IBM plans to invest $3 billion in an operation to develop an Internet of Things (IoT) division tasked with handling data from smartphones, tablets, connected vehicles, and other Things. The platform will be open so manufacturers can ensure their apps and connected devices are optimized for IoT connectivity.
The company understands that the majority of data generated and collected cannot be analyzed, as there is no proper infrastructure to do so - but will work with partnering companies to develop tools and services for app developers.
"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, SVP of IBM Analytics. "IBM will enable clients and industry partners apply IoT data to build solutions based on an open platform. This is a major focus of investment for IBM because it's a rish and broad-based opportunity where innovation matters."
IoT is expected to boom in the coming years and IBM wants to make sure it is properly positioned to cater to businesses.