Last November, IBM announced the creation of a $500 million investment fund to invest in companies active in the field of artificial intelligence. “AI and cybersecurity are two areas that companies are focusing on at the highest level,” said the head of IBM Greece.
In addition to the growth of activities related to software development and marketing, emphasizing and strengthening innovation and human resources is one of the main strategic axes of IBM Greece.
To this end, Nikos Maniatis, managing director of the US group’s Greek subsidiary, told Kathimerini that the company invests in startups in the form of loans and offers consultancy support and digital tools. The plan is to provide free access to. In this direction, the US group last November announced the creation of a $500 million investment fund to invest in companies active in the field of artificial intelligence.
“AI and cybersecurity are two areas where companies are focusing at the highest level. Investments in artificial intelligence will lead to an additional EUR 16 trillion of growth by 2030, and companies investing in these areas will gain a competitive advantage. At the same time, defense against cyber-attacks is directly related to the digitalization of processes and infrastructure. “Instead, the dominant trend is not to manage attacks after they occur,” said Maniatis, who completed his first year in the CEO role this year.
As he added, the large number of digitization projects taking place in the private and public sectors is increasing the demand for technological solutions.
“According to a recent study by the Federation of Greek Enterprises, Greek companies have significantly strengthened their digital maturity, reaching 70% of the European Union average from 2019 to 2023. However, to close this gap, , we need even greater investments in technology modernization,” said the head of IBM Greece.
Nevertheless, the trend is on the rise and is reflected in the company’s numbers, with growth strengthening to just a double-digit percentage in 2023 on an annualized basis and profitability improving. The numbers for the first quarter of this year are also up compared to the same period in 2022, with 75% of IBM’s revenue coming from its software division.
