Samsung to place $1.2 billion U.S. R&D bet on IoT
Samsung said it will place a $1.2 billion, 4 year bet on U.S. Internet of things research and development.
The goal is to focus on so-called "human-centered IoT." The investment will be led by Samsung's research and innovation centers.
Samsung Electronics CEO Dr. Oh-Hyun Kwon outlined the investment as part of an event in Washington D.C. to talk about IoT as well as scaling it.
According to Samsung's statement, Kwon said the IoT ecosystem should focus on benefits to society as well as how it can improve lives.
Although Kwon's talk was high-level and hit topics like collaboration, regulation, use cases and partnerships, the reality is that the Internet of things could use more interoperability. Samsung clearly has a lot riding on smart home adoption, but for the technologies to really take off the end points need to just work. And that reality means a lot of software and integration.
To date, any consumer playing in the smart home market has to be at least a part time chief technology officer. Consider the following moving parts: