Samsung To Start Building IoT Products On A Mass Scale
South Korean technology major Samsung plans to mass-produce IoT-enabled products in the consumer durable space over the next two to three years.
It is expected that this high-end, cloud-based networked technology will become more affordable for developing markets and emerging economies.
IoT stands for Internet of Things.
Samsung, which recently launched its first IoT-enabled washing machine in India, plans to introduce more connected appliances that can be controlled via devices such as smartphones.
Asked about the timeframe, Patrick Chomet, Executive Vice President of Samsung Electronics (Mobile Communications Business Product and Innovation Team), said: "Over the next 2-3 years, the company would start mass-producing IoT-based devices ... I would expect that (IoT connecti...