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5 IoT Trends That 2018 Should Be Looking AT

In addition, CIOs should ensure they have the necessary skills and partners to support key emerging IoT trends and technologies, as, by 2023, the average CIO will be responsible for more than three times as many endpoints as this year.

5 IoT Trends That 2018 Should Be Looking AT


The sensor market will evolve continuously through 2023. New sensors will enable a wider range of situations and events to be detected, current sensors will fall in price to become more affordable or will be packaged in new ways to support new applications, and new algorithms will emerge to deduce more information from current sensor technologies. CIOs should ensure their teams are monitoring sensor innovations to identify those that might assist new opportunities and business innovation.

The 35 must-watch technologies represented on the Gartner Inc. Hype Cycle for Emerging Technologies, 2018 revealed five distinct emerging technology trends that will blur the lines between humans and machines. Emerging technologies, such as artificial intelligence (AI), play a critical role in enabling companies to be ubiquitous, always available, and connected to business ecosystems to survive in the near future.

The Hype Cycle for Emerging Technologies report is the longest-running annual Gartner Hype Cycle, providing a cross-industry perspective on the technologies and trends that business strategists, chief innovation officers, R&D leaders, entrepreneurs, global market developers and emerging-technology teams should consider in developing emerging-technology portfolios.

The Hype Cycle for Emerging Technologies is unique among most Gartner Hype Cycles because it garners insights from more than 2,000 technologies into a succinct set of 35 emerging technologies and trends. This Hype Cycle specifically focuses on the set of technologies that is showing promise in delivering a high degree of competitive advantage over the next five to 10 years (see Figure 1).

2017 has gone and we have to think about the impacts of various technologies that affect our lives in various areas. Certainly, 2017 was the year of technological advancements and this trend should be going on the next year. If we talk about IoT, it has witnessed a sudden upsurge in 2017 and the experts are predicting the same for the future as well. by 2020, nearly 20 billion devices are going to be connected with Internet Of Things and the IoT businessmen are expected to do a business of 300 billion dollars.

Healthcare is a truly important sector that should adopt the applications of IoT and in fact, this sector has started to use the features of IoT. Health professionals and health seekers are experiencing a huge need for medical smart devices, such as monitors, wearable devices, sensors, and other medical equipment.

What is clear, is that the IT industry has expanded since the Great Recession, outpacing the value-add contributions of goods-producing industries to gross domestic output (Figure 5). Declining prominence in goods-producing sectors is not exclusive to the U.S., in fact this trajectory is consistent with similar trends in OECD peer countries and other advanced economies.

Analyzing aggregate growth trends in the IT industry provides a useful but incomplete picture of the sub-industries that are critical to its growth and the broader economy. The industry is composed of three major sub-industry groups with related yet distinct core production activities: semi-conductors and semi-conductor equipment, software and services, and technological hardware and equipment.

Cloud-based technologies represent another game-changing opportunity for small businesses, offering access to new markets and bringing unexpected benefits to the value chain. Lund and Tyson (2018) point out that the benefits of digital technologies in the small business ecosystem carry implications for global trade patterns. They further contend that online marketplaces/platforms are critical mechanisms for trade growth, especially as smaller transactions increase in scale and relevance for economic growth. The evolutionary rise of micro-multinational enterprises with access to new markets has been made possible thanks to retail intermediaries such as Amazon in the U.S. and Alibaba in China, which host 2.0 million and 10.0 million third-party sellers (micro-multinational enterprises), respectively.

