Microsoft to invest $5 billion in IoT

Software and operating system provider Microsoft Corp. (Redmond, Washington) has announced that it will invest $5 billion in the Internet of Things over the next four years.

Julia White, Microsoft corporate vice president, said the company already offers what businesses need to get started, ranging from operating systems for devices, cloud services to control and secure them, advanced analytics, and business applications.

White said that the increased investment in IoT would support continued development of the company's technology platform as well as supporting software programs.

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