Lenovo expands IoT beyond computer business
Lenovo Group Ltd aims to expand in IoT or Internet of Things sector referring to connected devices, especially in enterprise business from manufacture, retail, medical, urban management to education industries, the China’s biggest computer vendor said during the weekend.
In 2022, the global IoT spending will hit US$1.2 trillion and China will contribute a quarter of the spending, which makes it the biggest IoT market globally then, said research IDC or International Data Corp.
With a huge volume of data, computing capacity and algorithm, IoT brings “digital transformation” to people with connected devices, from autonomous driving, security cameras, chatbot speakers to Wi-Fi connected lighters and air conditioners, said Liu Zheng, general manager of Lenovo China’s enterprise business.
Lenovo has its advantages on IoT such as understanding of computing, demand for enterprises and smart device manufacture experiences, which helps enterprises to turn data to real business value. In China’s enterprise market, Lenovo, owning Thinkpad laptop business, has about 60 percent market shares, Liu said during the Tech World 2018 Shanghai.
At present, Lenovo has clients such as NIO on autonomous driving, DeepBlue Technology on smart retailing and Mobike on transportation.
For example, DeepBlue’s manless retailing system can recognize products and clients by AI or artificial intelligence and conduct related computing, fueled by Lenovo’ s system, said DeepBlue.