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IBM aims to drive collaborative innovation with dozens of clients and partners with the opening of its new $200 million global headquarters for its Watson Internet of Things business in Munich, Germany.
IBM will work with companies such as Avnet, BNP Paribas, Capgemini and Tech Mahindra and collocate development teams at the IBM center, which will also act as an innovation space for the European IoT standards organization EEBus.
Visa is also involved in the partnership and will provide IBM its tokenization technology that would help bring payment capabilities to Watson-powered IoT devices.
"We have reached a tipping point with IoT innovation: we now have over 6,000 clients and partners around the world many of who are now wanting to join us in our new global Watson IoT center to co-innovate,” said Harriet Green, general manager of IBM Watson IoT, cognitive engagement and education, in a release. "Together we are building a new global IoT innovation ecosystem that will explore how cognitive and IoT technologies will transform industries and our daily lives."