The President and CEO of Samsung Electronics, BK Yoon called for greater openness and collaboration across industries to unlock the possibilities of the Internet of Things (IoT) during a keynote speech at the 2015 International Consumer Electronics Show (CES). "The Internet of Things has the potential to transform our society, economy and how we live our lives," said Mr. Yoon. "It is our job to pull together - as an industry, and across different sectors - to make true on the promise of the Internet of Things."

Mr. Yoon emphasized that IoT must center on people and fit into their lifestyles, adding, "The Internet of Things is not about 'things.' Instead, it is about people. Each person is at the center of their own technology universe, and the IoT universe will constantly adapt and change shape as people move through their world."

Mr. Yoon announced a timetable for making Samsung technology IoT-enabled. By 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready, further accelerating the expansion of IoT devices available in the market.

He also emphasized the importance of developers in building IoT and announced that Samsung will invest more than USD 100 million in its developer community in 2015.

Mr. Yoon described Samsung’s advanced sensors, which are precise enough to understand a person’s surrounding environment and offer the right solution or service. For example, Samsung is developing a new three-dimensional range sensor that can detect the tiniest movements.

The company is also working on chips, such as the embedded package on package (ePOP) and the Bio-Processor, which are energy-efficient and compact enough to go into a wide range of devices, especially wearables and mobile devices.

In addition to IoT devices and components, Mr. Yoon emphasized the importance of openness in bringing IoT to life. Joining Mr. Yoon on stage, SmartThings CEO Alex Hawkinson underscored Samsung’s vision for an open infrastructure.

"For the Internet of Things to be a success, it has to be open," said Hawkinson. "Any device, from any platform, must be able to connect and communicate with one another. We’ve worked hard to accomplish this, and are committed to putting users first, giving them the most choice and freedom possible. The SmartThings ecosystem is now compatible with more devices than any other platform."

New Galaxy E5 and E7 smartphones

Sepeartely, Samsung launched GALAXY E7 and GALAXY E5 in India.

These smartphones are targeting young users. They are powered with Super AMOLED displays and are equipped with 5 MP Front camera for 'selfies', enhanecd with features such as wide angled selfie, selfie with palm gesture, selfie with voice command and beauty face. The wide Selfie feature for the front camera allows users to capture selfies covering angles up to 120 degrees.

The GALAXY E7 and GALAXY E5 have a slim and compact design that is 7.3mm thin. In addition, these new smartphones include features exclusive to GALAXY devices, such as Ultra-Power Saving Mode, Private Mode and Multi screen.