Samsung envisions all products to be IoT-ready by 2020

#News(Startup) [ via IoTGroup ]

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Samsung envisions all products to be IoT-ready by 2020
Samsung’s R&D centres in the country have been working with several Indian

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It invests in early-stage startups and has over $2.2 billion in assets under management.
The company recently announced its India entry through an initial investment $8.5 million in four Indian startups.
“These strategic investments are aligned to Samsung’s vision for its wide range of product portfolio,” says Aloknath De, corporate vice-president & CTO, Samsung R&D Institute India – Bangalore.
“Through these investments, Samsung aims to empower the startups to scale at a faster pace and contribute more meaningfully,” he tells Sudhir Chowdhary in an interview.
Samsung’s R&D centres in the country have been working with several Indian startups at different levels for many years.
Another company Haptik has worked on conversational AI for our My Galaxy App. This has been a different and deeper kind of engagement with startups.
With external ecosystem and internal readiness, we believe it is the right time to bring in this new dimension of investment alongside startup engagement otherwise.
We are focused on long-term product and service innovation that the Indian startup ecosystem has to offer.
Our strategic investments in startups are thereby a vehicle to realise this mission of Open Innovation.
How does Samsung plan to leverage the technologies created by these startups?
We believe the companies we have invested in have the potential to address the future needs of our consumers through innovative and meaningful technologies.
The Indian startup ecosystem has matured over the last few years with early stage companies working on top of the line technology and services, especially in areas such as Artificial Intelligence, IoT, cloud and other emerging technology solutions as well as services.
Samsung is committed to work with and invest in promising Indian startups.
This will be a win-win for both, as it will help startups scale their solutions through this deep engagement while we get an opportunity to enrich our offerings to our consumers

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