IBM's Analytics Center Focuses on Financial Services

By Jeremy Kirk, IDG News Service, Dec 1, 2009.
IBM has opened a business analytics center in London to focus on services for the U.K.'s financial sector, which drives a major portion of the nation's economy.

IBM said the center's initial focus will be on tracking risk positions across markets and assets classes. The center, opened on Tuesday and located at IBM's South Bank offices, will employ 400, although IBM said that number could double as demand for analytics services increases.

The center will eventually provide services for energy and utility industries as they move into smart metering and grid technologies, IBM said. Other areas it will serve in the future include the public sector, for transportation and public safety programs, as well as pharmaceutical firms working on new drug development.

Read full story.