IBM Watson IoT Accelerates Business Transformation in Europe

IBM announced that several new European clients have selected IBM Watson Internet of Things (IoT) technologies.

New contracts signed with Spanish electricity grid operator Red Eléctrica de España, Italian elderly care provider Cooperativa Sole, Dutch telecommunications operator Tele2 and Israeli manufacturer of smart air conditioning Electra Group are examples of IBM's commitment to transforming business and improving operations with the power of Artificial Intelligence (AI)-enabled, IBM Cloud-based Internet of Things (IoT) technologies.

"IBM announced a $3 Billion USD investment globally to bring AI and the Internet of Things to market together in 2015," said Bret Greenstein, Global Vice President of IBM Watson Internet of Things Offerings. "By bringing together the IoT with Watson AI, IBM is delivering on that investment and leading a global movement around IoT, not only helping clients make sense of exponential volumes of data from millions of connected devices, but also by helping clients to explore new business models, create service excellence, transform their industries and eliminate inefficiencies.