Samsung will invest $1.2 Billion in Internet of Things in United States


Technology: Samsung says on Tuesday to invest $1.2 billion in Internet of Things technologies over the next four years. The electronics giant said the research anticipated to improve applications for connected daily objects for health, public safety and energy efficiency, for example. 

Some of the projects may include applications to help monitor elderly people with dementia, find deficiencies in roads and bridges or detect earthquakes in real time, said Samsung Electronics vice chairman and chief executive Oh-Hyun Kwon.

“At Samsung, we believe in thinking differently about solving problems with Internet of things,” Kwon told in the “Internet of Things: Transforming the Future” conference.

“Everyday objects can be transformed into solutions. Trucks can become mobile data collectors, making our bridges, and people, safer. We just need the creativity to see these things from a new angle.” Kwon offered some examples of how the Internet of Things, or connected objects, can improve lives.

 “Today, Internet of things is changing individual lives – helping people to age in their own homes,” Kwon said. “But tomorrow, using IoT, we can give the same freedom to millions of Americans. We can keep people out of hospitals and nursing homes.” According to Kwon Samsung, which last year opened a Silicon Valley research center, employs some 15,000 people in the United States.