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C9550-413 - IBM Operational Decision Manager Advanced V8.7 Application Development - BrainDump Information

Vendor Name : IBM
Exam Code : C9550-413
Exam Name : IBM Operational Decision Manager Advanced V8.7 Application Development
Questions and Answers : 68 Q & A
Updated On : November 16, 2018
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C9550-413 exam Dumps Source : IBM Operational Decision Manager Advanced V8.7 Application Development

Test Code : C9550-413
Test Name : IBM Operational Decision Manager Advanced V8.7 Application Development
Vendor Name : IBM
Q&A : 68 Real Questions

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IBM IBM Operational Decision Manager

IBM Is going down - however may also be Saved | killexams.com Real Questions and Pass4sure dumps

Image result for ibm

Introduction

In September, I wrote a piece of writing that chronicled the sluggish decline of international company Machines (IBM). The article concentrated on the business’s declining revenues and margins and the fallacy this is Watson that has been overhyped and over-marketed. seeing that the article changed into posted, things have gotten worse for the enterprise. Its inventory rate has declined from $one hundred forty five to the current $123.

subsequently, its market valuation has declined from more than $130 billion to the present $112 billion. This valuation makes IBM fairly valued in comparison to different technology businesses. In IBM, buyers are paying 19X trailing salary and 8X ahead revenue. here is enormously lower than what traders are purchasing other old tech groups like Oracle (ORCL), Microsoft (MSFT), Apple (AAPL), and Cisco (CSCO) which have a normal forward PE ratio of 15. in a similar fashion, IBM has a forward PS ratio of 1.41, which is reduce than the average of these businesses of 4.65.

during IBM’s decline, many investors – together with Warren Buffet – have invested within the enterprise, hoping that it'll achieve a turnaround. they've all been disappointed because the business’s inventory has persevered to look lessen lows. short retailers on the other hand were rewarded because the inventory has misplaced 17% of its cost this year. The brief pastime has accelerated from 14 million in January to the current 21 million.

in my view, IBM will proceed to underperform because it lacks a catalyst in order to take the inventory higher. This analysis might be a observe as much as the outdated article and may spotlight more issues that the huge blue is facing and how it will also be saved.

Elephant within the Room: RHT

When colossal agencies are in decline, they have got a habit of making poor selections principally in terms of acquisitions. Two examples of this are the choice through Sears Holdings (SHLD) to acquire k-Mart and the decision by way of commonplace electric powered (GE) to acquire Baker Hughes (BHGE). unfortunately, IBM determined to comply with the footsteps of these businesses.

Two weeks ago, the enterprise introduced that it could spend $34 billion to purchase pink Hat (RHT). IBM would acquire RHT for $one hundred ninety, which become a 63% premium. In its announcement, IBM’s CEO stated that:

The acquisition of crimson Hat is a video game-changer. It changes every thing in regards to the cloud market. BM will turn into the world's #1 hybrid cloud provider, offering corporations the best open cloud solution with a view to unlock the whole value of the cloud for his or her corporations

This announcement reminded me of what GE’s Jeff Immelt mentioned when he introduced the acquisition of Baker Hughes.

BHGE is an business leader positioned to carry in any economic ambiance and support our customers in riding productivity. This deal capitalizes on the present cycle in oil and gasoline whereas additionally strengthening our place for the market restoration. As we go forward, the new fullstream providing quickens our skill to lengthen a digital framework to purchasers while providing world-type technical innovation and repair execution. We appear forward to continuing a seamless integration for our customers.

what is distinct in the two statements is that Immelt changed into appropriate concerning the scale of Baker Hughes. even so, Virginia Rometty’s statement was demonstrably incorrect. First, within the press convention, IBM used the be aware cloud 43 times and in accordance with Rometty, the deal will assist IBM take an enhanced market share within the cloud industry. besides the fact that children, a glance at red Hat’s revenues shows a distinct picture. Most of its revenues come from infrastructure-connected choices while the subsequent salary comes from utility building and other rising know-how choices. In its 10K, it describes the subscription offerings as: earnings generated from purple Hat business Linux and connected technologies reminiscent of purple Hat satellite and purple Hat Virtualizations.

