Dell to invest $3 billion in IoT over the next three years
Dell Technologies reveals its strategy for IoT which includes an investment of $3 billion in startups and a number of initiatives
Dell has unveiled its IoT vision and strategy with plans to invest $3 billion over the next three years.
Within the plan, the company says it will create a new IoT division as well as new IoT specific products, labs, partner programmes and consumption models.
Michael Dell, chairman and chief executive officer of Dell Technologies, said: "IoT is fundamentally changing how we live, how organizations operate and how the world works. Dell Technologies is leading the way for our customers with 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 implications for our global society will be nothing short of profound."
The company says customers have expressed the need for complete IoT solutions that can be deployed within their organizations, a demand that through its technology, services and partner ecosystem, will meet this need.
The new IoT division in question is headed by VMware CTO Ray O'Farrell, and is tasked with developing IoT products and solutions across the Dell Technologies Group.
Commenting on his appointment, O'Farrell said: "Dell Technologies has long seen the opportunity within the rapidly growing world of IoT, given its rich history in the edge computing market. Our new IoT division will leverage the strength across all of Dell Technologies family of businesses to ensure we deliver the right solution – in combination with our vast partner ecosystem – to meet customer needs and help them deploy integrated IoT systems with greater ease."
Forming part of this announcement is the launch of a number of new product development initiatives. Project Nautilus enables the ingestion and querying of data streams from IoT gateways in real time. Project Fire is a hyper converged platform, part of the VMware Pulse family of IoT solutions, which offers simplified management, local compute, storage and IoT applications such as real-time analytics. Project IRIS is a security analytics offering that’s under development by RSA Labs.
Of the new IoT services initiatives these include the IoT Vision Workshop, which identifies and prioritizes high-value business use cases for IoT data, and the IoT Technology Advisory which develops the overall IoT architecture and roadmap for implementation.
Through Dell Technologies Capital, the investment arm of the Dell Technologies Group, the company has selected and is investing in five promising startups in the area of IoT, artificial intelligence and machine learning. They are Edico Genome – the creator of the ‘worlds first’ processor designed to analyze next-generation sequencing data; FogHorn Systems - a developer of edge-device intelligence software for IoT solutions; Graphcore - a developer of next-generation processors designed to accelerate AI-solutions; Moogsoft - a market leader in applying Artificial Intelligence to IT Ops; and Zingbox - a developer of IoT security solutions to enable the Internet of Trusted Things.