Skip to main content

IBM Drives Grid Computing for Commercial Business With Ten New Grid Offerings

Grid Results At Financial Services Firm Reduces Processing Time To Seconds

ARMONK, N.Y. - 27 Jan 2003: IBM is driving the benefits of Grid computing beyond its academic and research roots and into business enterprises with the introduction today of ten Grid offerings targeting key industries - aerospace, automotive, financial markets, government and life sciences.

Additionally, IBM announced that it's working with Charles Schwab on Grid computing solutions at the financial services giant's headquarters in San Francisco. The first Grid research and development project, just completed there, focused on maximizing processor efficiency and reduced the processing time on a financial application from more than four minutes to 15 seconds. The two companies are now looking to expand Grid research into other areas of Charles Schwab's business.

"We believe that Grid computing built and designed around open standards has the potential to greatly improve our quality of service and be a truly disruptive technology that can help us improve our business," said Oren Leiman, managing director of advanced technology at Charles Schwab.

IBM also announced today that it has established master relationship agreements with two Grid middleware vendors - Platform Computing and DataSynapse -- both of which will play key roles in helping IBM deploy Grids in the enterprise. IBM also has agreements with middleware providers Avaki, Entropia and United Devices.

"The benefits of Grid computing for e-business on demand are here; it's now and it's real," said Tom Hawk, general manager of Grid computing worldwide for IBM. "Working with our ISV business partners and the open Globus community, we've developed a set of structured capabilities and offerings that leverage IBM's unmatched experience in deploying IT solutions to help businesses reap the benefits of Grid computing. The commercial market for Grids is set to expand, particularly with the introduction of the Globus Toolkit 3.0, the first OGSA-compliant Grid middleware."

From Minutes to Seconds
IBM and Charles Schwab's Advanced Technology Group took an existing application that ran on non-IBM systems and Grid-enabled it with the Globus Toolkit running RedHat Linux® on IBM eServer(TM) xSeries(TM) 330 machines. The recently completed tests applied complex numerical methods in a dedicated environment to an existing wealth management application. This Grid-enablement reduced the processing time on the application from more than four minutes to 15 seconds. If implemented, this could allow Charles Schwab to increase customer satisfaction by responding to inquiries at a faster pace.

New Grid Offerings
IBM's go-to-market strategy in 2003 is built around five Grid focus areas that address the needs of the aerospace, automotive, financial markets, government and life science industries. These focus areas, which were based on customer feedback and customer Grid implementations, are Research and Development, Engineering and Design, Business Analytics, Enterprise Optimization, and Government Development.

Based on these focus areas, IBM is introducing ten Grid offerings for the following markets:

In addition to the nine industry-targeted offerings above, IBM is delivering a tenth offering in the form of Grid Innovation Workshops. Customized to each organization, the workshops are designed to help companies examine how Grid technologies can impact their organization.

The Grid offerings announced today are designed to operate in a heterogeneous environment and will incorporate the Open Grid Services Architecture (OGSA). IBM Global Services will support all elements of a Grid implementation with both IBM and non-IBM hardware and software.

New ISV Business Partners
IBM today announced that it is working with five select Grid middleware companies to deploy Grid solutions in the selected industries that IBM is targeting. Two of the vendors - Platform Computing and DataSynapse -- have signed master relationship agreements with the company.

Platform Computing is a 10-year-old company that generates more than $50 million a year delivering Grid solutions to more than 1,500 customers worldwide. Platform will be part of IBM's worldwide go-to-market Grid strategy and is currently the only vendor that will engage in all five industries IBM is targeting: aerospace, automotive, financial markets, government and life sciences.

DataSynapse, a New York City-based provider of Grid and distributed computing solutions will be part of IBM's go-to-market strategy in industries requiring business analytics Grids, specifically the financial services sector.

Avaki, a Massachusetts-based Grid software company plays a role in IBM's solutions as a provider of distributed data Grid products that enable secure wide area data access.

IBM also has agreements with two other Grid middleware vendors -- Entropia and United Devices - and will engage with these vendors in industries where they offer the greatest expertise.

Customer Testimonials
"PDVSA, the 6th largest Oil Company in the world, is in the process of implementing Grid technology from IBM and Platform Computing to improve its oil reservoir simulation modeling applications providing faster performance and more accurate forecasting. Working with IBM to quantify the significant business benefits, PDVSA is extremely excited about this new technology and its application potential across its enterprise," said Emilio Augustin, PDVSA Technical Operations Manager.

"Grid computing has already had a significant impact on our ability to meet our business objectives," said Bridget-Anne Hampden, managing director and CIO of Corporate and Investment Banking, Wachovia Corporation. "The combination of IBM's infrastructure expertise and DataSynapse's ability to enable a wide range of applications creates a compelling solution with immediately realizable benefits. As a long-time customer of both IBM and DataSynapse, we are excited about the partnership between the two companies "

Contact(s) information

Mike Darcy
IBM Media Relations
(914) 766-4777
mdarcy@us.ibm.com

Related XML feeds
Topics XML feeds
Business partners
Business partner information including strategic alliances
Software
Information Management, Lotus, Tivoli, Rational, WebSphere, Open standards, open source