After the wearable segment, Intel has announced a new Internet of Things platform to promote the idea of connected devices and accelerate its deployment. Intel has used its chips, security and software to build a new platform to make it easier for companies to build Internet-connected smart products. Also Read - Airtel partners with Intel for its 5G network development: Details hereAlso Read - Intel exec reveals mobile gamers want to shift to PCs; pandemic accelerated the process
“Intel s platform is like a set of building blocks based on the chipmaker s components and software for companies to create smart, connected devices,” Doug Davis, head of Intel s Internet of Things business, said in a statement. Also Read - COMPUTEX 2021: Intel launches two new 11th Gen U-series processors
We re creating compute capability in end-point devices that scale from our highest performance Xeon processor to the Quark family of products, Davis said, referring to Intel s chips.
He further added that Intel is teaming up with Dell, SAP, Tata Consultancy, Accenture and other companies to work with its reference design and boost the IoT ecosystem.
Internet of Things is touted to be an emerging trend and is becoming the new battleground for chipmakers like Intel, Qualcomm and other companies. Qualcomm has made the AllJoyn IoT protocol, which is no open-sourced and has been handed over to the Linux Foundation.
Reuters reports that Intel s Internet of Things Group had $530 million in revenue in the September quarter. Even though it s just four percent of Intel s total revenue in the quarter, it grew 14 percent over the previous year, which was faster than the company s PC business.