On Tuesday, December 9th Intel Corporation (NASDAQ:INTC) launched a new platform designed to make it easier to create Internet-connected smart products using its chips, security and software. This is the first public look at Intel’s plans to cash in on the white-hot Internet of Things sector.
Intel’s new IoT Platform will help firms develop and deploy new products more quickly, and because the company will be working with companies like Accenture, SAP, Dell, Wipro and others, there’s already a robust ecosystem in place.
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Statement from Intel’s IoT chief
Intel’s new IoT platform is akin to a set of building blocks of the chipmaker’s components and software that companies can use to develop smart, connected devices, Doug Davis, head of Intel’s Internet of Things business, commented at a launch event in San Francisco on Tuesday.
The platform also makes it easier to connect to data centers to analyze data collected from the sensors of these connected devices.
“We’re creating compute capability in end-point devices that scale from our highest performance Xeon processor to the Quark family of products,” Davis noted in reference to Intel’s chips.
Intel focused on IoT
After falling behind the curve in the mobile revolution, Intel Corporation (NASDAQ:INTC) wants to make sure it is on the leading edge of future trends such as the IoT, according to both industry experts and company executives.
The idea of building in processors, sensors and web connectivity to create “smart devices” from soccer balls to industrial machinery (the Internet of Things) that can communicate with each other has become a new battleground for Intel, rival Qualcomm and other tech giants.
The number of wireless devices will more than double by 2020, with most of this rapid growth coming from smart devices besides PCs and smartphones, according to projections from ABI Research.
Of note, Intel Corporation (NASDAQ:INTC)’s Internet of Things division produced $530 million in revenue in the third quarter. That amount was just 4% of the company’s total revenue in the quarter, but it was up 14% year over year, a good bit faster than the firm’s core PC business.