Proving the Business Case for the Internet of Things

Digi forecasts major take-off for IoT in 2019

Steve Rogerson
November 13, 2018
Market growth and IoT technology development in 2018 will act as the launching pad for real widespread changes in 2019 that will see machine learning, blockchain and other transformational technologies mature from largely theoretical opportunities into actual use cases, according to Digi.
With the proliferation of edge computing capabilities, machine learning will become the table stakes for IoT applications due to its ability to make applications and devices smarter while maintaining controllability and functionality. True AI, meanwhile, still scares developers due to its non-deterministic nature and the uncertainty it can create outside a cloud environment.
Since blockchain hit the public consciousness with the growth of cryptocurrencies, its other potential applications have been a constant topic of conversation. Those will turn into a reality as IoT developers have gathered the expertise needed to deploy blockchain for operational and usability systems.
Between larger populations and rising tech expectations, smart cities will turn their focus from incremental IoT-based improvements to taking big swings to improve quality of life. First and foremost, fighting congestion and serving an on-demand lifestyle by making its transit options smarter and more user friendly.
People across generations are becoming more and more comfortable with connected health devices – just look at the Apple Watch’s evolution from a glorified pedometer to its latest iteration with an ECG function. The connected health market is set to boom as major healthcare and biometric companies leverage IoT infrastructure and a more positive public outlook than ever before, says Digi.
Technology consultancy DataArt has also made its IoT predictions for 2019, a year it says promises to be a significantly transformative year.
Specifically, it says devices will become more and more powerful enabling local data processing and AI capabilities. This will reduce data transfer volumes and cloud dependencies and will provide more flexibility and agility for business. Edge computing will significantly affect those industries where immediate action is needed based on complex real-time data analysis such as manufacturing and public security and where cloud connectivity may be restricted such as shipping and logistics.
A key step towards the transformation of the industry, the race will be on to develop the smartest and most secure IoT services. Industry experts will focus on tackling the major security concerns and vulnerabilities surrounding the IoT that have thus far subdued widespread adoption.
It predicts intensified competition from industry giants such as AWS, Microsoft and Google, as large IoT platforms become the norm. These big players will acquire a large portion of the market and will continue to increase their footprint as organisations flock to them for the promise of simplification at scale. While big IoT platforms battle for market share, smaller players will focus on niche areas to survive, for example data movement, industry-specific challenges and certain types of devices.
Across industries, smart devices will become decisively more popular. There will be a sharp rise in smart devices in a wide range of areas including automotive, transportation, healthcare, hospitality and manufacturing.
Data are becoming the lifeblood of the automotive industry. The automotive industry will continue to adopt IoT technologies progressively to enable vehicles to gather and monitor data seamlessly and communicate with smart city services and other vehicles. As a result, the automotive industry will shift further towards data-driven business models. The consultancy can see the shift specifically with OEMs that are investing significant amounts of money in innovative start-ups to analyse and process data.
One of the most anticipated technology trends in the industry, 5G networks will usher in a new era for IoT, supporting an increasingly interconnected world that will drive IoT innovation further. It will allow gathering, managing and analysing data almost in real time. The 5G rollout will also significantly broaden the IoT market into areas where time and bandwidth speed are crucial, unlocking unrealised revenue and potential.
“In a few years, the IoT has had a profound effect on the day-to-day world we live in and the hotly anticipated rollout of 5G promises to dramatically alter the IoT world in the coming year,” said DataArt. “From reshaping how we drive to managing our cities to transforming entire industries, 2019 will be a busy year for IoT.”