Stefan Mileschin

Space isn’t the final frontier for IBM these days – it got out of storage, printers and even PCs years ago.

But just because it doesn’t do what it used to do it’s difficult to discount its influence and power.

Today it said it will plunge three billion dollars over four years to create an internet of things unit – and guess what – it will be a cloud based unit.

IBM said that it has already pioneered “smarter planets” and “smarter cities”, focusing on water management and making shops easier to walk around.

IBM’s unit will use its experience to help its customers integrate data from what it described as an “unprecedented” number of IoT andother sources.

It will build an open platform.

Bob Picciano, a senior IBM suit, said: “Our knowledge of the world grows with every connected sensr and device, but too often we are not acting on it.”

He estimates that 90 percent of data generated by tablets, smartphones, cars and appliances is never analysed. This may be a good thing in our view, but Picciano thinks not.

“As much as 60 percent of this data begins to lose value within milliseconds of being generated,” he said.

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