supply: red Hat

This factor was additionally stated by using Barron’s article that interviewed an analyst from Bernstein who noted that:

greater than half of purple Hat’s income changed into generated by its common on-premise server working-equipment enterprise, which isn’t at once tied to the cloud and has a slowing growth cost.

additional, while Amazon’s (AMZN) cloud grew by 46% in 2017, purple Hat’s cloud-connected revenues rose with the aid of simply 14%. at the equal time, the annual revenues of red Hat are only below $3 billion with the web profits being beneath $300 million. Worse, IBM is paying 55 instances RHT’s estimated revenue, which is a hefty valuation given that that many businesses in the sector are got at 4.5 times ahead revenue.

therefore, all this doesn't justify the hefty $34 billion. also, this is not the first time that IBM has overpaid for its cloud services. In 2013, when it announced the acquisition of Softlayer, it declared that:

As organizations add public cloud capabilities to their on-premise IT programs, they want business-grade reliability, security and management. To tackle this probability, IBM has constructed a portfolio of high-cost private, public and hybrid cloud choices, in addition to application-as-a-carrier enterprise options. With SoftLayer, IBM will accelerate the construct-out of our public cloud infrastructure to provide consumers the broadest option of cloud choices to pressure enterprise innovation.

Even with the SoftLayer acquisition, IBM has lagged different cloud computing companies. it is number 5 in the industry in the back of Amazon, Microsoft, Alibaba (BABA), and Google (GOOG). In public cloud, it has a market share of 6%, which is miniscule compared to Amazon’s 46% market share.

in short, IBM is following the equal trend followed by way of frequent electric when it bought Baker Hughes or the disastrous $10.three billion acquisition of Autonomy via HP in 2011.

A silver lining in all here's that there's a possibility that the deal will not shut. in the press remark, IBM observed that it's going to pay $one hundred ninety for the business. As of this writing, the company is trading at $172, which is 10% lower than the proposed $a hundred ninety. In merger arbitrage, here's an indication that a very good variety of traders don’t believe the deal will close.

next Elephant within the Room: Debt

The crimson Hat acquisition is the primary among many challenges I did not handle in my outdated article. This deal however items IBM with a balance sheet difficulty. To finance the all-money transaction, IBM will need to lift additional debt.

earlier than the deal is closed, IBM has a debt to equity ratio of 2.372, which is bigger than that of the peers mentioned above. Microsoft, Oracle, Apple, and Cisco have a debt to GDP ratio of 0.8867, 1.527, 1.068, and nil.fifty nine respectively. Their commonplace is 1.01. therefore, this may irritate when the business concerns extra debt to finance the acquisition.

this is able to now not be an issue for a company it is transforming into. regrettably, as I wrote earlier than, the company’s growth has slowed, revenues are declining, and the huge bets on Watson are not figuring out. as it has been stated, many Watson shoppers are thinking of cutting down.

As you consider, IBM under Rometty has become a large economic engineering company. To increase self belief in the market, the company has borrowed closely to finance buybacks. in the past ten years, the business has spent greater than $forty billion in share buybacks. The chart below indicates the cutting back share counts for the business during the past ten years.

examine this with the growth in lengthy-term debt as proven below.

In different phrases, the deal via IBM to purchase crimson Hat will dramatically boost its debt notwithstanding RHT’s free cash flow is increasing. this may seemingly result in decreased dividends. basically, because of the acquisition, the business has introduced that it'll halt the buybacks in 2020. hence, it'll halt buybacks to finance a deal I believe will no longer support it in future. Couple all this with the hefty $18 billion pension liability which is greater than that of similar corporations.

