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April 1, 2015

IBM invests $3B to build ‘Internet of Things' unit

  • This could mean combining Twitter data with weather data to predict what someone might buy.

    • NEW YORK (AP) — IBM is investing $3 billion to build an “Internet of Things” division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it to help companies better manage their businesses.

    IBM estimates that 90 percent of all data generated by mobile and “smart” devices is never analyzed. The Armonk, New York, company hopes to change this by teaming up with companies like Twitter and the Weather Co., the owner of the Weather Channel, and developing cloud-based data services and tools for app developers.


     
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