The company expects its mid-segment products to be IoT- driven as well. Currently, only a few top-end models in key categories have such features. IoT refers to a network of devices and sensors connected to the Internet. The Korean chaebol had started investing in IoT and cloud technologies many years ago. "Investment to plan the technology and build the technology for IoT and cloud started several years ago. The investment in artificial intelligence started several years back," he said, adding that "we believe we have a very competitive portfolio". The company has announced to launch the second edition of its voice-powered digital assistant 'Bixby' by the next year that will work on multiple devices, including televisions and refrigerators. In India, the government has formed a high-level forum with an aim to start 5G service by 2020, a technology that will deliver the wireless broadband speed of about 10,000 Mbps in urban areas and 1,000 Mbps in rural belts. This 5G spectrum is used for IoT to control and operate devices.
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