Mon. Aug 2nd, 2021

Dell Technologies Inc. is doubling down on the Internet of Things.

The company is creating a division that will focus on developing products, research and partnerships for a field that connects everything from driverless cars to light bulbs to the internet. Dell said it’s investing $1 billion over the next three years for the effort, which will employing artificial intelligence and machine learning technology

Chief Executive Officer Michael Dell is looking for fresh ways to attract customers who are spending more on cloud-based computing services at providers such as Inc. and Microsoft Corp. With the Internet of Things, companies may opt to buy Dell’s gear that can be placed near a connected device to manage all of the information it’s creating — instead of waiting for the bits to be sent to a far-away cloud data center via a network.

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