By Now, you probably have come to terms with our technology magazine's coverage of all things IoT and Connected World. What happens when our tech-savvy magazine editors decide to go all out and get 60 of the Top Of The Top Industry Thought Leaders to give their view on the hottest and happening trends in the world of IOT & Connected Future? You guessed it right! An amazing and fascinating insight right through their eyes and a fantastic read for us mere mortals and our ardent readers. Jump in, grab a cup of coffee to sip and just immerse yourself. This is epic!
Without further adieu, lets dive right in!
Bio - Guneet Bedi is a seasoned technology executive with experience and demonstrated successes in global technology companies across enterprise software, IoT applications and computer networking industry. Among others, his various roles span from product management and strategy & business development to pre-sales and software product development. Global experiences he brings to the table include Cisco Systems, Symantec Corporation, Oracle Corporation, and Telelogic AB (acquired by IBM’s Rational Software division). In his spare time, he is also a mentor to various early stage startups in Silicon Valley.
Guneet’s thoughts on Edge Computing in IoT
“One of the defining trends in IoT this year is the rise of edge computing. We’ve seen Google announce its Edge TPU hardware and Cloud IoT Edge software, which will bring advanced AI and machine-learning applications out of the cloud and put them on-site.
Edge computing will be an insane growth market over the next five years, and it will be driven by industrial IoT applications. Transportation systems, manufacturing environments, and smart cities require instant data analytics and feedback, and you can’t depend on the cloud for no-latency performance. A couple of seconds could make the difference between life and death.
Industrial applications also involve massive amounts of data in locations where connectivity can be a major challenge. If you start sending all that data to the cloud, your data costs will be enormous and you’ll end up harvesting too much data.
Keeping all these things in mind -- cost, connectivity, and latency -- a lot of people have realized in industrial consortiums that if you need to do IoT in industrial, you need to do a lot of processing via edge computing. Expect many more tech giants to follow Google’s lead -- and soon.”
Bio - My name is Sergio Flores, and I am currently leading the IoT product development efforts at Smartfrog, a Berlin-based start-up which is today one of the 10 most funded Internet of Things (IoT) companies worldwide and one of the 6 start-ups to watch in Europe since 2016, according to TechCrunch and Forbes. Smartfrog offers a revolutionary home security solution under a software as a service model. Previously, I also spent close to 10 years developing products for big corporations like Samsung Electronics and LG back in Seoul, South Korea. As result of that and based on my experience developing products I am confident I can bring enough industry background to your work.
My view is that Edge computing will be one of the top IoT trends for 2018. There is no doubt that cloud computing and IoT have entirely revolutionized several industries by enabling business models that were never thought possible in the past. In fact, ever since it was discovered that processing data from edge devices on the cloud could unlock millions of possibilities in different areas by increasing efficiency, settings like safety and security, monitoring and managing wellness, energy management, and many others have hugely benefited from it. Nevertheless, as the number of cloud-connected edge devices has increased significantly, so have the limitations of a cloud computing.
In the smart camera industry as an example, concerns like response time requirements, limited battery life, bandwidth constraints as well as data safety, have led us to a point where cloud computing is simply not enough. Edge computing, on the other hand, will enable us to achieve never-seen-before low latency data processing which will result in smarter cameras with integrated face recognition, object recognition, and smart motion detection algorithms which will not need to transmit vast amounts of raw data to a cloud in order to work. At the same time, edge computing will have a significant impact in helping us increase safety and security standards by reducing the flow of private physical data collected by camera sensors to an external entity and therefore resulting in enhanced protection of user privacy. All these together will enable us to not only deliver a wider range of reliable and secure IoT solutions to the market but also develop smarter scalable solutions across millions of devices which therefore will unlock much more potential in more prominent sectors like Smart cities and Autonomous vehicles.
Bio -Patrick Dai, founder of Qtum, Patrick graduated from Draper University and dropped out of his doctoral degree from the Chinese Academy of Sciences. Previously employed by Alibaba, and committed to the blockchain technology development, with abundant blockchain industry development experience
An open source blockchain network aiming to bridge the gap between blockchain and the enterprise, about the future of blockchain and the IoT? Patrick Dai, founder of Qtum, believes a blockchain powered IoT is the future. Blockchain technology presents an unparalleled opportunity to have connected devices operate securely and autonomously, while communicating and transacting with one another. - ‘Light wallets’ allow for the syncing of a variety of appliances and smart devices to the blockchain, operating them according to predetermined smart contracts. This allows the automation of different businesses and production workflows. - Additionally, ‘light wallets’ enable the industry to overcome one of the major hurdles of blockchain technology.
