Foxconn will provide platform services through Internet of Things industrial networks

Foxconn will provide platform services through the Internet of Things industrial networks

Foxconn continues to advance on its path to becoming a company more oriented to the provision of platform services, and not so much in the manufacture of hardware. For this, as confirmed by its President, Terry Gou, in statements collected by Digitimes, its board has decided to give priority, in the short term, to the development of the networks that the Internet of Things Industrial ( IIOT ) that it plans to build.

Gou confirmed this during his recent meeting with the company’s investors. During the same, the shareholders of the company have approved the plan that has been presented to them by Foxconn’s management so that its subsidiary dedicated to the Internet of Things, Foxconn Industrial Internet (FII), will soon open the stock market. Specifically, in the Shanghai stock market.

The President of Foxconn also stressed that, given the huge amount of industrial data that they produce on a daily basis, the fact of building an Internet of Things platform with this data, once analyzed, as a basis, could help manufacturers to improve the efficiency of its production, as well as its production rates. Gou has ensured that the company will open this data so that they can be used by both small and medium-sized companies.

With this IPO, the group will have it easier to accelerate their transformation plans into a company more focused on the Internet of Things and on the data generated by the devices that fall into this category. In this way, and with the help of this advance, Foxconn also hopes to advance in other technologies and related applications, such as Artificial Intelligence and its analytical, deep learning and machine learning.

In addition to the Industrial Internet of Things, Foxconn also plans to launch other IoT networks prepared and designed for health and safety. Those responsible expect to have them ready within two or three years. Of course, to be able to carry out all these advances, the group needs to have new and dedicated facilities. Therefore, it has decided to set up research and development centres in Taiwan, Japan, China and the United States. In them, they will be responsible, among other things, for research into technologies related to Artificial Intelligence.