3M taps C3 IoT as Internet of Things, AI platform

With the move, C3 IoT's platform will be used as a key analytics technology in 3M's ongoing business transformation.

C3 IoT's Tom Siebel: CEO, boards driving IoT, digital transformation deals C3 IoT plans to double its workforce from 130 employees today over the next year and is seeing bookings growth of 300 percent, revenue growth of 100 percent and profitability in the not-too-distant future, according to CEO Tom Siebel.

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.

Read also: What is the IoT? Everything you need to know about the Internet of Things right now | What is AI? Everything you need to know about Artificial Intelligence | All executive guides

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:

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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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