Samsung to be Fully IoT Connected by 2020

Last year the research firm Gartner released a report that showed that the internet of things was at the very peak of the Technologies Hype Cycle, as the most ‘over hyped’ area of technology today. It is at the peak of inflated expectations and is about to experience a dramatic drop in perception to what Gartner calls the ‘trough of disillusionment.’ Moreover, Gartner claims that IoT is at least 5-10 years away from reaching the final stage of maturity in the ‘plateau of productivity.’

Yet, looking at just the first few days of 2015, it is clear that is IoT is far from disappointing and is holding very firm in the peak of innovation and high expectations. The 2015 International Consumer Electronics Show (CES) in Las Vegas has only just begun, and is very much being led by IoT technologies.

A number of smart wearable technologies have been showcased, but the most significant reveal occurred within the opening keynote speech. Samsung’s chief executive Boo Keun Yoon gave the speech and outlines some of the issues IoT is facing as well as Samsung’s future within the industry.

The IoT market already showcasing millions of smart devices, and one of the biggest issues currently faced, other than security, is that most connected devices have their own dedicated application and cannot communicate with each other

Yoon was reported as saying, “I’ve heard people say they want to create a single operating system for IoT, but these people only work with their own devices. We can deliver the benefits of IoT only if all sensors can talk to each other. I’m making a promise that our IoT devices and products will be open. We will ensure that others can easily connect to our devices.”

Samsung sold 665m devices last year, many of which were connected to the internet. However, Yoon promised that by 2017 90% of the devices Samsung sell, will be connected to the IoT ecosystem, and 100% within the next five years.

Yoon continued to say, “The IoT is not a pipe dream any more, it’s ready to go. That’s because there are many consumer devices already out there, ready to connect to IoT. The opportunities and benefits of IoT are huge, but so are the challenges. We need an open system and to collaborate across industries, not just within technology. IoT is about delivering experiences that change our lives for the better, and it’s developers that come up with the ideas that change our lives. Samsung is committed to supporting them, and will invest more than $100 Million into developer community through funding for startups and our incubators, which we are taking global.”