With $1bn and a three-year plan, Dell Technologies is launching a new IoT division to target the ‘Distributed Core,’ – a new model of computing that it believes will see central processing functions move closer to the network edge (a variation on what rival Cisco calls ‘fog computing’, or ETSI ‘multi-access edge computing’). Notably, Dell makes no mention of telcos or MNOs in the announcement, despite the large role those organizations are going to play in both gathering and transporting data from those IoT devices. Dell currently plays in the data center, and doesn’t control the pipe between those servers and the network edge – but with the IoT strategy, its Edge family of gateways could begin expanding into a…