Published on : Nov 06, 2013
Intel Corp has created a new business division that is aimed at making substantial money out of a newly introduced technology wave.
The Santa Clara, California chip maker and several other technology companies deem to this new trend of linking up a host of electronic devices ranging from bathroom scales to skyscraper ventilation systems via the use of the Internet. It is what they call the `Internet of Things’ – a source that will create immense demand for brand new software programs and electronic equipment in the industry.
Doug Davis, the group’s general manager says, Intel is working hard to ensure that its business plans are not met by any future technology trends, as its newly set group called as `Internet of Things Solutions Group’ will report directly to Brian Krzanich, the Chief Executive of the assembly.
To this Brian Krzanich said, his expectations regarding the level of focus on this project is really high, as he wants this plan to grow and attain the level of attention and success that it deserves.
Krzanich’s effort for developing mobile chips has become a high priority within Intel. The three-decade manufacturing veteran – Intel is the largest chipmaker in the world. Although Intel is significantly dominating the personal computer industry with its chips, it was considerably slow to adapt its chips to the new trend of tablets and smartphones for a long time.
Nonetheless, with time and slow progress, in September, Krzanich announced that Intel was finally functioning on a new line of ultra-low-power and ultra-small power microchips for devices like bracelets and smart-watches along with versions for biomedical uses.
The Internet of Things Solutions Group combined with an already functioning Intel business group that focuses on developing chips for industrial and commercial devices along with Intel’s Wind River subsidiary – a group that sells software for industrial and commercial devices. These are a couple of pieces of the project that are already doing well and would be enhanced to a greater extent as all the primary focus is being created around `Internet of Things’, adds Davis.