IBM Launches Global Watson Internet of Things Consulting Solutions

IBM has announced a new service to help better integrate its AI Watson into the Internet of Things (IoT).

United States: IBM, an American multinational technology company, has announced new services which will help to integrate its Watson platform, artificially intelligent computer system with the Internet of Things (IoT). The Watson IoT Consultation solution has more than 1,500 industry experts spread across 9 IBM IoT centres across the world to enable the clients to integrate IoT services and solutions into their businesses.

Watson can also integrate a range of applications and services into its IoT offerings. These include augmented reality, cognitive services, blockchain, analytics and natural language processing.

IBM Watson also covers IoT in manufacturing and asset health Insight. IBM Watson IoT for manufacturing will allow businesses to integrate Watson into factories for better productivity. Asset Health Insights takes into consideration weather, performance & maintenance data, uses analytics and helps in maintaining assets based on the current conditions.

Recently, IBM launched a framework to embed Watson into robots, wearables, walls and other avatars.

TechSci Research depicts with the help of this launch the company has entered into the market of IoT services in order to grab more customers across the world. Further, with growing technological advancements, increasing initiatives to automate processes, coupled with booming consumer electronics industry would enhance the IoT services market across the globe.

According to the recent report published by TechSci Research, “Global Internet of Things (IoT) Services Market By Type (Professional and Managed Services), By Application (Manufacturing, Healthcare, Smart Homes and Buildings, Smart Cities, etc.), By Region, Competition Forecast and Opportunities, 2011 - 2021”, global IoT services market is projected to exhibit a CAGR of over 24% during 2016-2021, owing to rising internet and smartphone penetration, growing Industrial IoT (IIoT) adoption, coupled with increasing number of smart city projects across various countries. Managed services dominated global IoT services market in 2015 and the trend is anticipated to continue during the forecast period as well, owing to increasing number of government initiatives towards digitization and increasing IT spending on security services. Although, high demand for IoT services across the globe is emanating from healthcare, smart homes & buildings, smart cities, etc., manufacturing segment dominated global IoT services market in 2015, on account of rising need to reduce costs and increasing demand for data analytics.