Ibm To Invest $3 Billion In 'internet Of Things' Unit

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 plans to launch an online service that helps insurance companies extract insight from connected vehicles, to create new pricing and services customized to individual drivers.

Topics:  internet of things   york ap     ibm   ibm   invest   billion   companies   vehicles   connected   
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