IBM Gets Serious About Internet of Things With $3 Billion Investment

Experts believe the next big wave of technology lies within the Internet of Things, which refers to things that connect to the Internet like TVs, refrigerators, garage doors and even cars that collect data about the way we live. IBM is the latest tech giant to focus heavily on a new Internet of Things strategy — and it's putting about $3 billion to back it up. The company announced on Tuesday that it is building out a new business unit focused on the Internet of Things and is already working with partners like the Weather Company to present real-time to people in useful ways. At the core, IBM's new cloud-based platform aims to help businesses learn more about their industries based on the data coming through, whether it's through weather sensors, smartphones, appliances, cars and planes.