Intel Corporation (INTC) Saves $8 Million Annually With Private Cloud and IoT

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A new report has revealed that Intel Corporation (NASDAQ:INTC) is using Internet of Things, Cloud and data analysis massively in its internal state of affairs to increase productivity, business efficiency and reduce costs. Intel Corporation (NASDAQ:INTC) is using sensors, pressure gauges in manufacturing department, according to the report. This has not only depleted the costs, it is also lessening the burden on manpower. Intel Corporation (NASDAQ:INTC) has also tapped into the world of wearables and Internet of Things as far as its outer layer of business is concerned. But it seems the company is trying multifarious things related to Cloud and IoT in its private platforms.

Intel, is INTC a good stock to buy, Tsinghua Unigroup, China

Maintaining the efficiency of data centers is a daunting task. The report says that Intel Corporation (NASDAQ:INTC) is using predictive triggers in electromechanical parts which keep on updating the remote computers about humidity, temperature, air, pressure and other related metrics necessary in keeping a healthy environment for data centers. Intel has its operations in more than 66 countries and the company is planning to launch its internal Cloud and IoT efficiency operations around the globe.

Intel Corporation (NASDAQ:INTC) saves more than $7.5 million annually by using its private Cloud. An article on V3 mentioned that Intel extensively use hybrid Cloud platforms to test OpenStack APIs, Cloud hosting and services. 85% of the apps, hosting, and service for internal operations in Intel Corporation (NASDAQ:INTC) directly go to the private Cloud, which is the key factor in cost reduction.

Intel Corporation (NASDAQ:INTC)’s revenue experienced a growth of $26 million due to smart data analytics.

As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).

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