An information technology (IT) company International business Machines Corporation (IBM)is investing $3 billion to build an internet of Things (IoT) division aimed at tackling the gigantic trove of data collected by Smartphones, tablets, connected vehicles and appliances, and utilizing it to help organizations better deal with their business activities.
According to analysts, about 90 percent of data generated by portable and smart gadgets is never examined.
As understood the company strategy, by collaborating with organizations like Twitter and the Weather Co., the pattern in analyzing the data will change and become purposeful for the businesses.
As reports say, IBM is preparing more than 2,000 experts, researchers and developers to help organizations concoct better approaches to utilize the vast amounts of information that are presently accessible.
The company plans to launch an online service that helps insurance agencies extricate understanding from connected vehicles, to make new valuing and services redid to individual drivers.
IBM is a global information Technology (IT) company and operates in five segments; Global Technology Services (GTS), Global Business Services (GBS), Software, Systems and Technology and Global Financing.
