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IBM to invest $3B in Internet of Things unit

  • IBM (NYSE:IBM) is investing $3B over the next four years in a new 'Internet of Things' division, aiming to sell its expertise in gathering and making sense of the surge in real-time data.
  • For its first major partnership, IBM said a unit of the Weather Company will move its weather data services onto its cloud, so that customers can use the data with IBM's analytics tools.
  • Focusing on the cloud has been part of Big Blue's gradual shift away from its traditional hardware and consulting business.

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