IBM is looking to sell its IBM Watson Health business, the Wall Street Journal has learnt. The technology giant is looking at different alternatives that include a sale to a private equity firm, another industry player, or a merger “with a blank-check company,” according to the report.
IBM’s (IBM) Watson Health business employs artificial intelligence (AI) and data analytics to enable healthcare professionals and researchers to manage their data. According to the Wall Street Journal report, this business unit earns $1 billion in revenues annually and isn’t currently profitable.
IBM is looking at increasingly focusing on hybrid cloud technology, which uses a combination of data centers and leased resources to process and manage data. In October last year, IBM had announced a decision to split the company and that it intended to separate the Managed Infrastructure Services unit into a new public company by the end of 2021.
Read more/Source: Yahoo Finance
