Speaking at the Consumer Electronics Show in Las Vegas this week, Samsung president and CEP, BK Yoon, told audiences that the internet of things is not as distant as we think.
But among musings of speed, convenience and security, Yoon laid out what the internet of things should be able to do, and not a lot of outlining how it will do it.
Yoon said the internet of things is no longer just science fiction but, although we’re already seeing the technology realised, we will not reap the benefits until it has “proven its worth.”
A presentation by the CEO demonstrated what users said they wanted from devices when asked what “the technology of the future” should provide.
Among the answers were “be faster”, “save time” and “track efficiency”, which devices and connected technologies already do, further proving that the technology is here but must be used properly to provide benefit.
This has been a theme throughout the week, with CEA’s chief economist and senior director of research, Shawn G DuBravac, stating for connected technology to have meaning, it must provide the user with the correct feedback to change the environment around them for the better.
Yoon cited sensor technology, as well as processing power and connectivity, as the main drivers of IoT devices. He said that, once these technologies are connected, they serve a much higher purpose.
The internet it still impersonal so the barrier for the internet of things comes with showing consumers what is in it for them and how it has the potential to transform the economy and user's lives, said Yoon.
"Every great economic paradigm shift in history brings together three new technologies in a seamless new infrastructure that changes the way we organise our economic life,” said president of the Foundation of Economic Trends, Jeremy Rifkin.
“New communications technologies for more efficiently managed economic activity. New sources of energy to more efficiently power economic activity and new modes of transportation to more efficiently move economic activity.”
More on the internet of things
Earlier this year, a report by the government’s chief scientific adviser, Sir Mark’s Walport, stated that practical applications of IoT can deliver benefits to key areas such as energy, healthcare, agriculture, transport and buildings.
Rifkin put emphasis on the use of sensors during the internet of things era. These will be embedded in everything to communicate with other devices and consumers.
He said consumers will then turn into "prosumers" who give information back with usage, giving everyone greater control and better choice in how to live, creating economic opportunity.
Rifkin said industries all have a role to play to work together to push this era forward. These technologies also come with risk, and safeguards must be built into the system to prevent disruption.
Yoon said Samsung will take part in leading the development of these sensors that will be so important in driving forward the next generation of technology.