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Daily Review: Alibaba Bets on Connected Devices as Pillar for Growth

By 2021, more than 55% of spending on IoT projects will be for software and services, said Carrie MacGillivray, group vice president, Internet of Things and Mobility at IDC. Software creates the foundation upon which IoT applications and use cases can be realized. However, it is the services that help bring all the technology elements together to create a comprehensive solution that will benefit organizations and help them achieve a quicker time to value.

Worldwide spending on the IoT is forecast to hit $772.5 billion in 2018 and no other companies than highly diversified behemoths in Asia & US are positioned better to dominate the sphere. That is precisely why Alibaba, with all the power of its network of customers and solutions, is aiming to build new avenues of growt ...

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