SANTA CLARA, Calif. – Qualcomm is developing a "portfolio" of chips for the Internet of Things, said the company's new chief executive at a keynote here. At the same event the head of IBM's Watson group talked about market and technology directions the group is pursing.
As "an extension of our business... we are building a portfolio of products and technologies" for the IoT, said Steve Mollenkopf, Qualcomm's CEO, although he chafed at the term IoT. "It means different things to different people and it means nothing to a lot of people," he said in at the annual TIE Con event here.
He defined IoT as the new "edge of the network...[that has] a lot of surface area [and]... is a very wide open space [that] looks different than the phone space."
More specifically, it's still early days for wearables, he added, noting non-technical problems in security/privacy and fashion marketing.
"People come out with devices that don’t work, but that means innovation is happening -- someone will work it out," he said. "You don’t want to bat 1,000 because that means you are not setting your ambitions high enough," he added.
For its part, Qualcomm is "at a point where we are trying to figure out what's next for the company... we're in a ringside seat to a lot of changes in the industry," he said. Interestingly, he noted the company is essentially in two businesses, making chips and intellectual property and the licensing group is "where most of profits come from."
In a separate talk here, the head of IBM's Watson group discussed the road ahead for the company's software, suggesting the intellectual property in big data will be the center of profit for many companies.
Former AT&T Wireless CEO Mohan Gyani (left) makes a point at the TIE Con keynote with Qualcomm's CEO Steve Mollenkopf.
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