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IBM to invest $3B in Internet of Things unit

by Associated Press

NEW YORK Mar 31, 2015 - 12:00 am GMT+3
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by Associated Press Mar 31, 2015 12:00 am
IBM says it is investing $3 billion over the next four years to create an "Internet of Things" business unit that will collect and analyze data from smartphones, tablets and other connected devices so that businesses can use it in their operations. IBM estimates that 90 percent of all data generated by mobile devices, connected vehicles and appliances is never analyzed. The company hopes to change that by creating partnerships with companies such as Twitter and the Weather Co., and developing cloud-based data services and tools for developers. "Internet of Things" refers to the growing number of ınternet-connected, smart devices in our homes, pockets and around us.
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  • Last Update: Mar 31, 2015 10:34 pm
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