Dell Bets $1b On IoT, Opens New Division
Dell Technologies has announced it intends to go big on IoT (Internet of Things), by committing $1 billion in R&D to the area over the next three years and opening a dedicated new division.
It is hoped the new IoT division will better enable the integration of associated products and services across Dell.
The new IoT division will be run by VMware CTO, Ray O’Farrell, whose first mandate is to develop IoT products and services, plus new technologies.
Chief Executive Officer, Michael Dell, said speaks of the future of artificial intelligence and IoT, as it will create one “interdependent ecosystem from the edge to the core to the cloud.”
It is expected IoT end points and gateways will become more powerful, whilst reducing latency and bringing more intelligence to the edge.
Dell Technologies consists of units such as Dell EMC, Pivotal, VMwarem and RSA, which all touch on several aspects of IoT.
Gartner’s recent research estimates IoT will save businesses and consumers over $1 trillion a year in maintenance, services and consumables by 2022.