KONE Corporation, press release, February 19,
KONE, a global leader in the elevator and escalator industry,
has signed an agreement with IBM, which will transform KONE's
operations and technology capabilities around the world, using
IBM's technology and experience to harness the potential of
digitalization and the Internet of Things (IoT).
KONE will use IBM's Watson IoT Cloud Platform to collect and
store equipment data, build applications and develop new solutions.
The platform will gather data from sensors and systems connected to
elevators, escalators, doors and turnstiles in KONE's maintenance
base. With IBM's advanced analytics engine, that information will
be used to enable new services and new experiences for KONE's
With the IoT platform, KONE ecosystem partners and third
parties can create new services and integrate existing services via
Application Programming Interfaces. These new services will range
from solutions which improve People Flow in buildings and new smart
building applications; to others that advance the speed,
reliability and safety for elevator maintenance, remote monitoring
Over the next few years, KONE will connect its global
maintenance base of more than one million elevators, escalators and
building doors to cloud-based services. By gathering the vast
amounts of data from equipment operations and using sophisticated
analysis and connectivity, downtime can be minimized and repairs
carried out more quickly.
KONE will also work with IBM and its partners from various
industries, through IBM's global facilities, real estate and IoT
developer ecosystems. This will bring global scope and scale to a
development environment for new kinds of services for some of the
world's busiest cities and buildings. Examples include applications
that provide information for people during busy times of the day,
such as traffic reports and public transport schedules.
"Our agreement with IBM is exciting and it is an important stepping
stone to deliver the best People Flow experience," says Henrik
Ehrnrooth, President & CEO of KONE Corporation. "We operate in
a connected world and by working with IBM, new solutions like
improved remote diagnostics and predictability means we will
deliver better services for our customers and great experiences for
the people who use our equipment."
"Efficient, people-centric cities and buildings are better for
business, societies and economies. Central to this is how people
move around within them, and intelligent systems are poised to make
their experience more convenient, intuitive and enjoyable," said
Harriet Green, General Manager, IBM Watson Internet of Things.
"With IBM's cognitive IoT technologies, KONE is embedding
intelligence across its operations and driving a wave of innovation
in smarter buildings."
For further information, please
Liisa Kivelä, Director, Communications, KONE Corporation, tel.
+358 204 75 4330, email@example.com
IBM is an established leader in the Internet of Things with
more than 4,000 client engagements in 170 countries, a growing
ecosystem of over 1,400 partners and more 750 IoT patents which
together help to draw actionable insight from billions of connected
devices, sensors and systems around the world. Building on the
company's $3 billion USD commitment to bring Watson cognitive
computing to IoT, IBM in December 2015 announced that Munich,
Germany will serve as the global headquarters for IBM's new Watson
IoT unit, bringing together 1,000 IBM developers, consultants,
researchers and designers to drive deeper engagement with clients
and partners. For more information on IBM Watson IoT, please visit
KONE is one of the global leaders in the elevator and
escalator industry. KONE's objective is to offer the best People
Flow® experience by developing and delivering solutions that enable
people to move smoothly, safely, comfortably and without waiting in
buildings in an increasingly urbanizing environment. KONE provides
industry-leading elevators, escalators, automatic building doors
and integrated solutions to enhance the People Flow in and between
buildings. KONE's services cover the entire lifetime of a
building, from the design phase to maintenance, repairs and
modernization solutions. In 2015, KONE had annual net sales of EUR
8.6 billion, and at the end of the year close to 50,000 employees.
KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in
KONE is the only elevator and escalator company to have been
ranked as one the world's most innovative companies, by Forbes
Magazine. In 2015, KONE was ranked 48th of 100 making the list for
the fifth consequtive year and was named as the 5th most innovative
company in Europe.