October 29, 2018
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IBM has announced that it is acquiring the digital and data assets of The Weather Company in a deal reportedly worth more than $2 billion. The acquisition will hing on IBM's ability to create value by applying Watson to The Weather Company's data to create predictive weather analytics solutions.
The AllSeen Alliance has launched as the 11th Linux Foundation Collaborative Project. The AllSeen Alliance represents an open source consortium dedicated to democratizing and expanding the Internet of Everything. At the heart of the technology lies a a series of APIs that allows hardware devices to communicate with each other regardless of operating system, manufacturer, or other technology mote.
As Financial Institutions consider making a foray into the IoT space, they must consider the role that APIs play. APIs can help set the stage for IoT initiatives and banks should take the time to understand the types of APIs available to them and how those APIs are central to any digital strategy.