Samsung to invest $1.2 billion into IOT research

The South Korean electronics giant said the research aimed to improve applications for connected everyday objects for health, public safety and energy efficiency.

Some of the projects may include applications to help monitor elderly people with dementia, find deficiencies in roads and bridges or detect earthquakes in real time, Samsung Electronics vice chairman and chief executive Oh-Hyun Kwon told a Washington conference.

"At Samsung, we believe in thinking differently about solving problems with IoT," Kwon told the "Internet of Things: Transforming the Future" conference at the Washington Post.

"Everyday objects can be transformed into solutions. Trucks can become mobile data collectors, making our bridges, and people, safer. We just need the creativity to see these things from a new angle."

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