Artificial intelligence is changing industries everywhere, and governments are no exception. Citizens now expect the same fast, easy service from public agencies that they get from private firms. Meeting these expectations while keeping sensitive information safe requires a secure cloud platform with strong built-in protections. Interestingly, an IBM (IBM) Institute of Business Value CEO Study found that nearly 80% of government organizations have adopted cloud computing and reported benefits such as lower costs, stronger security, and better citizen experiences.
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However, modernizing public sector systems isn’t easy. Indeed, governments must serve the public interest while protecting citizens and critical infrastructure. As a result, IBM says that it can help governments address these challenges by allowing them to build infrastructure that keeps critical systems secure, makes better use of resources, and minimizes service disruptions. By partnering with IBM and other technology providers, agencies can spend less time managing complex IT systems and more time focusing on delivering results for citizens.
Indeed, IBM claims that its Cloud is built for highly regulated industries like the public sector because it offers agility, scalability, and strong data governance. With advanced security features such as confidential computing and “Keep your own key” encryption, IBM helps agencies protect sensitive information while maintaining public trust. Its platform also supports fast testing and service improvements, therefore allowing governments to act quickly to changing needs.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $296.15 per share implies 26.6% upside potential.
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