LG Pursues Their Search For Partner Companies In A Bid To Gear Up For The Recently Formed Yet Already Lucrative Internet Of Things Market
South Korea's tech giant LG Electronics is keeping up with the Internet of Things (IoT) era as it pursues its search for partner companies to collaborate with, reported Korea Herald Oct. 20.
Internet of Things is a network of devices equipped with software, sensors, electronics and network connectivity that allows these objects to gather and share data with one another. This enables users to communicate and control their devices remotely to promote efficiency and convenience by connecting computer-based systems with the physical world.
LG Electronics is among the large firms who have already adopted the technology, currently the largest in Korea and fourth worldwide, with 139 Internet of Things patents since 2014.
According to CNet on Jan. 5, LG Electronics showcased their pursuit for the Internet of Things technology in their presentation at the 2015 International CES that featured their goal of an interoperable ecosystem that can incorporate their WebOS 2.0 televisions with home automation, smart cars and the new LG Wellness platform.
The LG WebOS 2.0 has a more user-friendly interface and functions faster. It is also capable of supporting 4K streaming. The award-winning smart TV OS is currently being used in LG smart televisions at home and in hotels to deliver high-speed content.
In line with their pursuit of partner companies, LG has recently also announced its partnership with Microsoft to develop a Windows Operating System for Internet of Things-ready devices, noted ZD Net on Oct. 16.
LG revealed a lineup of new devices running on Windows 10 at the LG headquarters in Seoul as part of an LG hardware event.
"Our cooperation is built on the same strength that saw great sales of LG's Ultra PC Gram notebook running Microsoft's Windows 10 everywhere in the world on the MS Store," said Terry Myerson, Microsoft's executive vice president of the Windows and Devices Group.
During the event, Myerson was joined by head of LG Electronics' home entertainment divison Kwon Bong Seok.
"In collaboration with Microsoft, we also introduced a Windows OS-based IPTV for the first time in the market," said Kwon. "And now we can develop new IoT devices that use the Windows operating system."
"Because many consumers want a larger display, the future of Windows is bright," Myerson said. "And the increase in the satisfaction of consumers who prefer bigger displays will naturally help Windows stay competitive in the smartphone market as well."
