New Strategies Unfold for Samsung

Interesting news was unfolding out of the Consumer Electronics Show (CES) when Samsung’s CEO, BK Yoon announced that he would be investing $100 million to the companies developer network to create an open “Internet of Things” strategy. His theory behind this strategy is that all devices will easily communicate with each other.

“Samsung isn’t just funding developers to create an open IoT system, but also opening its devices to the Internet of Things. In two years, 90% of Samsung devices will work within IoT ecosystems, with the remaining 10% coming online by 2020.” (http://www.fool.com/investing/general/2015/01/11/will-samsungs-100-million-internet-of-things-strat.aspx)

Samsung doesn’t seem to be the only one in the market to make these moves. There are reports that Apple, Google, and Qualcomm are making similar moves within the industry, but Samsung has the upper hand at the moment.

The “Internet of Things” strategy is a hot topic within the technology and electronics industries so it will be interesting to see what comes next. These developments will continue to emerge as the industries adapt and change to the new concept. It will certainly be interesting to see what’s next so be sure to keep your eyes peeled for an update on this hot topic!