The lightweight app means there is no need to force each and every device connected to the IoT to act as a full blockchain node, you can enable smart devices to easily sync with the network on a low bandwidth/storage basis.Patrick believes right now we’re in the phase of understanding what use cases, reference architectures and smart contracts work best for IoT.
Through various collaborations the industry is looking at real-world integrations of smart devices and IoT sensors with a secure distributed ledger backend.
Bio -Rafi Zauer, head of marketing at Essence (www.essence-grp.com), which develops IoT devices for home safety, security and management and senior living.
Home safety, security and management as well as senior monitoring IoT devices will become more ubiquitous because they will be available from an ever-increasing number of channels. Beyond retailers and security companies, insurance companies and healthcare providers will start offering IoT devices for free or at lower cost to strengthen customer relationships and lower their own operating costs, such as claims reduction by detecting fire or falls as soon as they happen. The data collected by the IoT devices can provide an additional income stream, further reducing their dependence on hardware revenue
Bio –Aaron Oosterbaan runs the Internet-of-Things technology research lab at K4Connect. Constantly evaluating and keeping abreast of new devices and the latest electronics, he gained the nickname of “Gadget Guy.” He maintains relationships with dozens of electronics manufacturers, using his experience to help design products which are easy for older adults to use, and integrate into the K4Connect connected life platform.
"There will be a new generation of connected wearable devices that track our health. More than just heart rate, these wearables will track blood pressure, identify heart rhythm abnormalities, monitor sleep quality, respiration rate, metabolic rate, and more. The sensor technology is being driven by companies like Valencell, made into comfortable wearables by companies like Garmin, and integrated into monitoring platforms by companies like K4Connect.”
Bio –Ed Adams, president and CEO of Security Innovation, is a software quality and security expert with over 20 years of experience in the field. In addition to 15 years at the helm of Security Innovation, Ed is Research Fellow at The Ponemon Institute, serves on the board of several IT security organizations, and was named a Privacy by Design Ambassador by the Information and Privacy Commissioner of Canada. His thought leadership has directly benefited tens of thousands of security professionals at business and industry meetings across the world.
"IoT is continuing it sever-accelerating march across business markets -- in fact, there are already twice as many devices connected to the Internet than there are people on our planet. Due to the lack of security DNA of most organizations going from an offline to a connected world, this creates a massive attack surface. While website hacks can result in PII and monetary theft, attacks on IoT devices can result in personal safety issues where hackers could take control of automobiles, make remote changes to defibrillator or pacemaker settings or compromise energy plants. As a result, security budgets will continue to expand to meet this challenge -- In North America, expect to see an additional $1 billion spent on IoT security professional services in 2018.”
Bio –Mitchell Klein is a leader in smart home and IoT, dedicating his career to educating the industry, creating and implementing strategic business programs and leading companies that helped bring smart home and custom installation into the mainstream. Mitch’s career has included systems integration management to business strategy and development, but above all he is a 30+ year industry veteran in IoT, consumer electronics, home automation, and the integrator market
Security, voice adoption among IoT trends in 2018
IoT Security:As IoT grows across residential and commercial applications and interest in connected living increases, IoT leaders should be thinking about stronger security at the device and network level as well as interoperability among solutions to give consumers and businesses broader choice. As use cases for IoT technology expand into cities, businesses, healthcare and homes, more groups like the Z-Wave Alliance and the Consumer Technology Association (CTA) are raising awareness around IoT security and its importance for every player in the space.
Voice control: Contributing to the growth of IoT, major tech brands like Google, Apple and Amazon are pushing more into smart home via AI-powered smart speakers like Echo and Google Home. Today, nearly every IoT brand is looking at incorporating voice activated devices into their solutions to engage their consumers and expand the market. With their compelling features like entertainment, information and home control, smart speakers are now being used by nearly 46% of U.S. consumers according to Pew Research Center. We’re also seeing voice control expand into commercial applications like hospitality. Hotel guests have grown comfortable with voice-powered control at home and hotels are looking to make their properties feel just as high tech as home. It’s clear that AI-powered voice assistants will continue to have a positive impact on a variety of verticals in IoT and brands must pay attention to security and privacy to maintain trust and loyalty of their customers.
Bio –I am a Cybersecurity Partner at Schneider Downs and perform cyber consulting. ioT is on the forefront of our minds as it relates to risk for our clients. I believe we are on the verge of seeing very serious and dangerous widespread trends as it relates to ioT devices.
