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A collaboration agreement has been signed by ABB with International Business Machines Corp to ramp up its presence in digital technology and the internet of things.
ABB has said in a joint statement that it would combine its digital offerings that gathers information from machinery, with IBM’s expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products.
ABB Chief Executive Ulrich Spiesshofer said in a statement that “This powerful combination marks truly the next level of industrial technology, moving beyond current connected systems that simply gather data, to industrial operations and machines that use data to sense, analyse, optimise and take actions that drive greater uptime, speed and yield for industrial customers.”
