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American technology company Microsoft announced on Wednesday that it is planning to invest $5 billion in IoT over the next four years.
In a post by Microsoft Azure’s Corporate Vice President Julia White, she said that their reason for such investment is to provide customers with connected solutions as an opportunity to transform their businesses or the world at large. White claims that while people may already have the knowledge that IoT solutions provide operational efficiencies, its true impact goes beyond people’s daily lives.
The CVP said that they have actually invested in connected things even before the term IoT was coined. Microsoft has also embedded its tech into a various Internet of Things devices in the past years. Most recently, Microsoft and Johnson Controls have debuted their new smart thermostat that includes digital assistant Cortana.
She continued that Microsoft will also dedicate more resources to the innovation and research of IoT because it is growing as an intelligent edge.
“We are uniquely positioned to simplify the IoT journey,” White adds, referring to their IoT platform that extends to OS, cloud, and devices. She also said that through this, any customer can create connected and trusted solutions, regardless of technical expertise, size, industry, budget, and other factors.