IBM bets big on big data
IBM has placed one it’s ‘biggest bets’ with the opening of its Watson Internet of Things (IoT) business in Munich.
The so-called ‘ecosystem initiative’, which represents an investment of $200m, is looking to attract customers in order to make gains in an IoT market estimated to be worth $14.2 trillion by 2022.
IBM already has over 6,000 clients and partners looking to join the Watson IoT centre and last week saw the announcement of Avnet, BNP Paribas, Capgemini and Tech Mahindra collocating development teams to Munich, which will also act as an innovation hub for EEBus, the European IoT standards organisation.
“When IBM places bets we do it in a big way,” said Dr John Kelly, senior vice president, Cognitive Solutions and IBM Research. “We do it with billions of dollars, we do it with thousands of people and we do it in locations and buildings like this because we want to win.”
IBM used the opening of its new facility to highlight how customers can use Watson to interrogate and exploit data generated by their businesses in real-time, including SNCF, the French railways operator.
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