While everyone was talking about Facebook's privacy changes last week, Microsoft quietly announced it's going after a major change in IoT with a huge investment.
The company says it will devote $5 billion in the next four years to the Internet of Things, because IoT dreams are finally coming true:
"We’re now seeing the kind of increased adoption and exponential growth that analysts have been forecasting for years, and we’re just getting started. A.T. Kearney predicts IoT will lead to a $1.9 trillion productivity increase and $177 billion in reduced costs by 2020. This effect will be pervasive, from connected homes and cars to manufacturers to smart cities and utilities—and everything in between."
Microsoft says its working on things like IoT R&D, including "securing IoT, creating development tools and intelligent services for IoT and the edge...."
The company says with each new implementation of IoT devices it witnesses a unique transformation.
A transformation that just got a $5 billion shot in the arm from a single company.