IBM can also be Saved

in this article, I actually have neglected other concerns that I raised within the outdated article. These concerns encompass the slowing increase, thinning margins, and the improved competitors from agencies like Alibaba, Amazon, and Google.

whereas things look dark for IBM, I consider that it can also be saved. other historical expertise corporations have all been in an identical circumstance like IBM and recovered. earlier than Satya Nadella, Microsoft became dying. similarly, before Steve Jobs, Apple changed into death.

a superb place for IBM to birth is to respect that it is in predicament. After this, it can delivery with the aid of setting up the cause of the problem. I trust that the reason for IBM’s complications became its lateness in the cloud computing business. This extend allowed Amazon and different corporations to enter the trade and purchase purchasers. In cloud, the churn expense is so low that once an organization acquires a client, it may well make sure that the company will not defect to its opponents.

subsequent, as with other tech businesses that have recovered, IBM should still trust altering its administration. The reality is that Verginia Rometty has not been an outstanding CEO. beneath her leadership, the company’s stock has declined by means of greater than 30% as proven under. at the equal time, she has been paid greater than $120 million. If Rometty has now not changed the enterprise in 6+ years, what makes the board assured that she can flip it round in future?

subsequent, as mentioned above, IBM should agree with giving up the acquisition of pink Hat. while this will appeal to a hefty divorce bill, it could be price than the disaster that awaits if the deal goes on. bear in mind that 83% of all M&A deals fail and there's no reason why this could be successful. To be clear, IBM will deserve to make acquisitions to compete with Amazon. basically, with the $34 billion, the enterprise can make alternative investments. as an example, it could possibly spend about $three billion to acquire a corporation like box (container) that counts 61% of Fortune 500 groups as customers.

enhanced, it could possibly use its ventures arm to put money into small startups in a similar method that Google has completed it with Google Ventures. As shown below, IBM Ventures has not made any meaningful investments within the recent past.

source: Crunchbase

eventually, IBM may still consider divesting its international enterprise options (GBS) segment. this is a segment that offers consulting, software management, and global process services. In 2017, the phase generated $sixteen.38 billion in revenues, which became lower than $sixteen.7 billion in 2016. The segment’s margins are the least among the different segments.

The gross margins are 25%. here is well-nigh similar to other companies within the sector like Accenture (CAN), Wipro (WIT), and Cognizant applied sciences (CTSH) which have gross margins of 30%, 30%, and 39%. hence, on a sum-of ingredients basis, this segment alone can also be price greater than $30 billion if you happen to compare it with its friends.

it is estimated that GBS has greater than 120K personnel. for this reason, divesting the section will help the company in the reduction of the headcount and enrich margins.

last recommendations

IBM’s stock has continued to say no after the announcement of the pink Hat acquisition. As I have explained, the business continues to face most important headwinds in an effort to possible take it decrease. youngsters, I consider that the administrators can serve the enterprise well with the aid of getting out of the RHT deal and finding more suitable acquisition goals, replacing the CEO, investing in early stage cloud companies via IBM Ventures arm, and diversifying the international enterprise functions arm.

Disclosure: i am/we're lengthy AAPL, box.

I wrote this text myself, and it expresses my very own opinions. i am not receiving compensation for it (other than from searching for Alpha). I have no company relationship with any business whose stock is mentioned listed here.


execs and Cons of IBM Blueworks — with an IBM Blueworks option | killexams.com Real Questions and Pass4sure dumps

here is about the strengths and weaknesses of IBM Blueworks BPM together with a workable alternative for Blueworks (Tallyfy). plenty of it's borrowed from Gartner, with some portions edited and cleaned up.

Please observe this disclaimer. I’m affiliated with Tallyfy — a workflow and BPM platform which differentiates via wonderful ease-of-use, customer-facing elements and suppleness to force adoption in modern teams.

IBM is bettering the intelligence of its Smarter system items by using complementary Watson applied sciences, resulting in what it calls Cognitive business Operations. It additionally superior cloud-primarily based deployments by enhancements in Blueworks are living and a licensing approach that permits valued clientele to follow purchase credit to either on-premises or cloud types of BPM. This evaluation facilities on IBM business procedure manager v.eight.5.6, IBM company procedure supervisor on Cloud, Blueworks reside, Operational choice manager (ODM) superior v.8.7 and business computer screen v.8.5.6. iBPMS projects additionally may also consist of IBM Analytical resolution management, IBM Bluemix, IBM Streams, IBM FileNet content manager, IBM Integration Bus, IBM MobileFirst Platform and different products.

