IBM bets on big data and IoT with Weather Company acquisition

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The deal shows that Big Blue is serious about beefing up its abilities to collect and synthesize data -- and turn it into useful real-time information for companies.

After weeks of rumors of an impending deal, IBM has agreed to buy Weather.com and other digital assets from The Weather Company for its Watson IoT unit and its IoT Cloud platform.

Specifics of the deal, announced in late October, were kept under wraps; it's expected be completed in the first quarter of next year.

The move indicates that IBM is serious about pushing into the cloud and connecting the data stored there with data being collected via the Internet of Things. IBM's goal is to use the combined technologies -- and its Watson cognitive computing system -- to provide useful data to companies in real time.

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