IoT Spending Forecasts Reach Sky: Cisco, Facebook and Microsoft

APACInvest Correctly — Asia/Pacific is going to be the biggest driver of Internet of Things (IoT) in the next five-year period at least until 2019. While North America will follow suit, Europe would be third biggest regions when it comes to spending on IoT. IDC said recently that it expects IoT spending to reach nearly $1.3 billion by the turn of 2019. That is a good news for companies focused on IoT like Cisco, IBM, Alphabet, Facebook, Microsoft and other firms. Some of them are focused on IoT to offset the losses witnessed in other sectors.

Google parent Alphabet may open units in China: WSJ

ChinaWASHINGTON: Google parent Alphabet may do business in China following the reorganization of the technology giant, co-founder Sergey Brin said in an interview Thursday. Brin, who is president of Alphabet, told the Wall Street Journal that the new organizational structure would allow each unit autonomy on the matter.