Samsung Electronics will pull the plug on its ARTIK project in four years after starting to develop the internet of things (IoT) platform.
The tech giant recently told employees of the IoT Commercialization Team of the System LSI Department of the Device Solution (DS) Division that the ARTIK project will be closed down.
The IoT Commercialization Team is currently a vice-president-level organization with a slightly fewer than100 employees. The team has been in charge of the ARTIK project.
ARTIK is a tiny IoT module that helps developers commercialize IoT devices quickly and easily. Samsung Electronics unveiled its first ARTIK product in 2015, and commercialized it in February of the following year.
IT industry experts say that Samsung decided to halt the ARTIK project because of its poor results. Samsung wanted to build an IoT ecosystem and lead the IoT market through the ARTIK project but it did not yield any tangible results.
Some critics said that the ARTIK project was not suitable for large companies such as Samsung.
Samsung felt that the time has come to make its IoT organization slim as IoT R&D teams were sporadically established throughout the company. In particular, there is a growing call for cost cutting as the memory market is expected to remain sluggish until the end of the first quarter of next year.