What are the key trends in IoT?
Who better to answer this question than the NEJAVI leadership team!
One of the key trends that IoT can help with is security. The cost needs to be comparable with other technologies where security is built into the product and solution. Although vendors invest in security today, they don't always plan out the whole architectural view and not all vendors or partners have the right security skills.
Organizations often scale without fully putting in the security measures necessary so the future of IoT will always have to have a security element in it. IT administrators, CIOs and the business teams must work together to ensure they drive and support the policies and procedures for IoT security and push vendors to develop better security practices. Security being of the utmost importance with respect to customer confidence. IOT will also see growth empowered by three key further emerging technologies:
Artificial Intelligence (AI) Programmable functions and systems that enable devices to learn, reason, and process information like humans.
5G Networks Fifth generation mobile networks with high-speed, near-zero lag for real time data processing.
Big Data Enormous volumes of data processed from numerous internet-connected sources.
The obvious and key trend I’ve seen personally is being able to access much better data and analytics. This is helping us work with clients within the region on making better informed decisions.
Another trend I am seeing in both the commercial sectors and residential sectors is the ability to utilise IoT and the predictive themes for maintenance. Predictive maintenance has existed prior, but with some smarter technologies and the ability to deep dive into buildings is allowing us to capture issues before they arise.
Other than that, we are all waiting to see how 5G aligns with the major carriers, the market and what sort of affect that has on the industry. We are all interested to see what ability it has to drive more data and what the future holds for that space.
I think the biggest trend we see is the demand for simplicity for end user customers. They are looking for ease of use, very minimal integration efforts, and solutions that just work without reinventing years of internal processes, or legacy systems. There is a big demand to see more compute at the edge, which will drive a host of new analytics and insights that will ultimately drive value for customers who act on this new data.
In buildings, the transition of value in controls from installation and commissioning to software configuration is huge. Customers are becoming aware that they have very powerful software options available to them and that often time controls companies are not optimising their buildings. Customers later pay for this service again to achieve a smart building. Also on the IoT technology cutting edge, data is about to become gold. The ways suppliers and consumers interact to trade on that data is an emerging market just ready to be harvested. It’s going to be exciting.
Do you agree, or are there other trends that you've seen?