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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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International Business Machines : Electrolux and IBM use AI to help consumers make energy-saving choices

11/19/2020 | 09:00am EST

Electrolux today announces a new collaboration with IBM in the Asia Pacific & Middle East and Africa (APAC and MEA) regions to provide real-time weather and environmental data to help consumers make energy-saving choices about when to use appliances such as clothes dryers, air purifiers and air conditioners.

This is the latest in a long line of partnerships between Electrolux and technology companies to develop relevant offerings for consumers - this time enabling consumers to make more sustainable everyday choices in a part of the world where high levels of air pollution, heat and humidity are common.

IBM's subsidiary The Weather Company uses an AI-enabled weather forecasting model to pull together real-time, hyper-localized data on air quality, pollen levels, humidity and temperature which is then sent to Electrolux. Weather predictions are then made available through the Electrolux Life App, a digital hub for Asian consumers, to provide sustainable living recommendations.

Users for example will be prompted to use their clothes dryer when rain is forecast or when the air quality is not acceptable for air-drying. Similarly, the application recommends not to use the dryer when the outdoor weather is optimal for air-drying, thus saving energy.

'Having cutting-edge weather insights means that consumers will enjoy recommendations about their connected appliances tailored specifically and uniquely to where they live. In this way, we also help environmentally-conscious consumers to save energy and make better sustainable decisions', said Gaurav Julka, Electrolux Senior IT Manager, Connectivity, for APAC & MEA.

The Electrolux Life App is a digital hub for Asian consumers - making it easier for users to cook, care for clothes, setup and manage connected appliances, or to simply get in touch with the consumer care team. It is currently accessible on Android and iOS in Australia & New Zealand, South East Asia and North East Asia, excluding China. To date, there have been more than 50,000 downloads in APAC. The weather data will be introduced incrementally as new connected appliances are added to the Electrolux Life App.

For more information about IBM'sThe Weather Company, visit newsroom.ibm.com/the-weather ompany.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 73 958 M - -
Net income 2020 5 393 M - -
Net Debt 2020 53 023 M - -
P/E ratio 2020 20,4x
Yield 2020 5,30%
Capitalization 109 B 109 B -
EV / Sales 2020 2,19x
EV / Sales 2021 2,09x
Nbr of Employees 352 600
Free-Float 39,7%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 16
Average target price 137,29 $
Last Close Price 122,49 $
Spread / Highest target 30,6%
Spread / Average Target 12,1%
Spread / Lowest Target -4,48%
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Managers and Directors
NameTitle
Arvind Krishna Chairman & Chief Executive Officer
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
Fletcher Previn Chief Information Officer
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