Samsung Electronics is set to debut a new Internet of Things technology that will help building owners manage their real estate properties using artificial intelligence. According to a new report from South Korea, the upcoming IoT solution will be unveiled on October 18th at Samsung's Seoul-based headquarters, though it remains unclear when the company plans to roll out the new smart building management system to enterprise users.
The platform is said to be marketed as "b.IoT" and will work to collect sensor data and information coming from various sources including televisions in order to determine which part of the building is not in use and allow building managers to automatically regulate building temperatures and lighting systems accordingly, consequently saving time and lowering their utility expenses. In an effort to capitalize on some new exporting opportunities, Samsung plans to apply the b.IoT solution to its own building located in Warsaw, Poland, and other real estate assets situated in Daegu and Yeongju in South Korea, recent reports indicate.
The tech giant's move to expand into the smart building IoT segment is just the latest development in the company's growing stake in this emerging market. In recent times, Samsung Electronics has announced a number of products and services meant to take advantage of what IoT has to offer in a wide variety of applications ranging from smart home systems to mobile devices coupled with AI, partially thanks to the technological contributions from Viv Labs, a U.S. AI startup that Samsung acquired in last November and reportedly used its advancements to deliver its digital companion Bixby. Two months ago, it was reported that the South Korean original equipment manufacturer was aiming to incorporate its Tizen operating system into IoT devices such as smart lighting systems and home appliances in a move to drift away from its reliance on third-party platforms including Google's Android operating system for mobile devices. This March, the company introduced an app called Samsung Connect which is designed to serve as a comprehensive control hub for Internet-enabled devices. It remains to be seen what benefits the upcoming smart building IoT solution has in store for building managers but if the project truly exists, Samsung is likely to share more details on the thereof in the near future.