One of the top trends I am seeing is the affordability of of the Microcontroller Unit or MCU with wireless connectivity embedded in it. There are over 9 billion of MCU powered devices deployed every year, imagine if they all now had wireless capabilities to connect to the internet? The majority of manufacturers of these chips are not concerned with security and as these become cheaper and cheaper, we will see more and more household devices that are connected to the internet. Most household devices these days already have MCU's however, they are not wireless connected yet. If this isn't done properly, this could mean that many of these internet connected devices could have severe potential vulnerabilities. Imagine, for instance, a gas oven that is connected to the public internet with an operating system that has major vulnerabilities. This example could lead to major health and safety concerns if someone with evil intentions got their hands on it.
There are some initiatives out there to begin to think about developing these MCUs in a controlled and secure manner which is great, Microsoft seems to be leading the charge there with their Azure Sphere product.
Bio - Jiang Li, founder and CEO of VivaLNK, has both passion and extensive experience in bringing innovative technology and products into the marketplace. Li’s nearly 15-year career in high technology took a new direction when a routine health check landed him at the ER under examination out of fear he was in the middle of a heart attack. Noticing the outdated monitoring technologies in the hospital, he knew emerging technologies could be properly implemented and sought to apply his background in flexible electronics to healthcare. Prior to joining VivaLNK, he was responsible for new product and technology development as the VP of engineering in Kovio and Thinfilm Electronics, leading printed electronics companies. Prior to that, he worked at AMD and the joint venture between AMD/Fujitsu, Spansion. As the VP of product engineering in Spansion, Jiang managed the major new product launches in Spansion. Jiang holds a Ph.D. degree from the University of Wisconsin-Madison, and a bachelor’s degree from Zhejiang University in China.
Medical-grade sensors converge with consumer wearables to enable remote patient care
The divide between consumer health and fitness wearables, and medical-grade devices is slowing being bridged as technology evolves to offer advanced sensors and form factors that combine the best of the two worlds. The result is vast amounts of higher quality data to feed the complex algorithms, which not only deliver the personalized results so often discussed in the industry, but the ability to even preempt negative health events.
Crowd sourced data mining and environmental data enables precision health
The ability for doctors to monitor key indicators of disease remotely through quality wearable devices could not only bring down costs and the number of unnecessary visits, but drastically improve preventative, proactive care. Telemedicine and remote patient monitoring are essential to a future where we are focused on precision health, not only precision medicine. With medical-grade wearables easily available to and effectively worn by patients, doctors will have broader and deeper insights into your health, not only for diagnosis and treatment, but also prevention. In the near future, a doctor’s visit may happen completely from the comfort of your home.
Consumers take control of personal healthcare data
As the quality afforded by future wearable health devices meets medical standards, accompanying apps and platforms will give patients a clearer picture of what that data means. This will be more than data insights into how much activity you did that day or the breakdown of your heart rate data around exercise. The quality data will feed advanced algorithms that give different patient populations actionable insights on their condition.
Bio - Technology executive with over 20 years of experience developing strategic plans, building leadership teams, and growing companies in partnership with private equity and venture capital firms.
Currently CEO of Detechtion, where our mission is to enable a digital transformation of operations in remote and extreme environments through our unique suite of Industrial Internet of Things (IIoT) and mobile solutions.
Previously, CEO of CygNet Software, an enterprise software company, leading the company through a period of rapid growth and a successful exit. Prior to CygNet, an Executive-in-Residence at Rustic Canyon Partners, working with partners to source and qualify new investment opportunities as well as advising with existing portfolio companies. Previously, CEO of RiverOne, a SaaS company which enabled integration of multi-tiered, outsourced supply chains.
IoT goes industrial! IoT is moving from the consumer to the business world with the Industrial IoT (“IIoT”). People are bringing personal experiences and expectations to work as they look for the benefits of IoT at their jobs. Historically, in oil & gas, most companies have not monitored many of their assets due to cost constraints. For example, level in small chemical tanks which are dispersed across leases have rarely been monitored. IoT devices are enabling people to monitor those tanks as they would a thermostat at home.
IIoT is bifurcating. It is breaking into two tiers – As IIoT devices start to be deployed, there are two distinct markets emerging.
One market is looking just to monitor – to bring awareness. It is focused on bringing back basic information, so you know what is going on without driving out to the field. For example, I want to know if a tank is full, I want to know if the security gate was opened, I want to know if a pump is running. Expectations are for a low-cost, simple device to bring visibility into things we didn’t know.
