Intel Corporation (NASDAQ:INTC) is already into wearable market, but now it is all set to take over the Internet of Things. In the direction to this, the company has already launched its own and new IoT platform along with the reference design in order to fast track the availability of items in the market. Through the IoT platform, Intel Corporation (NASDAQ:INTC) is expecting to deploy products quickly into the market. Particularly when it has joined forces with companies like Accenture Plc (NYSE:ACN), Dell Inc. (NASDAQ:DELL) and Wipro Limited (ADR) (NYSE:WIT).
Intel Corporation (NASDAQ:INTC) has realized that though IoT has potential to augment economic value and social change, but it needs to expand to multiple companies. Thus, it announced new relationships and solutions to bolster the whole IoT ecosystem. With some of the biggest giants involved, solutions are expected to be deployed quickly and efficiently.
Intel Corporation (NASDAQ:INTC)’s IoT Platform will compete with the existing platform of QUALCOMM, Inc. (NASDAQ:QCOM). The silicon giant already has AllJoyn IoT protocol in its offering, which has been handed over to the Linux Foundation.
Intel’s move comes at a time when security among interconnected devices within the home has become important and witnessed higher growth. During the release of the news, Doug Davis, vice president and general manager, Internet of Things said, “IoT is a rapidly growing market but faces scalability hurdles. By simplifying the development process and making it easier to deploy new solutions that address market needs, we can help accelerate innovation.”
Both Hardware and Software
Intel has embedded security features in both its hardware and software to prevent hacking attempts on home devices. Right from edge devices to the cloud, Intel has integrated its hardware and software products to help support IoT platform. Some of the new products include Wind River Edge Management System, enhanced MacAfee security and cloud analytics support along with others.