Strengths of IBM Blueworks and IBM BPM
  • IBM presents a certainly large set of product facets, in a position to presenting virtually any feature desired to tackle the eight dimensions of the Gartner procedure IQ Framework. Its products assist most important industry requisites, so developers can quite simply mix and suit IBM items with software from other carriers.
  • IBM is a frontrunner in resolution administration and analytics, including rule processing in IBM BPM and ODM, BAM in IBM BPM and business computer screen, CEP in IBM ODM advanced and IBM Streams, and superior analysis in Watson Analytics and Watson cognitive functions.
  • IBM has made it less demanding for company individuals to take part in development via enhancements in Blueworks reside and a brand new elementary technique Accelerator procedure design tool. IBM company system supervisor additionally helps enterprise users execute unfamiliar or complex initiatives at runtime the use of its widespread manner instruct UIs.
  • Weaknesses of IBM Blueworks and IBM BPM
  • IBM BPM-based mostly programs will also be difficult to design, configure and deploy because most advanced applications require combining varied products and atmosphere many parameters and alternatives. IBM items overlap each and every different in content material management, company rule processing, BAM, CEP, portal, workflow/orchestration, alerting and different capabilities.
  • client references surveyed by way of Gartner supplied lukewarm feedback on typical pride relative to some other iBPMS vendors.
  • shoppers record that IBM enterprise process supervisor requires a comparatively high stage of competencies, an argument above all in small tasks the use of the on-premises IBM items. youngsters, individuals with knowledge within the product look like extra attainable than in past years.
  • option to Blueworks BPM — Tallyfy difficulty — old BPM makes modelling advanced

    a good alternative to Blueworks could be the means to model procedures with ease. simply because you have some huge BPMN mannequin doesn’t make you artful or beneficial. in the conclusion, people can/will nonetheless have to in reality do the manner, which comes down to e mail/spreadsheets (except you need a 6-month IT project). It’s simply ridiculous to use BPMN in these days’s age — the place people collaborate and don’t comply with flowcharts anyway. Any choice to Blueworks ought to wholly get rid of the use of flowcharts and in particular — BPMN. not like what you’ve heard about BPMN — it’s no longer a “normal” in any respect — as every dealer creates their personal flavor of it. This makes the an awful lot-touted “standard” and “portability” aspect of it next to not possible to obtain.

    Tallyfy uses essential lists that still have all the facets of flowcharts issue — just IT and manner analysts map tactics. Managers crave precise vigor to map a method themselves

    Tallyfy is the simplest tool that enables collaboration amongst any form of position/person — considering most people take into account the simplicity of the device in 60 seconds. The alternative to Blueworks isn't truly an choice in any respect — it’s an inevitable switch.

    Tallyfy enables anybody to collaborate on documenting a process difficulty — no one looks at system maps. You need your methods to be in essential, executable checklist layout

    This ability you want workflow application like Tallyfy that in reality provides that simplicity, along with the energy you want.

    Please — let’s drop flowcharts and BPMN — it’s completely broken and uselesstrust a gorgeous alternative to IBM Blueworks — Tallyfy

    It integrates to every thing, and it definitely works for all and sundry.

    Take a glance at a video demo of Tallyfy below, as a potential, consumer-pleasant alternative to Blueworks.


    IBM launches IBM AI OpenScale to combat AI sprawl as part of huge open strategy | killexams.com Real Questions and Pass4sure dumps

    IBM launched IBM AI OpenScale, a platform designed to support agencies build, run, manipulate and operate artificial intelligence purposes.

    The launch of AI OpenScale is part of IBM's ongoing effort to become a administration airplane for AI and add transparency to so-known as black field methods. If AI sprawl is never here today it quickly might be and organisations are prone to have a management headache forward. IBM has been pushing for extra AI transparency and equipment that enable records scientists as well as company executives find flaws in models.

    For IBM, AI OpenScale is one entrance of a multi-pronged method to place its wares as being more open and serve as an integrator for information, assorted clouds and security analysis. IBM's large message: Serving as an agnostic technology provider can superior aid organizations.

