The venerable 105-year-old IBM may be a global company, but while it has operated important labs and offices overseas, its business units have always been headquartered in the U.S. Until December of last year, that is, when it opened the new global headquarters for the IBM Watson Internet of Things (IoT) unit in Munich, Germany. Now, faced with dramatically increasing global demand for Watson IoT solutions and services, Big Blue is doubling down on that investment. On Tuesday, IBM announced a 200 million investment in the Watson IoT headquarters, marking one of the company's largest investments in Europe in its history. The investment is part of the 3 billion IBM has earmarked to bring Watson cognitive computing to IoT. IBM says the move is a response to escalating demand from customers who are looking to transform their operations using a combination of IoT and artificial intelligence technologies.

IBM is betting big on internet of things and setting aside 200 million for its Watson IoT division's headquarters in Munich. The company says this investment, one of the biggest it's ever made in Europe, is a response to the growing demand for AI technologies and the capability to connect everything to the internet. Part of the money will go to setting up hands-on labs where its clients can work with a thousand researchers, engineers, developers and business experts in the city. In fact, the tech corp has already secured new partnerships with German automotive parts supplier Schaeffler, Netherlands-based dronemaker Aerialtronics and three facilities at the Thomas Jefferson University Hospitals in Philadelphia. Schaeffler will use the Watson-powered IoT platform to give the various products it manufactures for the wind turbine, train, auto and other industries a way to monitor their own conditions.