IBM To Invest $3 Billion in Internet of Things Unit

Big Blue on Tuesday announced plans to invest $3 billion over the next four years to build an Internet of Things (IoT) unit. IBM is also building a cloud-based open platform to help clients and ecosystem partners build IoT solutions.

In its announcement, IBM noted that its Smarter Planet and Smarter Cities initiatives were based on practical IoT applications that led to a broad set of solutions that combine and analyze data from various sources.

IBM plans to use that knowledge as a jumping off point with an IoT unit that will make available an open platform that lets manufacturers design and produce connected IoT devices and systems that inform decision-making. Pat Toole will lead the unit as general manager.

EUOur 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,EU said Bob Picciano, Senior Vice President of IBM Analytics. EUIBM 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 itEUs a rich and broad-based opportunity where innovation matters.EU

IBM Presses Into IoT

IBM has done its IoT homework. Big Blue has determined that 90 percent of all data generated by devices such as smartphones, tablets, connected vehicles and appliances is never analyzed or acted on. WhatEUs more, as much as 60 percent of this data begins to lose value within milliseconds of its generation.

IBM is starting out with three solutions to address this challenge: IoT Cloud Open Platform for Industries; Bluemix IoT Zone, and IoT Ecosystem.

IoT Cloud Open Platform for Industries promises new analytics services that clients, partners and IBM will use to design and deliver vertical industry IoT solutions. HereEUs an example:...

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