Image from Iconfinder
Electronics giant Samsung has been making its intentions in entering the Internet of Things (IoT) sector in a big way. On June 21, the electronics giant announced plans to grow the business for the connected technology at the Internet of Things Policy Dialogue, an industry conference held at the head office of the US daily Washington Post in Washington.
Samsung’s Vice Chairman Kwon Oh-hyun said his company would invest around US $1.2 billion in the US over the next four years for the IoT business.
Kwon, though, did not give details on the investment plan.
“The IoT (technology) is already penetrating our daily lives, and collaborative works are highly necessary in order to find ways to enhance the potentials and value of IoT tech,” the Samsung Vice Chairman said. Kwon also offered some examples of how the Internet of Things, or connected objects, can improve lives.