The President and CEO of Samsung Electronics, BK Yoon, is calling for greater openness and collaboration across industries to unlock the “infinite possibilities” of the Internet of Things (IoT).
“The Internet of Things has the potential to transform our society, economy and how we live our lives,” said Yoon in his keynote at the CES 2015 in Las Vegas. “It is our job to pull together — as an industry, and across different sectors — to make true on the promise of the Internet of Things.”
Gartner has earlier placed the Internet of Things (IoT) at the ‘peak’ of its hype cycle for emerging technologies.
By 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready.
It defines the IoT as the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment.
But Gartner states standardisation (data standards, wireless protocols, technologies) is still a challenge to more rapid adoption of the technology.
It points out a wide number of consortiums, standards bodies, associations and government/region policies around the globe are tackling the standards issues. “Ironically, with so many entities each working on their own interests, we expect the lack of standards to remain a problem over the next three to five years,” notes analyst Hung LeHong in the latest Gartner Hype Cycle for Emerging Technologies.
Among Gartner’s recommendations for enterprises is to look for standards in areas such as wireless protocols and data integration to make better investments in hardware, software and middleware for the IoT.
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Another is to Increase the organisation’s knowledge and capabilities with big data. The IoT will produce two challenges with information: volume and velocity, it states. "Knowing how to handle large volumes and/or real-time data cost-effectively is a requirement for the IoT."
At the CES keynote, Yoon announced a timetable for making Samsung technology IoT-enabled.
Knowing how to handle large volumes and/or real-time data cost-effectively is a requirement for the IoT.
By 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready, further accelerating the expansion of IoT devices available in the market.
He also emphasised the importance of developers in building IoT and announced that Samsung will invest more than US$100 million in its developer community this year.
Yoon described Samsung’s advanced sensors, which are precise enough to understand a person’s surrounding environment and offer the right solution or service. For example, Samsung is developing a new three-dimensional range sensor that can detect the tiniest movements.
The company is also working on chips, such as the embedded package on package (ePOP) and the Bio-Processor, which are energy-efficient and compact enough to go into a wide range of devices, especially wearables and mobile devices.
Read more: The IoT challenge: Continuity across devices and platforms
“Expanding the devices in the IoT ecosystem and the components that power them is the first step in fulfilling the promise of the Internet of Things,” said Yoon.
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