Microsoft to plough $5bn into IoT over four years

Microsoft is to invest $5bn in IoT over the next four years to 'give every customer the ability to transform their businesses, and the world at large, with connected solutions'.

In a blog post Julia White, CVP Microsoft Azure, said: "We're planning to dedicate more resources to research and innovation in IoT and what is ultimately evolving to be the new intelligent edge.

"With our IoT platform spanning cloud, OS and devices, we are positioned to simplify the IoT journey so any customer, regardless of size, technical expertise, budget, industry or other factors-can create trusted, connected solutions that improve business and customer experiences, as well as the daily lives of people all over the world."