Future Society

Samsung pledges over $100m to make an open Internet of Things finally happen

Christine DoanJanuary 7th 2015
  • Samsung sold 665m devices last year, many of which already have internet connectivity. But Yoon promised that by 2017 90% of those devices will plug into the IoT ecosystem, and 100% in five years.
  • One of the biggest issues for IoT is the lack of interoperable standards. Each manufacturer has its own system meaning connected lights often can’t talk to the digital door lock, or the smart electricity meter can’t talk to the connected boiler.
  • Samsung bought Smart Things, an IoT company that connects devices through an open system, in August 2014 and it is leveraging the company to attract developers and connect Samsung’s devices.

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