Business transformation in Europe gets boost from IBM Watson IoT – Financial News

IBM (NYSE: IBM) has announced that several new European clients have selected IBM Watson Internet of Things (IoT) technologies, the company said. New contracts signed with Spanish electricity grid operator Red Elà ctrica de Espaà a, Italian elderly care provider Cooperativa Sole, Dutch telecommunications operator Tele2 and Israeli manufacturer of smart air conditioning Electra Group are examples of IBM s commitment to transforming business and improving operations with the power of Artificial Intelligence (AI)-enabled, IBM Cloud-based Internet of Things (IoT) technologies. Red Elà ctrica de Espaà a (http://www.ree.es/en), the sole transmission agent and operator of the national electricity system in Spain has selected IBM Watson IoT technologies as part of its Intelligent Asset Management initiative project. Israel s manufacturer and distributor of consumer goods, is collaborating with IBM to create smart air conditioning solutions, which incorporate Watson IoT technology.