IoT Solution World Congress in Barcelona is around the corner, and we will be there. So, we imagined that you could benefit from a trendspotting listicle, just in case you can’t make it to Barcelona.
It’s never easy to predict the future - however, by the looks of it, the IoT continues to propel to new and greater heights in 2018.
The ultra-rapid amplification of IoT gadgets has just begun. In no time the Internet of Things (IoT) has spread across the world and connected millions of people with their things. And things with other things. Most likely - this is just a start. Research firm IHS forecasts that the IoT will reach an astounding 75 billion devices by 2025.
We have identified 6 trends in IoT that are super hot right now!
1. Re-shaping healthcare
One of the largest impacts the IoT could have in 2018 is in wearable healthcare. As the world’s population grows, hospitals and other health related areas see an ever increasing amount of patients who need care. The IoT can provide networked gadgets which, for example, reminds patients when to take their medicine, prevent elderly people to fall and alert when a person’s blood pressure level is too high.
2. Low Power Area Networks (LPWAN)
A crucial tech-trend is the use of low power wide area network (LPWAN) technologies like Sigfox, LoRa and NB-IoT. These technologies provide exceedingly extended battery life-span life for wireless sensors on the edge of the networks among other things. The implementation and standardising of LPWAN will play a fundamental role when it comes to safety, power consumption and cost for IoT.
3. Edge computing, AI on the edge
Analysts (IDC and Gartner), semi-conductor giants (ARM and Qualcomm), software giants (Microsoft) and leading VC firms (Andressen Horowitz) all agree, the trend is that computing power and intelligence is moving from the cloud to the edge.
4. Dealing with the Challenges and Threats
Not all trends in the IoT are happy-go-lucky. New network security challenges are emerging alongside the growth of connected devices. Hackers and other ill-willed entities have discovered the under-developed security measurements in IoT. One devastating example is the global WannaCry and NotPetya ransomware attack, which hit nearly 100 countries and some of the world’s largest organisations this June.
Blockchain technology could be the answer to the security, scalability, privacy, and reliability bugaboos in IoT. The tech is by no means mainstream yet, but has the potential to become more widely accepted in 2018. Blockchain technology stands for a decentralized “peer-to-peer” approach (i.e., not one giant computer containing all data) which could enable a more resilient ecosystem for devices to run on.
6. More money in new areas of innovative IoT and AI-tech
Investors and large enterprise companies has already taken notice of the IoT and AI-applications and will continue to do so more than ever in 2018. This is good news for the funding of innovation in IoT development.
According to a Forrester survey, IoT and AI startups will have more access to capital in 2018. Utilities, manufacturing, transportation and a multitude of other industries are standing by to invest and benefit from the IoT beginning next year.
At Imagimob, we are of course having a bright outlook on the future!