    Beth Smith, regularly occurring supervisor of Watson information and AI at IBM, mentioned AI today is a mesh of equipment, models and frameworks. "people use plenty of equipment. Some are roll your own," spoke of Smith, who delivered that IBM AI OpenScale is an interoperable system that may support AI implementations.

    also: The AI, laptop learning, and records science conundrum: Who will manipulate the algorithms? | IBM launches equipment to realize AI equity, bias and open sources some code

    IBM's AI OpenScale platform, which might be obtainable later this yr on IBM Cloud and IBM Cloud inner most, will function AI applications and debug them for issues like bias anyplace they were built or presently run. The platform will guide frameworks similar to Watson, Tensorflow, Keras, SparkML, AWS SageMaker, Azure ML and others.

    a part of the AI OpenScale launch includes NeuNetS, which is a system that can automate and construct AI. Smith cited that NeuNetS can shop records scientists time and might narrow an commercial enterprise capabilities hole.

    IBM AI OpenScale is designed to clarify how AI applications attain decisions, provide an audit path and make sure AI fashions are reasonable at runtime.

    listed below are some aspects and examples of how AI OpenScale would work in apply:

  • AI OpenScale manages and optimizes AI functions, but statistics scientists would build models in the framework of their option.
  • despite the fact, IBM AI OpenScale would automate many gadgets within the AI construction manner. as an example, de-biasing can be computerized. "AI OpenScale would deliver fairness to an attribute in a model and does it in a way that doesn't alter the base mannequin," noted Smith.
  • AI OpenScale would go away the normal model by myself, but de-bias it with a new auto-generated model.
  • NeuNetS would be used to pleasant tune AI and models and could velocity up development time through months. NeuNetS has been in use at IBM for "a couple of months," mentioned Smith, who noted the provider would delivery out as a beta within the platform.
  • For IBM AI OpenScale to work inside an enterprise the client would have to be capable of element massive Blue to a right away conclusion factor the place the AI black field resides. IBM would not be capable of manipulate embedded AI in yet another utility. for instance, Salesforce's Einstein could not be accessed from AI OpenScale, however the CRM significant may use IBM's platform to manipulate its fashions that it embeds into functions.

    additionally: 10 methods AI will affect the commercial enterprise in 2018 TechRepublic

    one at a time, IBM launched Multi-cloud manager, an operations platform based on Kubernetes containers to control public and hybrid cloud deployments.

    The console from IBM is optimized on IBM Cloud, however can integrate and manipulate workloads on clouds from the likes of Amazon web capabilities, red Hat and Microsoft. The Multi-cloud supervisor runs on IBM Cloud private.

    in response to large Blue, the differentiator for its cloud administration console is that it be according to open requirements to manipulate information and apps across clouds.

    Multi-cloud supervisor, accessible this month, comprises:

  • The potential to interconnect distinct clouds, unify techniques and automate operations.
  • A dashboard to control hundreds of Kubernetes purposes and statistics where its determined.
  • An built-in compliance and guidelines engine for business policies and safety requisites.
  • Automation to outline how, where and when Kubernetes applications are deployed and how they're backed up.
  • moreover, IBM outlined IBM security connect, an open platform that goals to mixture and analyze federated security information throughout diverse methods and environments.

    IBM protection connect is in keeping with laptop discovering and AI.

    also: AI ability a lifetime of training CNET

    in accordance with IBM, safety join will open its framework, micro capabilities, application developer kits and software programming interfaces for integration and development. IBM protection connect will house the enterprise's present security App exchange and all of its security functions.

    The business additionally dedicated to using latest open security and protocol specifications. IBM protection connect could be available within the first quarter of 2019.

    old and linked insurance:

    what is AI? every thing you should know

    An govt guide to artificial intelligence, from machine learning and popular AI to neural networks.

    what's deep getting to know? everything you should know

    The lowdown on deep learning: from how it relates to the broader field of laptop learning via to how to get started with it.

    what is machine gaining knowledge of? every thing you should comprehend

    This e book explains what computer gaining knowledge of is, how it is concerning artificial intelligence, how it works and why it matters.

    what's cloud computing? every thing you need to know about

    An introduction to cloud computing right from the basics as much as IaaS and PaaS, hybrid, public, and personal cloud.

    related studies:


