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Samsung announces human-centered vision for IoT, plans $1.2 billion investment in R&D

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Last updated: June 21st, 2016 at 15:49 UTC+02:00

Samsung Electronics Vice Chairman & CEO Dr. Oh-Hyun Kwon introduced Samsung's vision for “Human-Centered” Internet of Things today and also announced its plans to invest $1.2 billion over the next four years in US-based R&D and investments led by the Samsung Strategy and Innovation Center, Samsung Global Innovation Center and Samsung Research America, which together account for over 15,000 of the company's employees across the United States.

“I am excited to show how we are moving IoT to the center of our strategy and am delighted to announce that Samsung is planning to spend $1.2 Billion in US-centered IoT investments and R&D over the next 4 years,” said Kwon. He called on his peers to start talking and thinking differently about Internet of Things with a human-centered approach, acknowledging the life-changing possibilities of technology, and working together to bring these benefits to the society.

Kwon also said that for a human-centered approach to IoT the process needs to be open and collaborative so that all tools are open to people who want to work in this field, and that all technology connect to and play nicely with each other so that the boundaries holding back scale can be removed. He also announced Samsung's role as co-founder of the National IoT Strategy Dialogue which will be hosted by the Information Technology Industry Council (ITI). The purpose of this dialogue is to develop a National IoT strategy as a tool to inform policy makers of the potential of these technologies for individuals, communities, and the US economy.

These announcements were made today at Samsung-hosted forum in Washington, D.C. entitled Internet of Things: Transforming the Future. The event was attended by leaders from the technology industry, influencers, and policy makers.

Source Latest Samsung news Internet of Things
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