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Samsung commits Sh 9b to internet of things, want devices open up to technology

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Global electronics manufacturer Samsung Electronics is seeking openness and collaboration across industries to unlock the infinite possibilities of the Internet of Things (IoT).

The tech giant also committed Sh 9 Billion ($100 million) this year to support developers shape its road map in the latest offering.

Latest developments comes as IT vendor, Cyberoam Security predictions 2015 forecast dark clouds on the technology citing vulnerabilities of systems when they will be made interoperable.

According to Cyberoam, IOT will gain wider visibility due to its advancements as well as vulnerabilities.

“As supervisory control and data acquisition (Scada) systems adopt IOT, their exposure to cyber threats will increase,” said the report.

Remotely connected and automated building control systems will also face a similar challenge.

Around 2.2 million Scada and BACnet devices are already exposed to potential cyber threats as these are identifiable via Shodan – a search engine for Internet-connected devices.

However, Samsung Electronics, President and CEO Boo-Keun Yoon, delivering the opening keynote speech at the 2015 International Consumer Electronics Show (CES) said the Internet of Things has the potential to transform the society, economy and way of life with cooperation from stakeholders.

He emphasized that IoT must center on people and fit into their lifestyles.

“The Internet of Things is not about ‘things.’ Instead, it is about people. Each person is at the center of their own technology universe, and the IoT universe will constantly adapt and change shape as people move through their world,” He said.

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.

Samsung commits Sh 9b to internet of things, want devices open up to technology Reviewed by on . Global electronics manufacturer Samsung Electronics is seeking openness and collaboration across industries to unlock the infinite possibilities of the Internet Global electronics manufacturer Samsung Electronics is seeking openness and collaboration across industries to unlock the infinite possibilities of the Internet Rating: 0

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