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Share Name | Share Symbol | Market | Type |
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International Business Machines Corp | NYSE:IBM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-1.83 | -1.08% | 167.08 | 167.87 | 165.73 | 167.50 | 8,983,798 | 01:00:00 |
MUNICH, April 26, 2017 /PRNewswire/ -- IBM (NYSE: IBM) today announced that the German Federal President Frank-Walter Steinmeier and Bavarian State Minister for Education and Culture, Science and Art Dr. Ludwig Spaenle are visiting its global Watson Internet of Things (IoT) headquarters in Munich, home of the industry's first cognitive "collaboratories." Today's visit will demonstrate how leading automobile manufacturers, financial, research institutions and other co-location partners are successfully collaborating with IBM experts to turn Germany into the global center of IoT and Industry 4.0 and foster its role as a leading industrialized country.
Earlier this year, IBM announced the official opening of its global Watson IoT headquarters, which is part of the company's most significant investment made in Europe in the last two decades. At the heart of the facility are new cognitive collaboratories that bring together clients, IBM Business Partners and IBM's 1,000 Munich-based IoT experts, all focused on a singular goal of pushing the boundaries of what is possible across all industries.
As part of his visit, Federal President Steinmeier will tour the center and see demonstrations of some of the innovative cognitive IoT projects that are underway today including:
"We are honored to host Federal President Steinmeier at our global Watson IoT headquarters where great technology minds are coming together in the spirit of innovation," said Harriet Green, General Manager, IBM Watson IoT, Customer Engagement and Education. "Collaboration across borders and industries is key when it comes to turning inspirational ideas into truly transformative solutions that will make Munich the global center for both IoT and Industry 4.0."
Global interest in IBM's collaboratories continues to grow as businesses and other institutions recognize the potential of these centers to spawn new innovative ideas.
Today IBM also announced the latest co-location partner fortiss, a research institute associated with the Technical University of Munich, the largest and most notable German technology institute with alumni that includes 13 Nobel laureates. Dedicated to spurring new transformative innovation in the region, fortiss's team of PhD and postgraduates will work with IBM in the areas of cognitive robotics and smart manufacturing systems. The collaboration will initially focus on two areas:
"The fortiss team is dedicated to researching new ways that IoT can transform technologies and ultimately bring new levels of efficiency and productivity to industries such as manufacturing," said Prof. Helmut Krcmar of fortiss. "As the IoT leader in the region, we are excited to work side-by-side with IBM's top minds and together give life to new innovations that can have a transformative impact on both businesses and consumers around the world."
Today IBM's Watson IoT headquarters is home to co-location and ecosystem partners from various industries including Avnet, BMW, BNP Paribas, Bragi, HARMAN, Tech Mahindra, EEBus alliance, UnternehmerTUM innovation center and others.
About IBM Watson IoT
IBM is an established leader in the Internet of Things with more than 6,000 client engagements in 170 countries, a growing ecosystem of over 1,400 partners and more 750 IoT patents which together help to draw actionable insight from billions of connected devices, sensors and systems around the world. For more information on IBM Watson IoT, please visit www.ibm.com/iot.
Doug Fraim
IBM Media Relations
dfraim@us.ibm.com
617-501-6376
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/german-federal-president-makes-first-visit-to-ibms-global-watson-internet-of-things-headquarters-in-munich-300446089.html
SOURCE IBM
Copyright 2017 PR Newswire
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