We’re at the beginning of another exciting year for IoT! Before we continue with the trends for 2018, let’s look at 2017 predictions.
- AI becomes mainstream (with IoT) This was spot on & further takes shape with the advancement of the The Fourth Industrial Revolution. With wide adoption & convergence of AI with other emerging technologies, AI is changing the landscape on fueling new IoT products & services. Other notable news in 2017 for AI includes autonomous cars, integration with blockchain or DLT, a country awarding citizen-ship to an AI Robot etc.
- 5G Unfortunately, we have not seen any large commercial launch for 5G globally but a hive of activities in pilots & trials around the world. In the USA, the FCC on 14th July 2016 adopted new rules to enable rapid development and deployment of next generation 5G technologies. Korea is seeking leadership in 5G by introducing the prospect of an et agreed international technical specifications for the 2020 summer Olympic games in Tokyo. In Europe, the European Commission has recently released its “5G Action Plan” aimed at aligning roadmaps and priorities for a coordinated 5G deployment across all European Union Member States, targeting early network introduction by 2018.
- IoT Platforms According to IDC, $674 billion that was spent on IoT in 2017, an average growth of 14%. The number of IoT platforms increased as expected, but we also seen some consolidations, especially smaller players or start-ups being absorbed by larger companies. There are currently about 450 platforms in play, according to IoT Analytics, up from 260 in 2015. Some of the Global IoT Platforms Market are – PTC (ThingWorx), Cisco (Jasper), Microsoft, Google, IBM, Intel, SAP, Oracle, Amazon, Telit, General Electric, Gemalto, Zebra Technologies, AT&T, Xively (LogMeIn), Aeris, Exosite, Particle, Ayla Networks, relayr, Bosch Software Innovations, Teezle, Altair Engineering(Carriots) etc.
IoT Trends in 2018
- AI & IoT adoption continues to dominate the scenes & create value to new digital services & applications. Designed-for-AI specialized SoC’s will appear along with the adoption of edge/fog computing to augment the limitation in infrastructure speed in some cases while 5G adoption will be picking-up to create real-time or short latency applications that enables fast, autonomous real-time decision making driven by massive sensor data & AI for robotics, autonomous vehicles & Industrial Internet of Things. With the exponential advancement in AI, we will be able to realize the quickly insights & data generated by IoT. The below “quote” is automatically generated by “http://inspirobot.me/” an AI-powered inspirational quote generator!
- IoT security Early in the year, serious vulnerabilities called “Meltdown” & “Spectre” have been uncovered (or been covered ) These vulnerabilities affects almost all microprocessors used widely in the industry, technically affecting most servers, PC’s, laptop’s, smartphones, embedded systems etc. Systems affected by these vulnerabilities are also unlikely to be protected by Anti-Virus software & experts worldwide are still scrambling to protect & patch vulnerable systems. More info about both vulnerabilities here https://meltdownattack.com/ We have yet to see any widespread malwares utilizing these vulnerabilities yet, however, if it does, it would have devastating effects on the industry, especially further adoption in IoT.
- Bitcoin has been a rage, especially 2nd half of 2017 with the meteoric rise in prices. With crypto-assets “coming-of-age”, there will be continued interest in them & the focus will on other Alt-coins such as ETH,XRP,DASH,BTG,ZEC,IOTA,ADA etc. The total number of Alt-coins is > 1,400++ & growing! Along with the application of Blockchain (the technology behind bitcoin & other crypt-currencies that’s going to disrupt many industries http://futurethinkers.org/industries-blockchain-disrupt/ ), look out for other DLT (Distributed Ledger Technologies) such as Hashgraph, Tangle, or DAG-chain looking to address the scalability,cost & energy issues required in current blockchain technologies implemented.
- HoT With the emergence of LPWAN & other connectivity technologies (Li-Fi, IR etc.), mobile devices, 4G/5G etc. we’re able to connect more & more “Things” to create the Hypernet-of-Things. There will be renewed interest in inter-connectivity standards, that’s built-in with security features, scalability & fault-tolerance to improve easier connectivity between “things”. For digitizing businesses, supply chains & managing assets, 2018 will be an exciting year ahead for IoT!