IBM, the common name of International Business Machines Corporation, is one of the largest technology and consulting companies in the world, employing around 380 thousand employees worldwide. Currently headquartered in Armonk, New York, IBM was founded in 1911. Originally operating under the name of the Computing-Tabulating-Recording Company (CTR), the company took on the IBM moniker in 1924.
IBM is responsible for some the most groundbreaking inventions in the technology industry, such as the automated teller machine (ATM), the hard disk drive (HDD), the Universal Product Code (UPC) and the dynamic random-access memory. For those and other innovations, IBM and its employees have gained recognition and acknowledgement in the form of five Nobel prizes, ten U.S. National Medals of Technology, five U.S. National Medals of Science, and six Turing Awards, one of the most prestigious computer science awards in the world. IBM also holds an extensive number of patents in the U.S., and has invested tens of billions of dollars into funding research and development. One challenge for the future will be if IBM can successfully capture a portion of the growing cloud computing industry.
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