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Last updated: September 15th, 2015 at 08:52 UTC+02:00
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Back in July 2014, Samsung formed Open Interconnect Consortium (OIC) in collaboration with Intel, Broadcom, Dell, and Atmel, which is a consortium aimed at developing open-source compatible standards to connect IoT devices. ETRI is also going to host an OIC conference with Samsung in Seoul on May 13. Global technology brands like Google and Qualcomm have forged alliances and started developing open-source IoT standards.
Samsung has set its sight on the IoT and home automation industry for further business expansion. It acquired SmartThings for around $200 last year, and it is expected to announce new home automation products in Q3 2015.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S23 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.