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7 Internet of Things (IoT) Trends

Date post:16-Apr-2017
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7 Internet of Things (IoT) Trends

Heres a lookIoT definitionsMarket ForecastsPotential standards and challenges facing CIOsChief Data Officers (CDOs)Who hope to make business sense of data from all types of devices

Internet of Things (IoT) DefinitionThe Internet of Things (IoT) involves embedded computing devices interconnected with the existing Internet infrastructure

Built-in sensorsSmart thermostatsHome appliances that are networked for remote monitoring


Internet of Things (IoT) Market SizeGartner Predicts: (IoT) will include 26 billion units installed by 2020Gartner Forecasts: IoT product and service suppliers will generate incremental revenue exceeding $300 billion, mostly in servicesCisco: the Internet of Everything. There will be more mobile devices and smartphones connected than the total global population by 2015.Cisco Forecasts: By 2020, more than 5 billion people will be connected, not to mention 50 billion things.

Internet of Things (IoT) StandardsKey IoT standards initiatives are underway at the IEEE Standards Association (IEEE-SA)For IoT to really thrive, vendors and customers will need to embrace open standards that improve device monitoring and management; big data information gathering and analytics; and overall network communications

IoT Security ConsiderationsThe increasing digitization and automation of the multitudes of devices deployed across different areas of modern urban environments are set to create new security challenges to many industries

IoT People & Process ConsiderationsSignificant security challenges will remain as the big data created as a result of the deployment of myriad devices will drastically increase security complexity

IoT Consumer Privacy Considerations

Smart Metering equipment and increasingly digitized automobiles, there will be a vast amount of data providing information on users personal use of devices that, if not secured, can give rise to breaches of privacy

IoT Data Management ConsiderationsThe impact of the IoT on storage is two-pronged in types of data to be stored: personal data (Consumer-Driven) and big data (Enterprise-Driven). As apps and devices continue to learn about the user, significant data will be generated

SourcesCisco SystemsGEInformation-ManagementGartner

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