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IBM invests US$200 million in Watson IoT AI business

Thor Olavsrud | Oct. 5, 2016
Citing escalating demand from customers looking to transform their operations with Internet of Things and artificial intelligence technologies, IBM makes a US$200 million investment in the IBM Watson IoT global headquarters in Munich.

New IBM Watson IoT offerings

IBM also announced a number of new IBM Watson IoT offerings on Tuesday, including:

  • Watson IoT and Blockchain. This new capability connects IoT data to Blockchain through the IBM Watson IoT Platform. Businesses can share IoT data in a secure, private blockchain to reduce the costs and complexities of doing business across a network of people and goods. This capability is fully integrated into IBM Blockchain. Kouvola Innovation (Kinno), an economic development company based in Finland, used the IBM Watson IoT Platform to connect devices to a blockchain. Using the technology, Kinno is developing a solution that tracks, monitors, and reports on container status and location, and optimizes packing and transfer of shipments through shipping lanes.
  • Security Solutions and Services. A new set of IoT Security Solutions and Services help companies proactively identify potential risks and protect their devices from compromise. Enhanced security features in the Watson IoT Platform will provide visibility to potential exposures across the network, alerts for immediate notification, and automatic operational responses tailored to individual customer environments. The service offerings will also include advanced security assessment, threat intelligence to identify anomalies and data anonymization to ensure data privacy while maximizing data utility.
  • Natural Language Interface. This new offering enables customers to tap the Watson IoT platform to develop new voice interfaces for customers — in homes, cars, stores, hotels and offices. For example, Local Motors uses a Watson powered Natural language Interface for Olli — one of the world's first self-driving vehicles capable of a natural language interaction with its passengers.
  • Cognitive IoT Cookbook. This new resource includes new recipes for developers that contain code and best practice approaches for solving cognitive IoT challenges using Watson's Natural Language Application Program Interfaces (APIs).


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