Michael Dell on the Future of Dell Technologies: Embracing Artificial Intelligence

  • SaySay
  • Ai
  • June 17, 2024
  • 0 Comments

As Dell Technologies celebrated its 40th anniversary at the opening of the Dell Technologies World (DTW) 2024 exhibition and conference, held May 20-24 in Las Vegas, Michael Dell shared his reflections on how far the business has come since its inception in 1984. Back then, as a freshman at the University of Texas, he purchased $1,000 worth of computer components and began taking orders to upgrade IBM PCs. By the end of that year, the company was building custom computers that could rival the IBM PC, but at half the price.

The next four decades of Dell Technologies mirrored the history of the personal computer world. And the secret to Dell’s success was its business model. Built-to-order computers were sold directly to consumers and businesses, so the company didn’t need to maintain inventory. From the very beginning, Dell took the top spot on the list of IBM alternatives and rapidly approached the leader. For the first 15 years, Dell’s business grew at a staggering pace, and in 1992, just four years after going public, the company joined the Fortune 500. From 1996 to 2000, Dell’s daily sales grew from $1 million to $40 million, and its stock price nearly doubled each year. By 2000, the company had become the largest computer manufacturer in the United States, second only to Compaq in the world.

In 2004, Michael Dell stepped down as CEO and handed over the reins to Kevin Rollins, which did not bode well for the company’s business development in the following years. Therefore, in December 2007, Rollins resigned, and Michael Dell returned to the helm of the company. With his return, Dell firmly established itself among the top three computer manufacturers in the world and significantly developed its corporate business over the next 5 years. Subsequently, a number of companies were acquired in the field of data storage, systems management, cloud computing, data protection, and software development. In 2013, when the PC market plummeted, Michael Dell bought back Dell for $24.4 billion and made his company private again. And already in 2016, Dell acquires data storage manufacturer EMC for $67 billion, and a year later the company, renamed Dell Technologies, returns to the stock market, reaching a market capitalization of $21.7 billion. Since then, the company’s stock has risen 500%.

Dell Technologies’ latest annual report notes that the company has over 133,000 employees worldwide. More than 21% of the $101 billion in revenue last year came from services, and the company also received $9.3 billion in special dividends from Broadcom’s acquisition of VMware. Today, Dell continues to manufacture computers and peripherals, half of which are sold outside the United States. But the company is also known for its servers, data storage systems, and networking equipment. This portfolio helps corporate clients launch and manage cloud environments, develop artificial intelligence models, engage in machine learning, and data analysis. The company continues to sell VMware services and remains the owner of the world’s leading cybersecurity provider, Secureworks. The company remains true to its Partner First strategy, which can be felt at all levels and in all regions of the world, including Azerbaijan.

This year, the most impressive delegation from Azerbaijan in the history of the exhibition took part in Dell Technologies World 2024, which was held under the slogan “AI Edition”. It included not only representatives of distributors and partners, but also customers of Dell Technologies solutions from the private and public sectors of our country. Also, within the framework of the conference, customers from the public sector of Azerbaijan were able to hold a number of high-level meetings and discuss the issues of applying the latest technologies and developments of Dell Technologies in these structures. And we all managed to fully experience not only the festive atmosphere of Las Vegas, but also the scale of the event itself, which clearly formulated the company’s development priorities for the coming years and outlined those with whom Dell Technologies intends to embark on this journey.

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