Tech giants IBM (IBM) and Microsoft (MSFT) are working together to make artificial intelligence easier for employees to use in their daily work. Indeed, IBM consultants can now access IBM’s AI platform, called IBM Consulting Advantage, directly within Microsoft 365 apps like Word, Excel, PowerPoint, Teams, and Outlook. This means consultants don’t need to switch between tools. Instead, they can use IBM’s AI assistants and resources right inside the software they already use.
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Interestingly, IBM says that thousands of its consultants are already using this new setup and saving over 250,000 hours each year. The company estimates that this change is creating about $35 million in new value. For instance, one real-world example showed consultants finishing four research tasks in just 13 minutes using AI agents, instead of the three hours that it would normally take.
Additionally, the AI platform includes several helpful tools, or agents, such as ones that suggest IBM services, pull insights from IBM’s research, and create visuals for executive presentations. More features are also on the way, and include a new custom agent that can choose the best AI assistant or document for the task at hand using IBM’s ContextForge and internal protocols.
Is IBM a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $295.18 per share implies that shares are trading near fair value.
