Microsoft Will Invest $5 Billion USD in Internet of Things
by Josh Anderson
REDMOND, WA — In a blogpost by Julia White, CVP for Microsoft Azure last week, Microsoft announced that they plan to invest $5 Billion USD in Internet of Things over the next four years “Our goal is to give every customer the ability to transform their businesses, and the world at large, with connected solutions,” wrote White. She also listed market trends that influenced the decision — such as a prediction by Kearney that IoT will lead to a productivity increase of $1.9 Trillion USD as well as $177 Billion USD in reduced costs by over the next two years.
In the release, White listed many firms’ exciting IoT ventures:
- Johnson Controls has transformed their thermostat into a smart device that can monitor a range of conditions to optimize building temperatures automatically.
- Schneider Electric has harnessed solar energy in Nigeria using Microsoft’s IoT platform for remote maintenance.
- Kohler’s new line of luxurious, intelligent kitchen and bath fixtures have proven to be economical.
- The Alaska Department of Transportation is building smart roadways with Colorado-based Fathym to monitor weather conditions and alert drivers and state officials to relevant warnings.
“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,” White added. “With our IoT platform spanning cloud, OS and devices, we are uniquely positioned to simplify the IoT journey so any customer—regardless of size, technical expertise, budget, industry or other factors—can create trusted, connected solutions that improve business and customer experiences, as well as the daily lives of people all over the world. The investment we’re announcing today will ensure we continue to meet all our customers’ needs both now and in the future.”
TelecomTV is reporting that a yearly investment of $1 Billion per year through 2022 is a bit on the paltry side, and is about what industry observers might expect Microsoft to spend in any case.
More than usual, it’s been a busy past few weeks for Microsoft’s public relations team, having made legal, business, and now technology news. Check out previous CapRE Insider Reports covering the latest from the tech giant: