BUSINESS NEWS SPONSORED BY DELL E-SERIES 24" MONITORS FROM DCC:

IBM has unveiled IBM Z16, IBM’s next-generation system with an integrated on-chip AI accelerator—delivering latency-optimized inferencing. This innovation is designed to enable clients to analyze real-time transactions, at scale -- for mission-critical workloads such as credit card, healthcare and financial transactions. Building on IBM’s history of security leadership, IBM z16 also is specifically designed to help protect against near-future threats that might be used to crack today’s encryption technologies.

IBM innovations, including the IBM z16, have formed the technology backbone of the global economy for decades. Today’s modern IBM mainframe is central to hybrid cloud environments, valued by two thirds of the Fortune 100, 45 of the world’s top 50 banks, 8 of the top 10 insurers, 7 of the top 10 global retailers and 8 out of the top 10 telcos as a highly secured platform for running their most mission critical workloads. For example, according to a recent IBM commissioned study by Celent report “Operationalizing Fraud Prevention on IBM Z,” IBM zSystems run 70% of global transactions, on a value basis. 

“As industries across South Africa transform rapidly, IBM Z16 innovations will be essential in addressing top needs around hybrid cloud like security, privacy and agility. With z16, our clients can be one step ahead and deliver exceptional customer experiences with the privacy and security they need – including preventing fraud in real time at scale - wherever their mission critical data resides,” said Kosta Lochaitis, Brand Sales Manager at IBM South Africa.

Real-time enterprise AI to revolutionize industries with new use cases and applications

Financial institutions worldwide struggle with the impacts of fraudulent activities on their revenues and consumer interactions. IBM z16 uniquely brings together AI inferencing, via its IBM Telum Processor, with the highly secured and reliable high-volume transaction processing IBM is known for.

For the first time, banks can analyse for fraud during transactions on a massive scale: IBM z16 can process 300 billion inference requests per day with just one millisecond of latency. For consumers, this could mean reducing the time and energy required to handle fraudulent transactions on their credit card. For both merchants and card issuers, this could mean a reduction in revenue loss as consumers could avoid frustration associated with false declines where they might turn to other cards for future transactions.

Other threats including tax fraud and organized retail theft are emerging as challenges for governments and businesses to control. Real-time payments and alternative payment methods like cryptocurrencies are pushing the limits on traditional fraud detection techniques. Applying the new capabilities of IBM z16 to other industries can help create an entirely new class of use cases, including:

• Loan approval: to speed up approval of business or consumer loans
• Clearing and settlement: to determine which trades and/or transactions may have a high-risk exposure before settlement
• Federated learning for retail: to better model risk against fraud and theft

Securing data with the industry’s first quantum-safe system

In a hybrid cloud environment inclusive of on-premises and public cloud resources, it is critical to protect against today’s threats and posture against cyber criminals who may be stealing data now for decryption later. Building on IBM technologies like Pervasive Encryption and Confidential Computing, IBM z16 takes cyber resiliency a leap further by protecting data against future threats that could evolve with advances in quantum computing.

As the industry’s first quantum-safe system, IBM z16 is underpinned by lattice-based cryptography, an approach for constructing security primitives that helps protect data and systems against current and future threats. With IBM z16 quantum-safe cryptography, businesses can future-ready their applications and data today.

IBM z16’s secure boot ( meaning that bad actors cannot inject malware into the boot process to take over the system during startup) and quantum-safe cryptography can help clients address future quantum-computing related threats including harvest now, decrypt later attacks which can lead to extortion, loss of intellectual property and disclosure of other sensitive data.

Modernizing for hybrid cloud

IBM has spent the last three years making significant investments in service of our commitment to embrace open-source technology on the IBM zSystems platform and establishing a common developer experience across the hybrid cloud. These solutions are designed to help our clients leverage their investments in — and the strengths of — their existing IT infrastructure, clouds and applications in a seamless way, while giving them the flexibility to run, build, manage and modernize cloud native workloads on their choice of architecture. 

With IBM z16, IBM used a highly collaborative, client-centered approach that deeply engaged hundreds of individuals from more than 70 clients, a practice that is already underway for future IBM mainframe systems. IBM z16 will be generally available on May 31, 2022. For more information, please visit Ross Mauri’s blog.