The second market is more advanced, looking to protect, control and/or optimize equipment. For this market, the IIoT devices need to be intelligent. They need to work when communications are down. They need to protect equipment from damage, control the equipment for the desired output, and to optimize the equipment. Here, the devices contain a “digital twin” in the IIoT devices so they can run models to help operate the equipment properly.
IoT and Mobile are twins separated at birth! They cannot be separated – an essential attribute of almost all oil and gas IoT solutions is a mobile app. While this was taken for granted in the consumer space (eg Nest thermostat’s being controlled from your phone), in the industrial space the thought was that devices would talk to applications in the cloud. Yes, that is necessary yet not sufficient. Users expect data to be available about any device from anyplace – not just in front of their computer screen. Plus they need the ability to augment that with additional information collected in the field. Mobile workers, field workers, travelling employees all expect the same level of access via an app that they receive at their desk.
Bio- Sanjay Malhotra is an industry expert in mobile and internet technologies. Throughout his career, he's helped clients understand the positive impact of digital transformation and the ways mobile technology can enhance existing infrastructure.
"2018 will be a year of steady growth, rather than explosive growth for IoT. Currently, many companies struggle with implementing a data infrastructure that can handle the constant stream of data from IoT sensors. The goal is to gain actionable insights from this data, and this year will be about finding a more efficient way to analyze the data we retrieve from IoT. Many companies will have to invest in machine learning and deep learning systems to see ROI from IoT."
Bio-Russ Sharer is Vice President of Global Marketing and Business Development for Fulham Co., Inc., manufacturer of innovative and energy-efficient lighting sub-systems and components for lighting manufacturers worldwide.
“Adding programmable control sensors to building LED luminaires is the next logical step in implementing IoT for smart buildings. Light fixtures are prevalent in all commercial buildings and more building owners are retrofitting fluorescents and outdated systems with LED luminaires to cut costs and improve energy efficiency. Using smart LED lighting sensors coupled with two-way wireless communications such as Bluetooth mesh, you not only create a central control system for building lighting, but you can use the same infrastructure for IoT to monitor, air quality, HVAC, security, and security systems.. Bluetooth mesh can handle two-way communications, so sensors can exchange IoT data traffic for building monitoring and analytics, and for issuing control commands from a central control system.”
Bio-The author, Andrei Vasilescu,is a renowned Digital Marketing expert and CEO of a Money Saving platform in the name of DontPayFull. He is providing cutting edge digital marketing service to various international companies and different online coupons of various brands for years.
IoT or Internet of Things has been providing us newer and more advanced tools to solve our modern problems and in every segment of human civilization IoT is a common resort. Lets check the top IoT trends in 2018.
IoT will widely expand: People are getting more and more dependent on technology everyday and usable time is getting more and more wanted by everyone. In every segments and activities of human civilization will be managed by IoT. The most prominent area which will be ruled by IoT are retail industries, supply chains,health care along with some others.
Mobile apps will burst: Since last few years, almost everyone is equipped with a smart mobile phone, we are all used to get most of our needs through mobile online services. IoT gadgets will all be mobile compatible and more advanced IoT applications will arrive to fulfill all our requirements and these gadgets will run on more developed mobile platforms in 2018.
Analytics tools rule: The more online technology we use, the more data isproduced in every second and this trend is exponentially increasing everyday.Therefore, every day oceans of data are produced which are beyond the capacity of human intelligence to analyse. Advanced automated analytics tools willarrive to analyse these data to provide information.
Bio- Brian Gratch, CMO, Xaptum is a cyber-security subject matter expert to the defense, oil & gas, network and manufacturing industries. Xaptum is an early stage, Chicago based, IoT company that is building the Internet for Things - an IoT optimized secure network that connects the world of 'Things/devices' with the world of Applications/Cloud - securely, simply at massive global scale.
Security will dominate IoT in 2018. As IoT moves from the cool ‘bright and shiny’ new technology to an integral element of enterprise digital transformation as well as proliferation of connected devices for consumers, the missing link of security will reveal itself.
Within security, the top trend will be to recognize the importance of securing the network to ensure secure delivery of data traffic from the device all the way to the backend application sitting in the cloud orsome hosted data center.
They cyber-risk of getting hacked, exposing client data, breeching any number of regulatory requirements (HIPPA, Dodd-Frank, PII, etc.)or allowing your network to be a source of a coordinated attack to another company’s network is too high a price to pay.
Because most IT departments have little to no experience in locking down connected devices that are notonly spread geographically, but utilize untrusted connections to send data.
In 2018 companies will recognize that the easiest, most affordable and fastest way to solve the preponderance of their IoT security exposure is to utilize a cyber-secure network purposely built for IoT that has multiple layers of protection, detection, audit, and control.