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    C9550-413 exam Dumps Source : IBM Operational Decision Manager Advanced V8.7 Application Development

    Test Code : C9550-413
    Test Name : IBM Operational Decision Manager Advanced V8.7 Application Development
    Vendor Name : IBM
    Q&A : 68 Real Questions

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    IBM Operational Decision Manager Advanced V8.7 Application Development

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    IBM and Hortonworks Partner to Accelerate Data-Driven Decision Making | killexams.com real questions and Pass4sure dumps

    Jun 13, 2017

    IBM and Hortonworks are expanding their partnership focused on extending data science and machine learning to more developers and across the Apache Hadoop ecosystem.

    The companies are combining the Hortonworks Data Platform (HDP) with the IBM Data Science Experience and IBM Big SQL into new integrated solutions designed to help users better analyze and manage data for better decision making. 

    “The combination of IBM’s data science and Hortonworks’ open and connected data platforms will benefit not only our respective clients, but also the Apache open source community because of our combined investment and collaboration,” said Rob Bearden, CEO, Hortonworks. “We’re excited about the inevitable acceleration in technical innovations that this relationship is being designed to foster, the result being smarter and more agile businesses.”          

    This partnership will provide an integrated and open data science and machine learning platform to enable teams to collaborate and operationalize data science, said Rob Thomas, general manager, IBM Analytics. By using advanced machine learning and deep learning capabilities, the combination of Hortonworks Data Platform with IBM's Data Science Experience and the IBM Machine Learning platform can help clients achieve improved analytic results faster and at scale.

    Building on the companies’ previously established partnership, Hortonworks will resell the IBM Data Science Experience with HDP, a Hadoop distribution, and adopt it as its strategic data science platform, giving developers a fast on-ramp to data science capabilities including machine learning, advanced analytics and statistics. Also, Hortonworks and IBM will create new solution bundles that integrate HDP with IBM Big SQL, IBM’s SQL engine for Hadoop, giving Hortonworks’ clients and users a familiar method of managing their data.

    IBM is adopting HDP for its Hadoop distribution and will integrate it with its Data Science Experience and Machine Learning, creating a solution that combines the data security, governance and operations functionality provided by HDP, and the analytics and management of the Data Science Experience. IBM will migrate existing IBM BigInsights users to HDP.

    IBM Data Science Experience provides a set of tools and a collaborative environment through which analysts and developers can create new analytic models. For example, IBM Machine Learning, found in the Data Science Experience, can speed the time it takes to build and deploy analytic models for application development by two-times, according to IBM testing.

    In addition to the companies’ product collaborations, IBM and Hortonworks are also founding members of the Open Data Platform Initiative (ODPi). Launched in February 2015, ODPi is comprised of industry leaders working collaboratively to define and promote a set of standard open source technologies and increase compatibility among big data platforms.

    As part of their ]partnership, the companies will also join forces to advance the development of Unified Governance (IBM BigIntegrate, IBM BigQuality and IBM Information Governance Catalog) on the Apache Atlas open platform. Atlas provides a scalable governance platform for Enterprise Hadoop which is designed to help developers model new business processes and data assets quickly and easily. Through their work, both companies plan to help advance Atlas from its current Incubator status to Apache Top Level Project status, where projects are typically released for open development and deployment.

    In addition to Atlas, the companies will also partner on the advancement of Apache Spark, the open source framework for processing and analyzing large datasets across clustered environments. The companies will also collaborate to advance the Apache Hadoop framework itself, working to unify access to multi-vendor, heterogeneous data environments across data warehouses and databases.

    For more information, go to www.hortonworks.com and www.ibm.com/analytics.


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    Smart Dubai and IBM to Offer the First Government-Endorsed Blockchain Platform in the Middle East | killexams.com real questions and Pass4sure dumps

    - New service to be delivered through an IBM Cloud environment built in the UAE

    - Organizations to benefit from keeping their data in-country and conducting transactions locally

    DUBAI, United Arab Emirates, Oct. 30, 2018 /PRNewswire/ -- Smart Dubai and IBM (NYSE: IBM) today announced the launch of the Dubai Blockchain Platform, the first government-endorsed blockchain platform as-a-service in the United Arab Emirates (UAE). Delivered through an IBM Cloud environment and built locally in the UAE, the enterprise-ready platform will serve as a stepping stone for organizations in the UAE and globally to transition their blockchain testing and development into full-production. It will also transform and digitize applicable government processes and citizen services.

