IoT Platform
SK Telecom announced on January 25 that it has signed a memorandum of understanding (MOU) with Cisco, the world’s largest networking equipment manufacturer headquartered in the U.S., to develop a new Internet of Things (IoT) platform.
On January 22, the two companies agreed to co-develop the innovative IoT platform by combining the mobile carrier's integrated IoT platform ThingPlug and Cisco's Fog Computing IoT-related technology.
SK Telecom’s ThingPlug platform, which was launched in June last year for the first time in the domestic industry, is a technology that easily connects devices with applications. Cisco's Fog Computing solutions help each IoT device to analyze their data, give orders and operate on their own in real time.
SK Telecom will provide servers, with Cisco offering network gateway equipment to build the new IoT platform. Both companies will also co-develop applications and sensors to be operated on the new platform.
Once the IoT platform is established, each device does not have to send data to a central cloud server, which is at a distance. Instead, the platform will allow each device to analyze and process their data on their own, decentralizing data traffic on the main server.