IBM inks major Watson IoT deals with Finnish firms

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Many of us remember when IBM's Watson defeated former winners of the game show Jeopardy back in 2011, and many of us have seen the commercials of Watson meeting with various famous and not-so-famous people.

Well, Watson is now tackling the Internet of Things market in a big way. IBM announced on Friday two major contracts for Watson to help IoT companies in Finland.

First of all, KONE, a Finland-based provider of elevators and escalators, has signed a multiyear deal to use cloud-based Watson IoT technologies and services to remotely monitor and optimize its management of over one million elevators and escalators in buildings and cities worldwide.

Watson will analyze data from sensors embedded in the equipment helping to identify and predict issues and minimize downtime. Instead of having to call in a service engineer, KONE will be able to predict and resolve selected technical issues remotely by running tests and making commands over the cloud.

Second, Finnish energy company Fingrid has inked an agreement with IBM to employ Watson IoT technologies to help manage its 14,000-kilometer electric grid network. Fingrid will use IBM's big data analytics to gain insight from data generated by networks of sensors as part of its Electricity Verkko Information System solution, which provides system operators with a consolidated view of the electric transmission grid.


Credit: DBOX for KONE

ELVIS combines IBM's Watson and Maximo software with other systems, including ArcGIS mapping software from ESRI, Primavera enterprise project portfolio management from Oracle, and, for the mobile-user interface, SAP Work Manager. Other system modules include geospatial asset modelling from Schneider Electric ArcFM, protection calculations from Electrocon CAPE, network calculations and network model management by Siemens, and the management of protection settings and testing from Intelligent Process Solutions.

"Together, cognitive computing and Internet of Things are poised to transform whole industries," said Chris O'Connor, general manager of offerings for IBM Watson IoT. "Nowhere is this more critical than the power industry where outages and system failures can have deep impact across business and society."

For more:
- check out IBM's KONE and Fingrid releases

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