This is the amount of money that Samsung plans to spend on equipment this year. Since they are a Korean company, they don't spend dollars, they spend won. The author converted it to dollars for us so that we can relate to how much money it is.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.