Nokia is building out its Internet of things portfolio and ability to target the transportation and energy industries via the acquisition of SpaceTime Insight.
Terms of the deal weren’t disclosed. Nokia unloaded Withings, a wearable device maker last week. With SpaceTime, Nokia is also grabbing a foothold in machine learning and analytics.
SpaceTime’s flagship platform, Warp 6, provides machine learning models and analytics for asset heavy industries. Via a sensor network, companies such as NextEra Energy and FedEx can optimize their operations.
