New Delhi, Oct 27 (UNI) Over the next three years, Dell Technologies will invest one billion dollars in new Internet of Things (IoT) products, solutions, labs, partner programme and ecosystem. The company announced this here on Friday following unveiling of its IoT vision and strategy, a new IoT division as well as new IoT specific products, labs, partner program and consumption models. “Today’s announcement underscores Dell Technologies commitment to helping customers realize their digital future by safely navigating the complex and often fragmented IoT landscape, “ a company statement said. The company’s new IoT Division will be led by VMware CTO Ray O’Farrell, and is chartered with orchestrating the development of IoT products and services across the Dell Technologies family.As more and more customers look to digitally transform their business, a new model of computing is emerging. For the last 15 years the IT industry has seen the rise of Cloud Computing, a highly centralized model for delivering IT services.But in an age where every type of device, from phones to cars to light bulbs to thermostats to heart monitors are alive and intelligent, there is a requirement for distributed, real time, processing of information. These devices simply cannot wait for a response from centralized cloud infrastructure that may be ‘seconds’ away, the company said in a statement. “IoT is fundamentally changing how we live, how organizations operate and how the world works,”Dell Technologies chairman and chief executive officer Michael Dell said. Dell EMC, India, President & MD Rajesh Janey said, “India is currently undergoing a massive transformation to become a digitally enabled nation; and technology is at heart of this digital transformation. Smart cities, IoT, building a modern architecture, connecting devices – all these are building blocks of achieving the goal of realizing a digitally transformed India.As per NASSCOM, The global market for IoT in 2020 will be worth 373 billion dollars in revenue, with India accounting for 10-12 billion dollars of this revenue. UNI JPG SW 1548