The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Fri, July 8, 2022 | 02:03
Tech
IT companies need to shift toward IoT commercialization
Posted : 2015-04-21 16:38
Updated : 2015-04-21 18:07
Print Preview
Font Size Up
Font Size Down
LG CNS CEO Kim Dae-hoon speaks during the Entrue World 2015 technology conference at the COEX exhibition center in Samseong-dong, Seoul, Tuesday./ Courtesy of LG CNS
LG CNS CEO Kim Dae-hoon speaks during the Entrue World 2015 technology conference at the COEX exhibition center in Samseong-dong, Seoul, Tuesday.
/ Courtesy of LG CNS

By Yoon Sung-won

Google should learn from Tesla how to run the Internet of Things (IoT) business, a leading IoT expert says.

Kevin Ashton, founder of the Auto-ID Center at the Massachusetts Institute of Technology (MIT), said companies such as Google, Facebook and Apple, should move their focus from information technology (IT) to IoT to avoid business downturns that the likes of Sony and Blackberry have suffered.

"Sony's corporate value has plunged since the mid-2000s after new technologies such as smart mobile devices were released," Ashton said in his keynote speech at the LG CNS Entrue World 2015 in Seoul, Tuesday. "Companies like Dell, Blackberry, IBM and Microsoft also suffered from similar challenges.

"To develop the IoT business, companies like Google should care more about investing their capital resources not only in research but also in commercializing what they have developed as actual devices and services."

Ashton created the concept of IoT at the Auto-ID Center at MIT in 2009. He described it as a networked system that connects various devices equipped with sensors and radio frequency identification (RFID) tags.

Ashton identified Tesla as the world's most successful IoT business.

"Tesla's cars are noticeable in not just that they are electric vehicles but also that they operate based on software called autonomous navigation technology," he said.

"By 2020, this technology will be more common and you will be able to ride on a fully automatic driving machine. Unlike Google Glass, Tesla already has successfully commercialized products."

He also said Tesla CEO Elon Musk knew how to apply what he has learned from one business to another, citing the electronic rocket project by Musk's private space rocket company, SpaceX.

Ashton also said companies should not call a device "smart" just by putting a sensor chip in a random product.

"Some put chips in socks, toasters and refrigerators and called them ‘smart,'" he said. "But smart devices and the IoT are not about making sensors do what people can do with ease. The IoT is about empowering devices to sense happenings around us and help people make better decisions based on such information."

In his speech, LG CNS CEO Kim Dae-hoon said the IoT paradigm should be shifted from device-centered to service-oriented.

"In the rapidly expanding IoT market, the service sector is growing much faster than the device market," he said. "Optimal devices, networks that integrate diverse protocols, technology capabilities that can handle big data analysis and intelligent services and high reliability and security are essential to establish public service-centered IoT."

The CEO said LG CNS had pushed ahead with the IoT business in transportation, energy, healthcare, home appliances, manufacturing, retail, finance and shipping industries.

Entrue World started in 2001 and has been the nation's leading IT conference. During the past 15 years, Entrue World has introduced concepts such as e-commerce, real-time enterprise, advanced analytics and the IoT in Korea, LG CNS said.


Emailyoonsw@koreatimes.co.kr Article ListMore articles by this reporter
 
LG
  • Yoon under fire for nepotism, cronyism allegations
  • World Cultural Industry Forum highlights Sweden's impact on K-pop
  • IMF chief says 'cannot rule out' possible global recession
  • Just pizza and coffee for Korea's first successful space rocket launch?
  • 'Green stocks are China's next tech stocks'
  • [INTERVIEW] Digitalization key to recovery of travel industry: Yanolja chief
  • Will Korean firms' efforts for World Expo 2030 bear fruit?
  • BGF Retail starts first commercial drone delivery service
  • Fed: Sharply higher rates may be needed to quell inflation
  • 3 fishing boats catch fire at Jeju port, 1 person rescued
  • 'Extraordinary Attorney Woo' to be adapted into webtoon 'Extraordinary Attorney Woo' to be adapted into webtoon
  • [INTERVIEW] 'Money Heist: Korea' writer feels satisfied to expand series' franchise [INTERVIEW] 'Money Heist: Korea' writer feels satisfied to expand series' franchise
  • BLACKPINK to drop new album in August BLACKPINK to drop new album in August
  • Maroon 5 removes Rising Sun Flag on homepage amid controversy Maroon 5 removes Rising Sun Flag on homepage amid controversy
  • aespa calls for action on sustainable development goals aespa calls for action on sustainable development goals
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group