBM, suggesting potential challenges in consulting signings due to broader sector trends. Moreover, IBM has strengthened its partnership with Finanz Informatik to enhance digital capabilities for the German Sparkassen-Finanzgruppe, focusing on AI, automation, and hybrid cloud computing. These developments reflect IBM’s ongoing efforts to leverage advanced technologies and strategic collaborations to drive growth and innovation.
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