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IBM Invests $3 Billion and Hires 2,000 for IoT Unit

28 August 2015

The Strategy Analytics (SA) IoT Strategies Service Report, "IBM Takes Aim at IoT with Multi Billions Investment," has revealed that IBM has invested over $10 billion on IoT, analytics and cloud initiatives so far. IBM's worldwide brand, ongoing R&D activities, extensive solutions and high profile partnerships such as the Apple Mobile First alliance shows a growing IoT presence. The company also indicates that it will be staffing to the tune of 2,000 individuals for these initiatives.

The SA Report provides a detailed overview of IBM's approach to advancing its IoT initiatives using four foundational elements, devices and networks, platform, applications and solutions and industry-specific transformations.

The SA Report details IBM's IoT-related R&D investments, partnerships and how it is leveraging its 13 Global Research Centers and the world's largest patent portfolio to spearhead IoT efforts.

Plans are to use resources to accelerate IoT deployments across a wide variety of verticals and closely collaborate between business groups such as Analytics; Systems and Technology (STG); the Watson Business Unit; and its Cloud and Services groups.

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.

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