IBM Is Not A Tech Company

IBM’s revenues are declining because there’s a big shift going on in the way companies are buying tech. Instead of buying their own software and hardware for their own data centers, then hiring expensive consultants to stitch it all together, they are renting that technology, which is often hosted elsewhere. That’s called “cloud computing.”

All the big tech firms are shifting from the old way of selling stuff to this new way with varying degrees of success: SAP, Oracle, Microsoft, Dell, HP and IBM are all getting into the cloud.

via Mark Cuban: IBM Is Not A Tech Company – Business Insider.