Dell unveils new Dollars 1 bln IoT division

Dell outlines IoT strategy, plans to spend $1 billion on R&D over three years

Dell Bets $1b On IoT, Opens New Division

The company's new IoT Division will be led by Ray O'Farrell, CTO, VMware, and now General Manager of the Dell IoT Division, and he is chartered with orchestrating the development of IoT products and services across the Dell Technologies family. Across its organisation, Dell already sells a wide selection of IoT, AI and cloud-focused products but the new business will bring everything together under one roof.

Dell Technologies, which includes units such as Dell EMC, Pivotal, VMware and RSA, touches on many aspects of IoT. The increase in digital transformation spending anticipated over the next few years is presenting Dell with more opportunities to make money from the cloud. Dell is arguing that the need to boost intelligence and cut latency is creating a need for more innovative approaches. However, the pendulum between centralized and decentralized computing will swing equally in IoT deployments.

"IoT is fundamentally changing how we live, how organizations operate and how the world works", said Michael Dell, Chairman and Chief Executive Officer of Dell Technologies.

Gartner's recent research estimates IoT will save businesses and consumers over $1 trillion a year in maintenance, services and consumables by 2022.

"We need a new highly distributed computing model", Dell said.

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'Project Fire": "a hyper converged platform part of the VMware Pulse family of IoT solutions that includes simplified management, local compute, storage and IoT applications such as real-time analytics. With customers demanding edge-based architectures, with data processed closer to the source, Dell's following suit and moving towards a modernised architecture.

Project Worldwide Herd for analyzing geographically dispersed data.

To this end, Dell Technologies is growing its IoT footprint to help organisations raise their capabilities to gather data, interpret it, and apply the insights into future interactions and processes that will enable democratisation of data, seamless partnerships between the public and private sector and create a cohesive society.

Dell Technologies continues its commitment to openness and standardization in IoT by participation in efforts such as EdgeX Foundry, the Industrial Internet Consortium (IIC) and the OpenFog Consortium.

Through Dell Technologies Capital, the investment arm of the Dell Technologies Group, the company has selected and is investing in five promising startups in the area of IoT, artificial intelligence and machine learning.

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