The CEO of Samsung has made a bid for his company to become an active player in the internet of things (IoT) by putting uo funding for developers.
In a keynote speech at the Consumer Electronics Show in Las Vegas, BK Yoon said Samsung will provide $100 million in funding while pledging to keep access to devices open rather than proprietary.
He said all Samsung devices will be open and connect to other devices on the matrix, with 90 percent of Samsung devices have IoT inteconnectivity by 2017.
Soon said that the industry required an open system with collaboration across different industry sectors.
While analysts predict that by the end of the decade there will be 10s of billions of devices from lights to kitchen sinks with IP (internet protocol) abilities, problems not only include connectivity and open standards but also security.
Other vendors, including chip giant Intel want to jump on the IoT bandwagon and so far there is little sign of the whole caboodle agreeing on open standards.