Microsoft plans to invest $5 billion in IoT to support innovation

Costea Lestoc By: Costea Lestoc
2 minute read
microsoft iot investment

Home » News » Microsoft plans to invest $5 billion in IoT to support innovation

One of Microsoft’s primary targets became supporting customers in throughout the process of transforming business via connected solutions.

As a result, the company’s plans for the next four years is to invest in IoT. We’re looking at the impressive amount of $5 billion.

Microsoft supports IoT research and innovation

The company has been in the Internet of Things market since forever, and the announcement that it’s planning to continue researching and innovating it comes as great news.

We’ve been invested in IoT before the term was coined when enterprises had these endpoints in their factories, buildings and other devices that were totally “dark.” Today, we’re planning to dedicate even more resources to research and innovation in IoT and what is ultimately evolving to be the new intelligent edge.

Microsoft’s IoT platform includes OS, devices, and cloud and this means that the company boasts absolutely everything that is necessary to offer holistic IoT solutions to all its customers no matter their technical expertise, size, industry, budget or any other factors.

Microsoft is committed to helping customers

From the official post of the company, we learn that predictions say that IoT will lead to a $1.9 trillion productivity increase and a $177 billion in reduced costs by the year 2020. This will involve connected homes, and cars, manufacturers and smart utilities and cities.

Microsoft’s increased investment will support innovation in the company’s tech platform. Research and development will continue in key areas such as securing IoT, creating intelligent services and development tools.

Microsoft is committed to helping users bring their vision to life. The company’ s announcement is “big—for us and the future of IoT and the intelligent edge. It positions us to support customers as they develop new and increasingly sophisticated IoT solutions, which few could have imagined just a few years ago,” Julia White, CVP Microsoft Azure concluded in her post.

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