This IS your grandma’s Internet: Samsung plans to invest in IoT
In the future, everything will be connected -- even your grandparents.
That's what Samsung Electronics is counting on as it draws up a four-year plan to invest $1.2 billion in U.S. Internet of Things startups and research.
The company sees IoT as a way to provide dementia care and to help millions of elderly people live independently, using a range of devices including some akin to fitness trackers.
"We can keep people out of hospitals and nursing homes," Samsung CEO Oh-Hyun Kwon said at a company event in Washington, D.C., on Tuesday. "As our populations live longer, these benefits and cost savings for society cannot be ignored."
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