Story image

Samsung invest big in future of IoT

27 Jun 16

Samsung CEO and vice chairman Dr. Oh-Hyun Kwon says putting people at the centre of everything is the company's highest value. The proof in his pudding? Samsung's most recent initiative. 

The company have announced they will invest $1.2 billion as part of its vision for human-centred Internet of Things. All of the money will be invested over the span of four years, focusing on research and development and start ups in the US. The initiative fits right into its current strategy of offering connectivity on all of its own devices. 

This is great news for start ups and enterprises; ease of accessibility and connectivity will do wonders for the industry. However, the vice chairman did warn that sector-specific regulations could damage the development of IoT, stopping devices and platforms from connecting to each other.  

“If we want innovators everywhere to make use of IoT, we must make sure all tools are open to them. This means technologies that connect to each other, because we know that boundaries around technologies hold back innovation and scale,” says Kwon. 

The money will have a huge impact, especially given the company's presence across multiple B2C sectors. It presents an important opportunity with Samsung’s chipset, consumer electronic, and mobile/wearables divisions - this Kwon knows for sure. 

"It’s time to imagine the transformative potential of IoT for our societies – and learn how to achieve its human, social benefits at scale,” says Kwon. 

According to Ovum's IoT Investments Tracker, Samsung has already invested more than $230million in IoT companies over the last two years. 

The new investment will also target health applications, with the aim to keep older patients out of hospitals and nursing homes. 

Dimension Data nabs three Cisco partner awards
Cisco announced the awards, including APJ Partner of the Year, at a global awards reception during its annual partner conference.
WatchGuard’s eight (terrifying) 2019 security predictions
The next evolution of ransomware, escalating nation-state attacks, biometric hacking, Wi-Fi protocol security, and Die Hard fiction becomes reality.
Rimini Street hits NZ shores with new subsidiary
The third-party support provider for Oracle and SAP has opened a new Auckland-based office and appointed Sean Jones as NZ senior account executive.
Why the adoption of SAP is growing among SMEs
Small and medium scale enterprises are emerging as lucrative end users for SAP.
Exclusive: How the separation of Amazon and AWS could affect the cloud market
"Amazon Web Services is one of the rare companies that can be a market leader but remain ruthlessly innovative and agile."
HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
Digital Realty opens new AU data centre – and announces another one
On the day that Digital Realty cut the ribbon for its new Sydney data centre, it revealed that it will soon begin developing another one.
A roadmap to AI project success
Five keys preparation tasks, and eight implementation elements to keep in mind when developing and implementing an AI service.