IBM Bets $3 Billion on the Internet of Things
IBM sees the huge river of data streaming from Internet-connected smartphones, home appliances, and vehicles as a big business opportunity for the near future. “Big Blue” announced on Monday that it would invest US $3 billion over four years on a new business aimed at helping filter the data coming from the growing swarm of sensor-equipped devices.
The new IBM business unit uses online software called the Internet of Things Foundation that allows partner companies and clients to build new applications—or tweak existing apps—with a focus on analyzing data coming from many different devices. IBM also plans to team up with the Weather Company, owner of the Weather Channel, for the purpose of creating weather data applications to help businesses in fields such as insurance, energy, retail and logistics, according to the Wall Street Journal.
IBM’s latest business move anticipates huge growth in the Internet of Things, the growing swarm of devices capable of collecting data and sharing it all online. That swarm could include wearable wristband devices such as the Apple Watch, exercise and health-monitoring devices, household gadgets such as Nest’s smart thermostat, and smart cars capable of sharing information about weather and traffic conditions. IBM is betting that many companies will pay handsomely for help in analyzing the deluge of data coming from thousands or millions of sensors and computing devices.