IBM Pours $3B Into New IoT Business Unit
IBM is launching a new Internet of Things (IoT) business unit and has pledged to invest $3 billion to help bring IoT to the enterprise.IBM announced it will invest $3 billion over the next four years to establish a new Internet of Things (IoT) business unit. Big Blue also said it is building a cloud-based open platform to help customers and ecosystem partners build IoT solutions. The company also is creating new IBM IoT cloud services to drive insights into business operations. More than 2,000 IBM consultants, researchers and developers will support the new IoT initiative and help enterprise clients gain new insights. “Our knowledge of the world grows with every connected sensor and device, but too often we are not acting on it, even when we know we can ensure a better result,” said Bob Picciano, senior vice president of IBM Analytics, in a statement. “IBM will enable clients and industry partners to apply IoT data to build solutions based on an open platform. This is a major focus of investment for IBM because it’s a rich and broad-based opportunity where innovation matters.” Picciano said IBM’s pioneering work in Smarter Planet and Smarter Cities was based on practical applications of IoT in the enterprise and led to a broad set of solutions. These range from water management, to optimizing retail and customer loyalty, to alleviating traffic congestion. IBM provides enterprise IoT implementations that securely combine and analyze data from a wide variety of sources.
With new industry-specific cloud data services and developer tools, IBM will build on that expertise to help clients and partners integrate data from an unprecedented number of IoT and traditional sources. These resources will be made available on an open platform to provide manufacturers with the ability to design and produce a new generation of connected devices that are better optimized for the IoT. The resources will also help business leaders across industries create systems that better fuse enterprise and IoT data to inform decision-making.