PUBLISHED ON: JUNE 7, 2022
Full Form of IBM
| Acronym |
Full-Form |
| IBM |
International Business Machines |
International Business Machines or IBM is a multinational technology and consulting organization that is a trusted brand in the IT sector. The current CEO of IBM is Ginni Rometty and its headquarters is in Armonk, New York.
IBM manufactures computer software and hardware and offers hosting, infrastructure and consulting services. There are different categories into which its products can be divided, such as cognitive, cloud, data & analysis, IT infrastructure etc. Included in its services are Mobility, Business, networking, Resiliency services, security services, technical support services etc. Additionally, it also offers business and enterprise solutions.
IBM: History
- IBM was founded by Charles Ranlett Flint as the Computing Tabulating Recording Company (CTR) on June 16 1911. It was the result of merger of three companies; International Time Recording Company, Tabulating Machine Company, and Computing Scale Company.
- Thomas J. Watson, Sr., in 1914, joined the CTR from the National Cash Register Company.
- The CTR was named, in 1924, as International Business Machines (IBM).
- IBM introduced the first computer, IBM 701 defense calculator, in 1953.
- IBM developed a programming language and named it FORTRAN in 1957.
- It bought the patents for the electric typewriter in 1933 and produced an improved version of the typewriter in 1935.
- IBM introduced the first hard drive in 1956, the 305 RAMAC.
- IBM introduced floppy disks in 1967 and changed the way data was saved and moved.
- It partnered with American Express and American Airlines in 1970 and created the first airline ticket vending kiosk.
- IBM created the first ATM, the IBM 2984 in 1972.
- The Universal Product Code (UPC) code was introduced by IBM.
- Magnetic stripe technology was developed by IBM and it introduced magnetic strips on credit cards and driving licenses.
- It introduced its first personal computer in 1981 and named it IBM PC.
- IBM was ranked the second-largest U.S. Company in terms of the number of employees (435,000) in 2012.
