As part of its growth focus for Applied Materials, the Office of the CTO (Chief Technology Officer) aims to do the following:
Identify, incubate and commercialize growth opportunities in new and adjacent markets
Build a culture of open innovation at Applied Materials
Address market inflections and high value problems through differentiated solutions
Shape the future of our growth markets worldwide
The Internet-of-Things (IoT), the concept of connecting physical objects to each other and to the internet through sensors within or attached to the objects, is a key market inflection that is opening up new opportunities and ways of obtaining information. Cisco Systems estimates there will be 50 billion connected devices by 2020—creating a tidal wave of data! Wearable Computing or “wearables” is a small but rapidly growing segment within the IoT space and is one of the potential killer applications that could fuel IoT.