ICT technologies are essential productivity and growth inputs, but fully exploiting the potential of digital technologies is predicated on a capable workforce that can convert technical knowledge into productive outputs. Growth trends in ICT sectors worldwide and a highly skilled workforce shape management decisions when choosing corporate headquarters and manufacturing centers. For example, in an interview with Fortune Global Forum, Apple CEO Tim Cook emphasized the importance of a highly skilled workforce in attracting manufacturing business:

In August 2018, Toyota Tsusho began a partnership with Microsoft to create fish farming tools using the Microsoft Azure application suite for IoT technologies related to water management. Developed in part by researchers from Kindai University, the water pump mechanisms use artificial intelligence to count the number of fish on a conveyor belt, analyze the number of fish, and deduce the effectiveness of water flow from the data the fish provide.[77] The FarmBeats project[78] from Microsoft Research that uses TV white space to connect farms is also a part of the Azure Marketplace now.[79]

Some scholars and activists argue that the IoT can be used to create new models of civic engagement if device networks can be open to user control and inter-operable platforms. Philip N. Howard, a professor and author, writes that political life in both democracies and authoritarian regimes will be shaped by the way the IoT will be used for civic engagement. For that to happen, he argues that any connected device should be able to divulge a list of the "ultimate beneficiaries" of its sensor data and that individual citizens should be able to add new organisations to the beneficiary list. In addition, he argues that civil society groups need to start developing their IoT strategy for making use of data and engaging with the public.[199]

Approved on 28 September 2018, California Senate Bill No. 327[210] goes into effect on 1 January 2020. The bill requires "a manufacturer of a connected device, as those terms are defined, to equip the device with a reasonable security feature or features that are appropriate to the nature and function of the device, appropriate to the information it may collect, contain, or transmit, and designed to protect the device and any information contained therein from unauthorized access, destruction, use, modification, or disclosure,"

Owners should be free to point their devices to a different server or collaborate on improved software. But such action violates the United States DMCA section 1201, which only has an exemption for "local use". This forces tinkerers who want to keep using their own equipment into a legal grey area. EFF thinks buyers should refuse electronics and software that prioritize the manufacturer's wishes above their own.[285]

Fundamentally there are 4 security objectives that the IoT system requires: (1) data confidentiality: unauthorized parties cannot have access to the transmitted and stored data; (2) data integrity: intentional and unintentional corruption of transmitted and stored data must be detected; (3) non-repudiation: the sender cannot deny having sent a given message; (4) data availability: the transmitted and stored data should be available to authorized parties even with the denial-of-service (DOS) attacks.[297]

One strong focus of AI activity in 2023 will be around the augmentation of workers. Although AI will inevitably lead to the disappearance of some types of human jobs, new ones will emerge to replace them. Responsible, forward-looking employers will increasingly think about navigating this change by enabling workforces to fully leverage the new tools that are available to them.

What changes need to be incorporated depends by far on what devices you are focusing on, what size your target market is, and, most importantly, what industry you operate in. Even though some general IoT current trends are quite visible across all the industries, the industry-specific predictions should not be overlooked. Be it the 2020 industrial IoT trends like the ones peculiar to manufacturing, or those that are attributed to the healthcare or transportation industries.

One way or another, these industry-specific Internet of Things future trends are the particular instances of the universal trends in IoT applications that we are going to address below. Recently, Gartner has highlighted the top 10 IoT trends to explore in 2020. These trends are:

The list of emerging trends in IoT would be incomplete without mentioning Artificial Intelligence. In the most complex instances, the combinations of the Internet of Things, blockchain, and artificial intelligence occur (the IBM case.) The increase in data is indeed one of the strongest triggers of changes that underlie most of the IoT industry trends.

All the above trends in the Internet of Things will eventually make businesses increase their expenditures on IoT projects. The Internet of Things trends are inducing capitalists to believe that their money must be poured into sensor-based technologies. IoT is promising to make the customer experience better in about any existing industry (and even in entirely new ones.)

IoT is not implemented in one go. It is an incremental process that gives an incentive to nearly universal digital transformations. IoT trends 2020 promises to put a spotlight on in both consumer and industrial fields prove that the future has already begun and the technology will keep changing our lives. You are inevitably going to face some challenges. Thus, to successfully adjust business processes to the new capabilities, you should get an in-depth understanding of the IoT latest trends and the hurdles they may entail first. Then, it will be easier for you to address those difficulties, extracting and maximizing value from this knowledge. 041b061a72


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