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TAGGED AS BOB PICCIANO

IBM to build IoT division

Media | 04/01/2015 3:27 pm EDT

International Business Machines (IBM) Corp. said Tuesday it will invest $3 billion US over the next four years to establish an Internet of Things (IoT) unit. It said in a press release it will use its cloud-based platform to help business clients better integrate data from IoT devices and other sources into their decision-making. “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,” Bob Picciano, senior vice-president of IBM Analytics, said in the release. IBM estimated that about 90 per cent of the data generated by devices such as smartphones, tablets, connected vehicles and appliances is never acted upon, and as much of 60 per cent begins to lose value within milliseconds of being generated. As an example of the...