Applied Materials hosted an Open Innovation Workshop in Shanghai where company experts joined industry and academic leaders to explore how materials engineering can help transform sectors of the global economy.
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.
On January 8, I spoke at Applied Materials headquarters in Santa Clara, California to a packed room about the status of electrical energy storage. Energy storage is the limiting technology for renewable energy, such as wind and solar, and particularly for the next generation of hybrid electric vehicles, the plug-in hybrid electric vehicle (PHEV).