Once a niche technology for startups, the Internet of Things (IoT) is now a technology on which billion-dollar enterprises are building their futures. It has already changed the way we live and there’s a great deal on the horizon. Here are the top IoT predictions for 2019.
Devices will enable local data processing and AI capabilities as they become more and more powerful, also reducing data transfers volumes and cloud dependencies. This will provide more flexibility and agility for business. The industries where immediate action is needed based on complex real-time data analysis (manufacturing, public security) and where cloud connectivity may be restricted (shipping and logistics) will be significantly affected by edge computing.
The Security Race Heats Up
The race to develop the most secure IoT solutions will be on, a key step towards the transformation of the industry. Industry experts will focus on tackling the major security concerns and vulnerabilities surrounding IoT that have thus far subdued widespread adoption.
Big Players Will Dominate
Competition from industry giants such as AWS, Microsoft, and Google will intensify as large IoT platforms become the norm. They will acquire a large portion of the market and continue to increase their footprint organizations flock to them for the promise of simplification at scale. We’ll also see smaller players focus on niche areas to survive (e.g. data movement, industry-specific challenges, certain types of devices, etc.).
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