Proving the Business Case for the Internet of Things

We must work together to enable the IoT Samsung's CES keynote

Steve Rogerson
January 7, 2015
Different sectors must pull together if the promises of the internet of things are going to be fulfilled. This was the message from BK Yoon, president and CEO of Samsung Electronics, in the opening keynote speech at the Consumer Electronics Show in Las Vegas
He called for greater openness and collaboration across industries to unlock the infinite possibilities of the IoT.
“The internet of things has the potential to transform our society, economy and how we live our lives,” said Yoon. “It is our job to pull together – as an industry, and across different sectors – to make true on the promise of the internet of things.”
Yoon also emphasised that the IoT must centre on people and fit into their lifestyles, saying: “The internet of things is not about things. Instead, it is about people. Each person is at the centre of their own technology universe, and the IoT universe will constantly adapt and change shape as people move through their world.”
Yoon announced a timetable for making Samsung technology IoT enabled. By 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready.
He said that in the IoT era sensors would become even more advanced and precise, and key components highly energy efficient and compact. For example, Samsung is developing a three-dimensional range sensor that can detect the tiniest movements.
The company is also working on chips, such as the embedded package on package and the bio-processor, which are energy-efficient and compact enough to go into a wide range of devices, especially wearables and mobile devices.
“Expanding the devices in the IoT ecosystem and the components that power them is the first step in fulfilling the promise of the internet of things,” said Yoon. “Samsung already has a broad range of IoT devices. Last year, Samsung delivered more than 665 million products, and this number is set to increase. We have already begun to unlock the value hidden in connected devices and all the everyday objects around us.”
In addition to IoT devices and components, Yoon emphasised the importance of openness in bringing the IoT to life. Joining Yoon on stage, SmartThings CEO Alex Hawkinson underscored this vision for an open infrastructure.
“For the internet of things to be a success, it has to be open,” said Hawkinson. “Any device, from any platform, must be able to connect and communicate with one another. We’ve worked hard to accomplish this, and are committed to putting users first, giving them the most choice and freedom possible.”
Yoon added: “We at Samsung are committed to supporting the developer community. Only together can we shape this better future.”
As part of this commitment, he announced that Samsung would invest more than US$100m to support its developer community in 2015 by strengthening its accelerator programmes and further expanding its international developer events.
He said he believed theIoT would have far-reaching impact, much more so than the consumer electronics industry has had so far, as it would touch every aspect of people’s lives and revolutionise every industry. For IoT to succeed, companies across all industries will have to collaborate to build the necessary infrastructure and develop the many tailored IoT services that can meet the needs of consumers.
“I know in my heart that neither one single company nor one industry alone can deliver the benefits of the internet of things,” said Yoon. “To create this IoT universe, we have to see the potential of the internet of things across all kinds of industries. Only if we work together can we improve people’s lives.”