It is an acronym for International Business Machines, the world’s largest computer company. Founded in 1911, produced punched-card accounting machines for businesses. In the mid-1950s, the company developed mainframe computers that interfaced with its punched-card tabulating equipment and led the development of a massive business data processing industry.
After dominating the mainframe market in the 1960s and 1970s, they faced stiff competition from minicomputers in the mid-to-late 1970s, and failed to capitalize on the introduction of its influential first personal computer, the PC, which was released in 1981; the result was a series of devastating losses that led some industry observers to question the company’s ability to survive.
Technipages Explains IBM
IBM is an acronym for International Business Machines, is an information technology company based in New York. Founded in 1911, the company currently has branches in over 170 countries, and International Business Machines was adopted in 1924, before this the company name was Computing-Tabulating-Recording Company (CTR). The company specializes in the design and sales of computer hardware and software. They also provide consultancy in various areas, including nanotechnology and mainframe computers.
IBM, the IT giant, it is essential to note that IBM is a merger of four different companies, different inventors headed the four different companies. The four different companies had individually owned the inventions of the electric tabulating machine, a paper recording time clock, and Charles Ranlett Flint formed the merger. Other notable inventions by IBM include magnetic stripe, RAM, bar codes, the world’s first data storage computer system, and floppy disks.
The company has the highest number of inventions held by any tech company, as they have inventions in most fields of life, including astronomy as IBM provided the landing system for the American Apollo moon mission. IBM houses five Nobel laureates.
Common Uses of IBM
- IBM is the producer and developer of the popular ThinkPad Butterfly keyboard, whose idea was from a puzzle
- IBM has created machines capable of competing in chess, as the popular IBM Deep Blue beat chess champion, Garry Kasparov.
- IBM is one of the most influential companies in the world, constantly known for pushing technological innovations forward.
Common Misuses of IBM
- IBM is the world’s leading producer of land mines
- IBM’s invention of the electric car had very little effect on the use of autonomous cars