    Dubai has been leading efforts to encourage the use of blockchain, with a vision to make the emirate a paperless government by 2021. As part of the Dubai Blockchain Strategy, for which IBM is the official Blockchain Strategic Partner, Dubai has seen the launch of various blockchain applications in a number of government entities across different sectors, including roads and transport, energy, healthcare and education.

    The new Dubai Blockchain Platform will help integrate digitized services and experiences run on IBM Blockchain into citizens' day-to-day lives. Organizations will also benefit from keeping their data in-country and conducting transactions locally, and in turn, lower operational costs.

    The platform will conform to the Information Security Regulation (ISR)* standards issued by the Dubai Government. It will also be powered by IBM's mainframe technology, LinuxONE™, which is capable of running more than 6.2 billion web transactions per day.

    The Dubai Pay Blockchain Settlement and Reconciliation System, officially launched on 23rd September, will be one of the first projects to migrate onto the Dubai Blockchain Platform. Through this service, a process that used to take entities approximately 45 days to reconcile and settle payments with other government entities, banks and financial institutions, is now reduced to real time.

    Her Excellency Dr. Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office (SDO), said: "Guided by the forward-thinking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, Smart Dubai has been moving rapidly towards our main objective of transforming the emirate into a full-fledged smart city that tops global competitiveness and happiness indexes."

    "Dubai has been a pioneer in blockchain technology since its inception, while other major cities around the world were reluctant to embrace it for city-wide implementation," H.E. Dr Aisha added. "The Dubai Blockchain Strategy set a clear path for the emirate to have the world's first fully digitized government by 2021. The Dubai Blockchain Platform we are launching today with IBM – who bring a wealth of insight and expertise in the advanced tech industries – drives us forward in our mission and allows us to power all blockchain applications in the city from one united portal."

    H.E. Wesam Lootah, CEO of the Smart Dubai Government Establishment (SDG), said: "As Dubai persists on its path to becoming a world leader in the industries of the future, Blockchain technology will occupy an increasingly significant status in Governments' and organizations' day-to-day undertakings, as well as in individuals' everyday lives."

    "Blockchain is steadily moving towards becoming a multibillion market by 2019 and we, at Smart Dubai, have successfully embedded the technology in numerous services, the latest of which was the advanced 'Dubai Pay Blockchain Settlement and Reconciliation System', which eliminates friction from financial processes between government entities through automation and minimal human intervention. And with the launch of the Dubai Blockchain Platform today, we will be one step closer to implementing Blockchain-powered services and experiences into citizens' day-to-day lives," H.E. Lootah concluded.

    "In the past few years, technologies such as blockchain have moved up on the agenda in Dubai. Today, proof of concepts are bypassed and organizations are moving into full-scale production," Amr Refaat, General Manager, IBM Middle East and Pakistan. "Blockchain provides an added layer of trust and transparency among government organizations and businesses and helps make collaboration more efficient. The new IBM Blockchain-based service will enable organizations to keep their data in-country and conduct transactions locally. It also conforms to Dubai Government's Information Security Regulation standards."

    Through the collaboration with IBM, Smart Dubai aims to run all applicable government transactions on blockchain and make Dubai a global benchmark for city-wide blockchain implementation.

    About IBM Blockchain IBM is recognised as the leading enterprise blockchain provider. The company's research, technical and business experts have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise. Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks. IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ or follow us on Twitter at @ibmblockchain.

    *ISR mandates government entities in Dubai to implement specific requirements and controls to ensure appropriate level of confidentiality, integrity, and availability of information assets.

    CONTACT: Leesa DAlto, 212-671-9806, Leesa.dalto@ibm.com

    Logo - https://mma.prnewswire.com/media/95470/ibm_logo.jpg     Photo - https://mma.prnewswire.com/media/776462/blockchain_platform_in_the_UAE___IBM.jpg  



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