IoT Trends in 2018

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As per Forrester Research, in 2018 IoT will grow from experimentation to business scale. Which means that IoT will bring more value proposition to the customer, IoT infrastructure will be more focused on edge development, developers will have a significant impact on platform and security will be a major concern.

This is what is expected in 2018:

  • Rolling out of voice-based services to consumers.
    Amazon Alexa or Google Assistant is gaining huge popularity. More and more devices will open marketers’ eyes to new ways of interacting with customers. To make more intimate brand experience, they will extend their technology strategy to include new interfaces with smart home speakers or smartwatches.

  • Wearable still be the niche.
    High demand towards wearable e.g. smartwatch, health& fitness band & clothing will still be there.

  • Key use cases will drive a spike in the deployment of edge solutions.
    Today’s, IoT-enabled business solutions are primarily deployed in on-premises data centers or in the cloud. In 2018, there will be a significant momentum among firms deploying business processes which require local data analysis close to the connected devices that enable these processes. This will improve latency.

  • Developers will pursue device integration via public cloud IoT platform services.
    IoT developer’s need for low adoption costs, quick deployment for prototyping, global reach, easy integration with systems of record and engagement and a minimal maintenance burden will drive to accelerated IoT platform adoption from public cloud providers.

  • IoT will be at the center of broader and more damaging cyber attacks.
    Even though IoT security awareness is growing but customer experience, cost, and time-to-market requirements continue to take precedence over security requirements. This making it challenging to implement strong security controls.  Sometimes even leaves specific security functionality out of final production deployments. As a result of that more & more IoT-related attacks are expected both on endpoint devices and on the cloud backplane as hackers seek to compromise systems to extract sensitive data.

  • Blockchain-based IoT adoption rises to 5%.
    Security is still the weak link of the internet of things. Implementation of blockchain will ensure that data will not reside in any single location (it will be present in all the nodes of the chain) – and that, in turn, will mean that the shady hackers will not get a single point of attack. The blockchain is not yet ready for large-scale deployments requiring reliability, stability and seamless integration with existing technology infrastructure. But now various pilot projects are beginning to emerge and the maturation of IoT and blockchain technologies and products will drive blockchain adoption in 2018.

  • Commercializing IoT data – data economy.
    Govt is making policies to make IoT data available for analytics. In US enterprise as of today, 45% of data and analytics related decision-makers say they already commercialize their data, whereas only 35% of those at French and 38% at German enterprises do so. Recognizing this, the European Commission will issue guidelines to encourage the use of advanced technology and spark the data economy.

  • Expansion of Number of Devices.
    IoT is a digital nervous system with connecting devices together and exchanging data – in 2018, there will be even more interconnected devices. And it’s not only mobile phones and laptops – there will be more “smart” devices that we use daily, like smart doors, smart locks, smart jar, smart fork and much more.

  • Smart Homes
    Smart home devices allow the owners to control and monitor home, access control, security, and energy efficiency. Many brands in smart homes are collaborating over a variety of appliances to make them smarter, more efficient and secure. Many devices such as Nest, Hiku, Vessyl, and Notion are adding real convenience to everyone’s lives in the best ways possible.

  • Smart cities
    With IoT, devices can now be highly interconnected. Smart cities are being planned for well beings of citizens. As a part of this, smart energy & water management, smart traffic system, smart garbage collection, smart parking solutions are on the rise. With an aim of linking intelligence and information with devices, various Govt. and private companies are working together to establish a network of interconnected devices and build the overall ecosystem.

  • Increased adoption in Healthcare Industry
    Smart healthcare is one area where IoT will have a deep penetration. E.g. Smart beds are for now being implemented in few hospitals that can detect the patient’s movements and adjust the height accordingly so that there is no need of nurses or any human intervention. Home medication dispensers coming up which track if medication is taken on time or not with the help of the data stored in the cloud. Health information trackers helping with patient-physician interaction are also paving up ways for smarter devices to deliver great results in the field of healthcare.

  • Big Data and AI
    Since there will be more smart devices and we will use IoT much more than we do now, the amount of processed data will grow, too. So, we will have to work with Big Data a lot and thus we will have to think of resources that would enable us to process and analyze it correctly. Here, artificial intelligence and machine learning will come in handy because with these technologies, we will be receiving more precise results and analytics in comparison to calculations performed by manpower.

  • LPWAN and IoT will be a big hit pair
    IoT applications and hardware when using existing cellular networks have ended up with a lot of problems in terms of cost, performance, processor performance, speed and several other parameters. In 2018, low-power wide area networks (LPWANs) will emerge as a viable alternative. These networks typically deliver excellent battery juice (>10 years), while the endpoint hardware costs are also pretty low (on average, $4-$5). Nationwide coverage is available wherever required (Semtech’s LoRa technology powers countries like Canada, France, Netherlands, Italy, Belgium, and others). The low throughput rates and the top-class coverage (12-15 km in urban locations; less in rural areas) also make a difference. Sigfox is another LPWAN technology that can play an important role in the growth of IoT in the foreseeable future. Narrowband-IoT (NB-IoT) also has its set of advantages.

  • Intelligent Video analytics
    Video analytics technology is transforming the Internet of Things and creating new opportunities across various industry verticals. This is a technology that is allowing cameras to recognize people, objects, and situations automatically and applies machine-learning algorithms to video feeds. These applications are relatively new, but there are many factors that are encouraging their growth, including the increased sophistication of analytical algorithms and lower costs for hardware, software, storage and ease of implementation.

Reference: Forrester Research

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