IBM has invested $3 Billion in its new IoT Business Unit within Analytics Group. Report revealed that IBM’s decision to invest three billion and hire 2,000 workers to staff its new Internet of Things Business Unit solidifies its position as a preeminent player and driving force in mainstream IoT adoptions.
The Strategy Analytics IoT Strategies Service Report, “IBM Takes Aim at IoT with Multi Billions Investment” reveals that to date, IBM has invested over $10 billion to spearhead its interrelated IoT, Analytics and cloud initiatives. IBM’s worldwide brand, ongoing R&D activities, extensive solutions and high profile partnerships like the Apple Mobile First alliance, make it an IoT powerhouse across many verticals.
The SA Report provides a detailed overview of IBM’s multi-pronged approach to advancing its IoT initiatives utilizing several foundational elements.