IBM plans to invest US$3b in new Internet of Things unit

London

INTERNATIONAL Business Machines Corp said on Tuesday it will invest US$3 billion over the next four years in a new "Internet of Things" unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data.

The Armonk, New York-based technology company said its services will be based remotely in the cloud, and offer companies ways to make use of the new and multiplying sources of data such as building sensors, smartphones and home appliances to enhance their own products.