Unveiling its Internet of Things (IoT) vision and strategy, Dell Technologies on Thursday said it will invest $1 billion in new IoT products, solutions, labs, partner programmes and ecosystem over the next three years.
“IoT is fundamentally changing how we live, how organisations operate and how the world works,” Michael Dell, Chairman and Chief Executive Officer of Dell Technologies, said in a statement.
“Dell Technologies is leading the way for our customers to a new distributed computing architecture that brings IoT and artificial intelligence together in one, interdependent ecosystem from the edge to the core to the Cloud,” the Dell CEO added.
As part of its new IoT strategy, the Round Rock, the Texas-headquartered company also announced a new IoT division as well as new IoT specific products.
“As per NASSCOM, the global market for IoT in 2020 will be worth $373 billion in revenue, with India accounting for $10-12 billion of this revenue,” said Rajesh Janey, President & MD, India Enterprise, Dell EMC.