Samsung to invest $100M in Internet of Things developer community

CEO Yoon calls for greater openness and collaboration across industries.

LAS VEGAS — Samsung Electronics will invest US$100 million in its Internet of Things (IoT) developer community this year, CEO BK Yoon announced in an opening keynote speech at the 2015 International Consumer Electronics Show (CES).

Yoon also called for greater openness and collaboration across industries to unlock the infinite possibilities of the Internet of Things.

“The Internet of Things has the potential to transform our society, economy and how we live our lives,” he said. “It is our job to pull together — as an industry, and across different sectors — to make true on [its] promise.”

He also emphasized that IoT must centre on people and fit into their lifestyles, adding, “IoT is not about ‘things.’ Instead, it is about people. Each person is at the centre of their own technology universe, and the IoT universe will constantly adapt and change shape as people move through their world.”

The company has announced that by 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready.

In the IoT era, devices will be “always on” and “always connected,” making it important for sensors to become even more advanced and precise, and for key components to become ever more compact and highly energy efficient.

Samsung is currently developing a three-dimensional range sensor that detects tiny movements.

The company is also developing chips, such as the embedded package on package (ePOP) and the Bio-Processor, which are energy-efficient and compact for a range of devices, including wearables and mobile devices.

In addition to IoT devices and components, Mr. Yoon emphasized the importance of openness in bringing IoT to life. Joining Mr. Yoon on stage, SmartThings CEO Alex Hawkinson underscored Samsung’s vision for an open infrastructure.

The company’s US$100 million investment will support its developer community by strengthening its accelerator programs and expanding international developer events.

“To create this IoT universe, we have to see the potential of the Internet of Things across all kinds of industries. Only if we work together can we improve people’s lives,” said Yoon.

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