IBM has made its largest investment in Europe in more than two decades by selecting Munich as the global headquarters for a new Watson Internet of Things business unit.

It will bring together 1,000 IBM developers, consultants, researchers and designers in a bid to create new “growth opportunities” around the IoT, the US-based company said.

Almost 90 percent of the data created by the nine billion connected devices currently in circulation is never acted upon, according to the US-based company.

As part of the launch, IBM unveiled a series of new capabilities for its Watson IoT Cloud Platform, based around cognitive analytics.

For example, IBM said it would make a series of APIs – natural language processing, machine learning, and video, text and image analytics – available as part of a new Watson IoT Analytics offering.

IBM said introducing cognitive analytics to the IoT would allow clients, partners and developers to make greater sense of the data at their disposal.

Cognitive systems learn from their interactions with both humans and their environment, according to IBM. They are able to keep pace with the volume, complexity and unpredictability of information generated by the IoT.

For example, it said they could make sense of the 80 percent of the world’s unstructured data.

Further, IBM announced that it is partnering with Siemens Building Technologies to improve building performance, particularly through energy management.

Harriet Green, General Manager, Watson IoT and Education, commented: “With its unique abilities to sense, reason and learn, Watson opens the door for enterprises, governments and individuals to finally harness this real-time data, compare it with historical data sets and deep reservoirs of accumulated knowledge, and then find unexpected correlations that generate new insights to benefit business and society alike.”

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