things Samsung pledges over $100m to make an open Internet of Things finally happen

Samsung’s chief executive BK Yoon promised more than $100m in funding for developers and to create an open system to kickstart an Internet of Things (IoT) revolution. Samsung sold 665m devices last year, many of which already have internet connectivity. But Yoon promised that by 2017 90% of those devices will plug into the IoT ecosystem, and 100% in five years. “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,” said Yoon in his opening keynote for CES in Las Vegas where he laid out Samsung’s vision for the future of IoT.