Cisco Plans To Invest $1 Billion In UK Technology Sector

Cisco will invest in United Kingdom, China, and France in the coming years.

Cisco Systems is all set to invest a massive $1 billion in the technology sector of the United Kingdom. The company wants to invest and do wonders in the booming Internet of Things market. The company announced on Thursday regarding its plans to invest in the country’s sector over the next 3 to 5 years that will actually help in boosting the information technology sector of the United Kingdom. This is the first and new investment after four long years where the networking giant vowed to spend $500 million for the same cause in UK.

According to Fortune, “Cisco will use part of its new investment to scout for potential acquisitions in the UK and has experience in purchasing UK-based companies. In 2013 it bought out Ubiquisys, a maker of a type of cellular technology known as a small cell, for $310 million.” Furthermore, the company also invested $5 billion in 2012 in a British company named NDS Group. NDS Group specialized in software for cable television.

The company sees the technology sector of UK as of high potential and hence wants to invest in it without any further ado. It is believed that the startups based in the United Kingdom, which will be working on technology and Internet of Things, will prove to be beneficial for Cisco in the coming times as it vows to spend $150 million in them to fasten growth.

Sources suggests, “The company was vague on what types of Internet-of-things companies or specific technologies it wants to target in the region, but it did mention that ‘smart city development’ is an area it wants to invest in.”

This will also enhance and push the business of Cisco as more and more municipalities will be buying the products of Cisco branded Internet of Things in software and hardware, which faces fierce competition from Oracle, IBM, and HP in the market.

The $1 billion investment plans come immediately after it announced plans to expand its investment in China. The China investment plans were of $10 million and it took Cisco only one month to go for new plans and invest in United Kingdom’s technology sector.

However, these two are not the only countries that the company will be investing in, in the coming times. The company said earlier this week that it also has plans to give $100 million to the France based startups. Cisco is all set to penetrate in the Internet of Things market, which seems to be the future.

Samsung Unveils 'Artik' To Push 'Internet of Things' (IoT)

Samsung has unveiled two Artik board to push Internet of Things (IoT) connectivity.

Lately, Samsung Electronics has been the center of attention with all the glamor and fame it is receiving. The company launched Samsung Galaxy S6 along with two new memory cards that made it the largest smartphone vendor in the market, as well as the best smartphone company; obviously after surpassing Apple. Recent news stated that the South Korean smartphone company is pushing itself for Internet of Things (IoT). Hence, in order to master that domain, it built a new board, named as ‘Artik’, which will be the hub for IoT devices, drones, and robots.

Wall Street Journal reported, “Samsung Electronics Co. unveiled a set of technologies to spur more companies to add computing power to everyday devices such as fitness trackers, light bulbs, security cameras and drones.” It is believed that the company has created this board in a way that it comes packed with various new processors, sensors, communication chips, and other advance components. Furthermore, the company is also focusing to provide software services that will configure new devices while connecting them to the internet.

It is believed that the size of these Artik boards are that of a lady bug, which comprises of a Samsung chip with two new processors, Bluetooth wireless connectivity, and many other features. According to the president and chief strategy officer at Samsung, Young Sohn, said, “The board, intended for applications like smartwatches, would sell for less than $10.” This is quite reasonable and shows company’s intents to push in for Internet of Things. A decade ago, the future was in information technology sector and when technology has taken over the world along with every new way coming, Internet of Things is the next ‘big thing’ in the market.

Another Artik is a larger board, which will have a size of two postage stamps stuck together side by side. This will include all the features of a normal Samsung smartphone. Furthermore, the board will have eight processor chips, 32 GB data space, and video capabilities. According to Mr. Sohn, these types of Artik board will be on sale for less than $100. It is believed that this board is suitable for applications including home hub devices and other consumer data, such as storing videos.

Atrik has been one of the most awaited technologies from the company’s end. Its unique and innovative idea to connect devices through this board is exemplary. Tech-savvy users are looking forward to using it in their application in the coming times.