International Business Machines Corp. (NYSE:IBM) and Amazon.com, Inc. (NASDAQ:AMZN) have recently announced major steps in the Internet of Things domain which depict that how companies are betting big on a potentially trillion-dollar industry. International Business Machines Corp. (NYSE:IBM) announced that it is working on an open platform which will let the industry players to develop applications based on the Cloud. The company has pledged another $3 billion which will be invested over the next 4 years in the Cloud. Amazon.com, Inc. (NASDAQ:AMZN) and International Business Machines Corp. (NYSE:IBM) are scaling massively in their Cloud domains because the Cloud domain is a major stream of revenue. The Enterprise in the US and across the globe is migrating to private and public Cloud. The cross-platform support, data delegation, cost cutting and data availability of the Cloud are pushing more and more players in the related domains to move forward.
In an article on Forbes, Dave Altavilla said that International Business Machines Corp. (NYSE:IBM) and Amazon.com, Inc. (NASDAQ:AMZN) products and announcement are making the Internet of Things more practical and useful in our daily lives. Amazon.com, Inc. (NASDAQ:AMZN) has also made a big move yesterday when it announced a Dash button, which will be placed on household items. Whenever the item is running out, you could press the Dash button to order the product from the Amazon.com, Inc. (NASDAQ:AMZN) store online. If you think the button was pressed my mistake, you could always cancel the order from a mobile app.
Recently International Business Machines Corp. (NYSE:IBM) and Amazon.com, Inc. (NASDAQ:AMZN) Cloud and Internet of Things announcement point to one fact: the next decade belongs to Cloud powered Internet of Things and connected homes.
Warren Buffett’s Berkshire Hathaway hold around 70 million International Business Machines Corp. (NYSE:IBM) shares.
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