Technology giant IBM has announced plans to invest $200m in the new global headquarters for its Watson Internet of Things (IoT) business in Munich, including blockchain-related IoT capabilities.

The investment is the largest ever made by the company in Europe, and forms part of a global plan to invest $3bn for bringing Watson’s cognitive computing to IoT.

The Watson IoT headquarters will house the first ever cognitive IoT Collaboratories or industry labs where clients and partners will work alongside IBM Munich-based researchers, engineers, developers and business experts to drive automotive, electronics, manufacturing, healthcare and insurance innovation.  

At present, 6,000 IBM clients worldwide are using Watson IoT solutions and services, a rise from 4,000 eight months ago.

Users of Watson IoT include German industrial heavyweight and automotive and industrial supplier Schaeffler, Dutch producer of unmanned aircraft systems Aerialtronics and Thomas Jefferson University Hospital.

IBM Watson IoT business global head Harriet Green said: "IBM is making tremendous strides to ensure that businesses around the world are able to take advantage of this incredible period of technological transformation and develop new products and services that really change people's lives.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"Germany is at the forefront of the Industry 4.0 initiative and by inviting our clients and partners to join us in Munich, we are opening up our talent and technologies to help deliver on the promise of IoT and establishing a global hotbed for collaborative innovation."