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Published in TZ Latest News 31 March, 2015 by The TZ Newswire Staff

IBM says to invest $3 bln in ‘Internet of Things’ unit

The Armonk, New York-based technology company said its services will be based remotely in the cloud, and offer companies ways to make use of the new and multiplying sources of data such as building sensors, smartphones and home appliances to enhance their own products. For its first major partnership, IBM said a unit of the Weather Co will move its weather data services onto IBM’s cloud, so that customers can use the data in tandem with IBM’s analytics tools.

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