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Microsoft invests 5 billion in the Internet of Things

Microsoft just announced that they will invest 5 billion in the Internet of Things over the next four years. The company claims that it wants to give every customer the ability to transform their businesses with connected solutions.
Microsoft has been a pioneer in IoT and invested in this field before the term was even coined. Now they are planning to dedicate even more resources to research and innovation in IoT and what is ultimately evolving to be the new intelligent edge. With their IoT platform spanning cloud, OS and devices, they are in a very good position to simplify the IoT journey so any customer will be able to create trusted, connected solutions that improve business and customer experiences, as well as the daily lives of people all over the world.
In the announcement on the IoT-Blog Julia White, CVP Microsoft Azure writes:

We’re now seeing the kind of increased adoption and exponential growth that analysts have been forecasting for years, and we’re just getting started.

White continues: “A.T. Kearney predicts IoT will lead to a $1.9 trillion productivity increase and $177 billion in reduced costs by 2020. This effect will be pervasive, from connected homes and cars to manufacturers to smart cities and utilities—and everything in between.
This increased investment will support continued innovation in our technology platform, as well as supporting programs. We will continue research and development in key areas, including securing IoT, creating development tools and intelligent services for IoT and the edge, and investments to grow our partner ecosystem. Customers and partners can expect new products and services, offerings, resources and programs.“
Among the clients who are already using Microsofts IoT-Services are Companies like Steelcase, Kohler, Chevron, United Technologies and Johnson Controls.

Author: Tim Cole
Image Credit: Microsoft

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