Intel is partnering with the Beijing Municipal Government and the Institute of Automation of Chinese Academy of Sciences to establish a joint lab to explore the Internet of things, Intel announced Wednesday.
Intel said the three organizations plan to invest $31.7 million for research and development over the next five years.
The organizations are launching the China Intel Internet of Things Joint Lab in order to conduct research on the global technology developments resulting from the Internet of things.
The Santa Clara, Ca.-based company said IoT consists of various connected devices interacting and organizing data over a secure and intelligent network.
The organizations will conduct research IoT-related sensing, networking and processing in order to solve computing, storage and communications concerns, Intel said.
Tan Tieniu, director of National Laboratory of Pattern Recognition Institute of Automation of Chinese Academy of Sciences and Jesse Fang, vice president of Intel Labs and managing director of Intel Labs China were selected as the project’s co-presidents.
Fang said the lab research will aim to enable new applications from personalized energy management to smart traffic control to smart cities.