2016 has certainly been an exciting year in the burgeoning IoT space. Yet 2017 is expected to be even better; a recent note from 451 Research argues that seven in 10 enterprise IT buyers are now gathering IoT data, a figure expected to rise even further in 12 months’ time.
Below, IoT Tech News has put together a series of predictions from experts at the sharp end of the industry. Agree or disagree? Let us know in the comments.
1. Real world cases will cause IoT to go mainstream
Nicolas Chalvin, VP M2M Solutions & Services, Gemalto
“We’re all aware of the benefits of IoT, and how it is set to make tasks quicker and easier. But these intuitively connected cars, fridges and utility devices haven’t really gone mainstream yet, and they won’t until an IoT standard is introduced. That’s because the connected nature of these devices means they all need to be talking to and understanding each other. If manufacturers don’t make their products interoperable with one another, the IoT is doomed to fail.
“In 2017, we’ll see manufacturers start to work closer with one another to enable the IoT truly take off. This could even result in new roles amongst tech companies, as ambassadors from both brands seek to cooperate to ensure that consumers gain the best experience when using smart devices. Once the standard is in place, we’ll start to see the take-off of industry 4.0, with connected devices in place in the medical, agricultural, automotive and utility industries.”
2. Big data for IoT continues to mature
Sanjay Khatri, global director of product marketing, Cisco Jasper
“Big data and IoT are often considered in isolation from one another, but there is a huge overlap. As IoT gains momentum, the volume of data generated will be stratospheric. Not only will there be more data, but there will be different types of data, and data from sources that have yet to been considered.
“All of this Big IoT data will generate big revenue, as big data analytics will evolve into a distributed model, ripe for monetisation. We will see more devices capable of analysing data locally, processing and capturing the most important data for more real-time IoT services.”
3. IoT will further enable renewable and decentralised energy resources
Oleg Logvinov, President & CEO, IOTecha; IEEE Internet Initiative Chair; IEEE P2413 Working Group Chair
“In 2017 we will continue to see the shift from the centralized control to decentralized orchestration enabled by IoT. The energy sector is a great place to start. Proliferation of renewable and decentralized energy resources, energy storage, and electric vehicles transforms the operation of the grid and demands near real-time management of power generation and consumption.
“Transactive Energy approach empowers each device (producer or consumer) to make decisions whether to produce, consume, or standby. This would not be possible without IoT.”
4. IoT and enterprise data architecture
Dr. Paul Terry, president and CEO, PHEMI
“In 2017, expect to see more enterprises moving to data management architectures that deliver analytics-ready data, combining and linking data from existing sources like their enterprise data warehouse, but also from big data systems that can accommodate heterogeneous data sources like IoT, social networking data, images, and website logs.
“Concurrently, amidst growing demand for big data privacy and governance, turnkey big data warehouse solutions, particularly those that offer a managed service cloud alternative, will help enterprises overcome previous roadblocks to implementing a big data strategy. In turn, the uptick in big data utilization, and programming frameworks like Apache Spark, will enable more powerful methods of inquiry on much larger and more diverse datasets.”