16.06.

1911: How was the Gigantic IBM Company Established?

1911: How was the Gigantic IBM Company Established?
Photo Credit To Wikipedia Commons

Story Highlights

  • Historical event:
  • 16 June 1911
  • The man most responsible for the rise of IBM was the famous Thomas J. Watson, whom they called the world's greatest salesman. It is interesting that the IBM supercomputer is called Watson. That computer actually represents an artificial intelligence capable of answering questions posed in human languages.

This day IBM celebrates as the day of its inception.

Back in 1911, the famous American entrepreneur Charles Ranlett Flint created a new company by successfully merging several previous computer companies that had been manufacturing tabulators, employee time-keeping systems and punch card equipment.

The new company was called the Computing Tabulating Recording Corporation (CTR), and was renamed the International Business Machines (IBM) only in 1924.

The first headquarters were in the town of Endicott, halfway between New York City and the Canadian border. Endicott is famous even today as the “Birthplace of IBM”.

The man who is most responsible for the rise of IBM was the famous Thomas J. Watson, CEO from 1914 till 1956, whom they called the world’s greatest salesman.

He took over the company when it had 1,300 workers, and left when it reached 72,500 employees and owned or rented 90% of all tabulators in the United States.

It is interesting that the IBM supercomputer Watson was named after him. That computer actually represents an artificial intelligence capable of answering questions posed on a human language.

Thomas J. Watson was allegedly a high-ranking Freemason. Today, IBM is the second largest company in the U.S. by the number of employees (employing over 433,000 people).

According to the Fortune magazine, IBM is the number one company in the world for business leaders. It is interesting that the world’s 50 largest banks now reportedly use IBM’s central (mainframe) computers.

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