Samsung to invest $1.2 billion in IoT research in US

Oh-Hyun Kwon, Vice Chairman and CEO of Samsung Electronics, speaks during the "Internet of Things: Transforming the Future&
Oh-Hyun Kwon, Vice Chairman and CEO of Samsung Electronics, speaks during the "Internet of Things: Transforming the Future" conference at the Washington Post Live Conference Center in Washington, DC

Samsung announced plans Tuesday to invest $1.2 billion for US-based research over the next four years on "human-centered" applications for the Internet of Things.

The South Korean electronics giant said the research aimed to improve applications for connected everyday objects for health, and , for example.

Some of the projects may include applications to help monitor with dementia, find deficiences in roads and bridges or detect earthquakes in , Samsung Electronics vice chairman and chief executive Oh-Hyun Kwon told a Washington conference.

"At Samsung, we believe in thinking differently abut solving problems with IoT," Kwon told the "Internet of Things: Transforming the Future" conference at the Washington Post.

"Everyday objects can be transformed into solutions. Trucks can become mobile data collectors, making our bridges, and , safer. We just need the creativity to see these things from a new angle."

Kwon offered some examples of how the Internet of Things, or connected objects, can improve lives.

For example, someone with dementia can be equipped with a device to allow family members to know their location. And smart homes can be more precisely programmed and tuned to save energy costs.

Smartphones, he said, could detect seismic vibrations in earthquakes in time to shut down gas lines, potentially saving lives.

"Today, IoT is changing individual lives—helping people to age in their own homes," Kwon said.

"But tomorrow, using IoT, we can give the same independence to millions of Americans. We can keep people out of hospitals and nursing homes."

Samsung, which last year opened a Silicon Valley research center, employs some 15,000 people in the United States, according to Kwon.


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© 2016 AFP

Citation: Samsung to invest $1.2 billion in IoT research in US (2016, June 21) retrieved 26 June 2019 from https://phys.org/news/2016-06-samsung-invest-billion-iot.html
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