Unveiling its Internet of Things (IoT) vision and strategy, Dell Technologies on Thursday said it will invest $1 billion in new IoT products, solutions, labs, partner programmes and ecosystem over the next three years.
"IoT is fundamentally changing how we live, how organisations operate and how the world works," Michael Dell, Chairman and Chief Executive Officer of Dell Technologies, said in a statement.
"Dell Technologies is leading the way for our customers with a new distributed computing architecture that brings IoT and artificial intelligence together in one, interdependent ecosystem from the edge to the core to the Cloud," the Dell CEO added.
As part of its new IoT strategy, the Round Rock, Texas-headquartered company also announced a new IoT division as well as new IoT specific products.
"As per NASSCOM, the global market for IoT in 2020 will be worth $373 billion in revenue, with India accounting for $10-12 billion of this revenue," said Rajesh Janey, President & MD, India Enterprise, Dell EMC.
"India is currently undergoing a massive transformation to become a digitally enabled nation; and technology is at heart of this digital transformation. Smart cities, IoT, building a modern architecture, connecting devices - all these are building blocks of achieving the goal of realising a digitally transformed India," Janey added.
The company's new IoT Division will be led by VMware CTO Ray O'Farrell, and is chartered with orchestrating the development of IoT products and services across the Dell Technologies family.
The IoT Solutions Division will combine internally developed technologies with offerings from the vast Dell Technologies ecosystem to deliver complete solutions for the customer.
"Our new IoT Division will leverage the strength across all of Dell Technologies family of businesses to ensure we deliver the right solution - in combination with our vast partner ecosystem - to meet customer needs and help them deploy integrated IoT systems with greater ease," O'Farrell said.
Dell Technologies family of brands include Dell, Dell EMC, Pivotal, RSA, Secureworks, Virtustream and VMware.
"In India, IoT is increasingly gaining importance in any modern organization's digital transformation story. It has unleashed a whole new world of possibilities by connecting the physical and digital worlds, that can transform customer experience, create new business models and improve business agility," said Arun Kumar, MD, VMware India.
"To the Indian customer, looking to take advantages of all that is possible with IoT, we can offer the combined technology expertise of Dell and VMware and apply it at the edges of the business where all things reside and help Indian organizations manage the next stage of their evolution," Kumar added.