Opening of Munich IoT office is IBM’s biggest expansion in Europe in 2 decades

Opening of Munich IoT office is IBM’s biggest expansion in Europe in 2 decades

IBM wants to take advantage of automotive, electronics, healthcare, insurance and manufacturing companies present in southern Germany therefore it has announced to make Munich its global headquarters.

Announcing on Tuesday, IBM by making Munich its global headquarters is actually pushing to build out the industrial internet. The company has announced that it will employ 1,000 employees to work on industrial internet projects in Germany. It has also publicized that it will be opening eight satellite centers across the world to help clients come up with smarter network-connected services.

IBM said that opening office in Munich will be its biggest expansion in Europe in two decades. But the announcement has come at a time when significant shifts are being made in its business. It has been said so as IBM is considering to lay off up to 3,000 employees in Germany in the next two years. But IBM has refused to comment on the same.

Munich is base of Europe’s largest manufacturing company called Siemens and carmaker BMW and truck company MAN SE. IBM has affirmed that it has been working with Siemens Building Technologies and auto parts supplier Continental AG and many other major companies.

IBM said that its additional offices will be in Beijing, Tokyo and Seoul and three US cities, Sao Paulo in Brazil, and Boeblingen, a second city in Germany. IBM wants to help companies to determine how to make best use of massive amount of dizzying data generated by Internet of Things (IoT).

Experts have affirmed that with passage of time, everything from cars to health monitors to industrial parts is internet connected. As per Gartner, a market research firm has predicted that there will be 6.4 billion connected devices in 2016, a rise of 30% from 2015. By 2020, the market will jump to 20.8 billion devices.