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 – which rival Cisco likes to term the phenomenon ‘fog 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 rather large greenfield…