One of the oldest tech behemoth, International Business Machines Corp. (NYSE:IBM) survives because of its focus on adaptability. The company has stood the test of time in the ever changing technology landscape. International Business Machines Corp. (NYSE:IBM) is currently focusing its research on how to make the world a better place by bringing in different devices and tools into the fold of Internet. Paul Brody, practice leader for mobile and the Internet of Things at International Business Machines Corp. (NYSE:IBM), discussed today on CNBC, the work that the company is doing on the Internet of Things and what impact it will have on the home of the future.
“The home of tomorrow is got to be a lot smarter than the home of today. We are starting to get smart devices, smart appliances, but just because we are connecting them up doesn’t mean that they are actually better. So, it’s nice to get a message that my laundry is done on my TV set, but does that make my laundry really cleaner? […],” Brody said.
Brody feels that instead of just connecting devices, the main focus of the companies towards the Internet of Things would be in making the products much better than they exist today. Brody mentioned that from the success of some of the devices in this genre, it can be gauged that people don’t buy devices just because they are connected to the internet, but because the device in itself is a great product.
Brody believes that two important issues concerning the Internet of Things are price and security currently. On the security and privacy front, Brody feels that the systems that are present right now are designed for convenience and added that International Business Machines Corp. (NYSE:IBM) is working on an open source platform for the Internet of Things that will be very secure and scale-able and it will be presenting a paper on it next week.
As of June 30, 2014, Warren Buffet‘s Berkshire Hathaway owns over 70 million shares in International Business Machines Corp. (NYSE:IBM).