In May of this year, Nokia announced the acquisition of SpaceTime Insight, a California-based Internet of Things startup that provides predictive analytics based on machine learning algorithms. Previously, Nokia’s business in the Internet of Things sector was quite small. By acquiring SpaceTime Insight, Nokia’s determination to further strengthen the Internet of Things business can be seen.
OFweek Optical Communication Network Editor Comments: After the mobile phone business has shrunk dramatically, Nokia has shifted its focus to network equipment. As a senior “player” in the field of communications, Nokia’s involvement in the Internet of Things is clearly well-founded.