IBM to build $3B IoT business unit

IBM to invest $3B in building Internet of Things business.

IBM on Tuesday said that it will create a new Internet of Things unit and invest $3 billion over four years to build it out.

The move formalizes IBM’s existing Internet of Things efforts. IBM’s smarter-planet and smarter-cities businesses are connected to the Internet of Things trend. The rough idea behind the Internet of Things is that sensors will be embedded in everything and networked to create data. This flow of data could improve operations.

For IBM, the formation of the Internet of Things unit follows a familiar playbook. IBM targets a high-value growth area, invests at least a $1 billion to get the effort rolling and throws its hardware, software and consultants at the issue. In this respect, the formation of the Internet of Things unit rhymes with what IBM did with e-commerce, analytics, and cloud and cognitive computing.

For more, see the link to CNET above.

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