IBM CORPORATION in Internet of Things (IoT) Data Management Solutions

IBM is a reputed global player in the IoT domain. It has strong business strategies backed by several factors such as strong infrastructure, reach in over 175 countries across the globe, and robust partner channels. In the past few years, beyond its traditional hardware and service offerings, IBM has branched out into different areas. Realizing the huge potential of IoT, the company launched Watson, a fully managed, IBM cloud-hosted platform for managing and understanding IoT devices, sensors, and gateways. Watson also provides device connectivity, analytics, risk management, and data storage services. In February 2017, IBM announced opening of the headquarters for Watson IoT in Munich, Germany. Additionally, the company has nine IoT centers across Asia, Europe, and the Americas. These centers function as hubs for collaborative working to implement new projects in partnership with ecosystem partners. IBM scores well in terms of organic and inorganic growth initiatives adopted for the IoT data management market. The company has adopted a range of strategies such as new product launches, partnerships, business expansions, and acquisitions. For instance, in February 2017, IBM entered into a strategic partnership with Visa, an American multinational financial services corporation. The partnership is expected to bring secure customer payment experiences through IoT. It is expected to combine IBM’s Watson IoT platform and cognitive capabilities with Visa’s global payments services. Similarly, in February 2017, IBM collaborated with Bosch, an engineering and electronics company, for Industrial Internet of Things (IIoT). As per the agreement, Bosch’s IoT Suite services is expected to be made available on IBM’s Bluemix and Watson IoT platforms.