Samsung’s Joyent buy is a swipe at AWS and Microsoft Azure

The Internet of Things is as much about computing as it is about the “things” themselves, and that’s why Samsung Electronics is buying Joyent.

At first glance, a maker of smartphones, home appliances and wearables doesn’t seem like it would need a cloud computing company. But so-called smart objects rely on a lot of number-crunching behind the scenes. A connected security camera can’t handle all its video storage and image analysis by itself, for example, and that’s where cloud services come in.

The real money in IoT will be in the services more than the devices themselves, research firm Gartner says. It’s not entirely up to Samsung to deliver services its devices, but the company sees an opportunity there.

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