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IBM sets aside $3 billion for new IoT division

Ting Hsuan Lin | September 26, 2016

IBM has confirmed that it will be investing $3 billion in a new division that will focus on the Internet of Things. 

The investment will be cashed out in the next four years, will help Big Blue build a cloud-based open platform that will help its clients and ecosystem partners better “integrate real-time data and insights”.

The company claims that only 10% of data generated by “at-the-edge” devices (smartphones, tablets, appliances or connected vehicles) is analyzed or followed up, with only two-fifths of it still relevant past the one-second threshold.

Three new solutions have been unveiled by IBM to tackle this issue. An IoT Cloud open platform for industries, a Bluemix PaaS IoT zone and an IoT ecosystem.

IBM is trying to reinvent itself as a cloud-first company, moving away from its traditional hardware business as it sold its x86 server business to Lenovo and acquired SoftLayer to boost its data center offering in 2013.

– KienNH1 – 

Source: http://www.techradar.com/news/internet/cloud-services/ibm-sets-aside-2bn-for-new-iot-division-1289858

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