Cisco and IBM announced on June 2 a global collaboration to provide instant Internet of Things (IoT) insight at the edge of the network. This will allow businesses and organizations in remote and autonomous locations to tap the combined power of IBM’s Watson IoT and business analytics technologies and Cisco’s edge analytics capabilities to more deeply understand and act on critical data on the network edge.

For example, workers in remote environments will now be able to better monitor the health and behavior of critical machinery and more accurately plan for needed maintenance and equipment upgrades, according to Cisco.

By tapping into the power of the IBM Watson IoT platform and Cisco edge analytics, these companies can adopt the latest approaches to condition based maintenance through which equipment is monitored in real-time, potentially helping reduce maintenance costs by up to 50 percent and increase productivity by 25 percent.

Today, billions of interconnected devices and sensors are gathering vast amounts of real-time data about the physical world. In recent years cloud computing has offered companies a powerful way of storing that data and turning it into valuable insight. But for businesses without easy access to high bandwidth connectivity, these capabilities are sometimes out of reach or take too long.

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To address the problem, IBM and Cisco have joined forces to offer a new way to produce immediate, actionable insight at the point of data collection. The new approach is designed to target companies operating on the edge of computer networks such as oil rigs, factories, shipping companies and mines, where time is of the essence but bandwidth is often lacking.

“Together, Cisco and IBM are positioned to help organizations make real-time informed decisions based on business-critical data that was often previously undetected and overlooked,” said Mala Anand, senior vice president of the Cisco Data & Analytics Platforms Group.

“With the vast amount of data being created at the edge of the network, using existing Cisco infrastructure to perform streaming analytics is the perfect way to cost-effectively obtain real-time insights. Our powerful technology provides customers with the flexibility to combine this edge processing with the cognitive computing power of the IBM Watson IoT Platform,” she added.