This document discusses IBM's transformation into a cognitive solutions and cloud platform company. It highlights IBM's history of innovation, from pioneering computer science to developing technologies like Watson. The document outlines IBM's focus on speed, design, teaming, and differentiation in products. Recent acquisitions support this transformation. IBM is developing cognitive computing technologies and cloud platforms like Bluemix and Watson Analytics. It is bringing public cloud innovations like DevOps and containers to private data centers with a hybrid cloud model. The company is also cultivating new types of "T-shaped professionals" skilled in fields like data science, security engineering, and design thinking.