American multinational technology company IBM has revealed that more than 1,000 Indian firms are currently making use of its popular Watson Internet of Things platform, according to a report in the Economic Times. IBM considers some of India's most popular companies like Tata Steel, Reliance Group, Tech Mahindra, Maruti-Suzuki, Mahindra & Mahindra, KPIT, Arrow Electronics, Kone, Acculi Labs, Avanijal Agri Automation and Schneider Electric India among its customers and partners.

IBM's new Watson Internet of Things (IoT) is a cognitive system that learns from, and infuses intelligence into the physical world. It is a data analytics and cognitive artificial-intelligence (AI) platform that draws insights from enormous amount of data collected through sensors placed on machines and devices.

In addition to the Indian companies and startups, IBM is also working with several Indian states and government bodies on asset optimisation, water management and precision agriculture projects.

Commenting on the impressive numbers that IBM has garnered in India, Harriet Green, general manager, Watson Internet of Things, customer engagement and education at IBM said, "India has exceeded our expectations in numbers. The speed to market in Indian environment is fantastic. We are working with big brands, medium-sized companies and a phenomenal number of startups, particularly in agriculture and healthcare."

The American giant combines its cognitive AI platform called Watson to analyse data collected through various IoT sensors placed by customers. The insights gathered are then used to predict, improve and track the performance of machines and devices, and enhance the experience being offered to customers.

When it comes to IoT, IBM has gone all out and made a whopping $3-billion investment to bring in AI capabilities to Internet of Things. A crucial part of IBM's strategy in realising this mission is capturing the Indian IoT market, which is still in its nascent stage. Over the past one year, IBM has achieved tremendous success in the Indian subcontinent as it has doubled its growth in India for Watson IoT.

According to Green, "We are seeing a double-digit growth around the world. And you can bet your bottom dollar that India is leading in terms of innovation and client engagement. In India, I don't know the exact number but it is around 15 per cent in terms of growth of innovations, ideas and important partnerships."

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