Video: C3 IoT's Tom Siebel: CEO, boards driving IoT, digital transformation deals
C3 IoT won a multi-year deal artificial intelligence and Internet of Things deal with 3M.
The customer win is a big one for C3 IoT, which has been gaining momentum as an IoT platform and has some of the largest production implementations.
3M will use C3 IoT to develop and deploy AI applications starting with predictive healthcare and supply chain analytics. 3M also can expand usage of C3 IoT to other businesses and customize SaaS applications for inventory optimization, fraud detection, CRM, and predictive maintenance.
Read also: C3 IoT raises $100 million, eyes global expansion | C3 IoT lands Department of Defense deal for aircraft predictive maintenance | C3 IoT updates platform, adds AI, machine learning tools, more AWS integration | C3 IoT, AWS tighten Internet of things, cloud integration | C3 IoT CEO Tom Siebel: CEO, boards driving IoT, digital transformation deals
For 3M, C3 IoT is one vendor in the mix of a multi-year business transformation effort. 3M plans on scaling C3 IoT and Microsoft Azure across the enterprise and combining previously silo-ed efforts such as data science and material science.
Previously, 3M moved to a single instance of ERP via SAP. Here's a look at 3M's efforts for the last five years and what's ahead:
3M has industrial, safety and graphics, healthcare, electronics and energy and consumer units. For 2017, 3M delivered sales of $31.7 billion, up 5.1 percent from 2016, and net income of $4.86 billion.
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