Samsung is facing difficult as the internet enters the latest era and there are signs which it may have peaked being a major force in technologies. Sophie Curtis talks to the company's first non-Korean UK president about how exactly the Internet of Factors can arrest falling product sales Change is constant online. The birth of the net in the 1990s took to connect about 1bn visitors to the internet, primarily by using their desktops; the arrival with the mobile internet in the particular 2000s put another 1bn online. Now we are entering your third age, which it is claimed will spot 50bn devices connected to the internet by 2020. The marketers are calling it the internet of Things (IoT).
Technology companies are competing to get world leaders in the particular IoT. The market is likely to be worth £250bn to the global economy by the conclusion of the decade, using the UK's Department for Company, Innovation & Skills. Samsung already has their sights set firmly on the new era. But South Korea's technologies powerhouse knows success isn't assured; it has simply just reported its first annual decline in profits throughout four years.
"The IoT has become truly tangible with these products we offer, largely delivered through a set of very clever sensors which have become much more clever, and the low–energy Bluetooth devices that will allow these products to talk to one another continuously without being worried about the power base, " said Andy Griffiths, chief executive of Samsung UK along with Ireland.
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