IBM Is Big on IoT
International Business Machines seems to have impressive Internet of Things (IoT) capabilities and several use cases, based on commentary from the general manager of its IoT business, who spoke at our KBCM Industrial Conference.
IBM (ticker: IBM) has made significant investments (about $3 billion) in Watson and positioned it to offer cognitive analytics. IBM’s IoT business is growing at 15% year-over-year with healthy secular growth characteristics.
Companies are investing to take advantage of data generated (99% of data is unused today). IoT is viewed as critical to gaining a competitive advantage by using proprietary data. Organizations can: 1) improve operations (gain insight through data analytics) and lower costs; 2) enhance customer experience; and 3) transform and generate new revenue streams. The majority of use cases today are to improve operations, cut costs, and do break-fix analysis. Read more…
