IBM to invest $200M in new global headquarters for Watson IoT business in Munich
IBM unveiled a $200M investment in the new global headquarters for its Watson Internet of Things business in Munich, new IoT capabilities around Blockchain and security and an array of clients that are driving real outcomes by using Watson IoT technologies to draw insights from billions of sensors embedded in machines, cars, drones, ball bearings, pieces of equipment and even hospitals. As part of a global investment of $3B designed to bring Watson cognitive computing to IoT, IBM has allocated more than $200M to its global Watson IoT headquarters in Munich. The investment, one of the company's largest ever in Europe, is in response to escalating demand from customers who are looking to transform their operations using a combination of IoT and Artificial Intelligence technologies. Currently IBM has 6,000 clients globally who are tapping Watson IoT solutions and services, up from 4,000 just 8 months ago.