Bio- Atul is passionate about technology - especially Salesforce technology. This passion of his combined with dedication to customer success has been instrumental in delivering cutting-edge solutions.
The top IoT trends for 2018 will include the following:
Smarter homes: All our daily appliances will become innovative and intuitive, achieving not only higher levels of comfort but also another level of security in our day to day usage. Smart lighting for example will help conserve energy and bring down the bills in the near future.
Smarter Healthcare: Medical sciences are crossing all leaps and bounds with applications of IoT in this field. Medical equipment, such as wearable sensors and instruments that are implanted in the body, monitors, mobile health applications will provide as virtual assistants to patients and this will definitely revolutionize healthcare.
Smarter Cities: Smarter cities are next in the row with data-driven systems for increased efficiency in transport handling, waste management, enforcement of civil and traffic laws and better safety measures to improvise the standards of living.
Bio-My name is Erik Bowitz. I am the Editor at Lightning Cans a tech news site dedicated to lightning-connected and Bluetooth headphones.
Smart headphones are about to explode in popularity..Wait, what are smart headphones you ask? Well, similar to how Apple turned the phone into a smartphone, how watches with added mobile tech have become smartwatches, headphones are finally getting their time in the limelight.
With smartphone makers universally removing headphone jacks from their devices there has been a recent boom in Bluetooth tech.
Bluetooth however comes with huge limitations, chief among them being poor audio quality (compared to wired headphones) and rechargeable batteries.
There is a third way however, and those are Lightning-cable and USB-C cable connected headphones.
Because these cables transmit both power and data they have the ability to turn old "dumb headphones" into fully communicative "smart headphones".
Smart headphone features include aural mapping technology for a custom listening experience, AI-based equalizer apps powered by smartphone chips, active noise cancelling without the need for an external battery pack, 3D sound, motion detection, and more.
Headphones are finally becoming intelligent and it is all thanks to the extinction of the old-fashioned 3.5mm headphone jack. As Apple is set to ship their new iPhones without any headphone dongle/adapter there will be a spike in demand for Lightning-cable smart headphones
Bio -I am Simon van der Jagt, CEO at Nowi a IoT tech company with €2m invested in innovation award winning technology.
The Trend: From Plug & Play to Plug & Forget
Essentially we see the following happening. There are massive predictions about amount of IoT devices that will deployed. Generally these are simple devices like temperature sensors or smart smoke detectors etc. With the first wave of IoT products in use a big problem is surfacing. Power.
With billions of wireless small devices, how are we going to power them? The solution used to be batteries. However battery lifetime is limited and changing batteries is expensive and often not possible ( we have done projects where sensors are being embedded in the roads themselves for example and maintenance is literally impossible). The IoT is entering into a new paradigm, a change is underway from the old Plug & Play to the new 'Plug & Forget.
Plug & Forget entails using an IoT device that requires zero maintenance, it simply always works. No battery changes needed, no cables required. This helps the bottom line as it decreases the cost of an IoT solution by about 7x in most cases. Solving the power bottleneck is the key to enabling large scale Internet of Things.
Bio -Steve Latham, founder, and CEO of Banyan Hills Technologies is an Internet of Things expert and strategic technology leader. Latham founded the company in 2013 to impact the world through technology and a deep commitment to social responsibility. Latham has a strong track record of leveraging cloud-based technologies to optimize and accelerate business strategy and is highly regarded by his peers for his deep industry knowledge in Retail, Entertainment, Healthcare, and Financial Services. Latham has successfully led architecture, implementation and delivery for one of the largest self-service, retail exchange kiosk systems in the world. Earlier, Latham served as CTO for the Entertainment division of NCR, where he helped orchestrate a successful divestiture of the business to Redbox for $125M. Prior to NCR, he held various technology leadership positions at Harland Clarke and led the consolidation of their e-commerce platform to a unified product offering for its customers. Latham serves on the board of directors for various businesses and academic institutions providing technical leadership.
Here are Top Five Quick Predictions for you to put in your back pocket and think about during the 2H of the year. Hold on tight, it is going to be a funride.
Winners vs. Non-Winners Emerge: Over the past several years, the IoT industry has received an increasing amount of attention across nearly every market segment. The potential and hype around this technology has led to the rapid emergence of entirely new industries, businesses, subject matter experts, standards, and innovative solutions. The market has exploded with innovative Internet connected solutions, at the same time exposing potential vulnerabilities, that have never been considered before. Because of these trends, we’ve watched the IoT industry start to show signs of maturation, with the rise of governance and standardisation increasingly becoming an area of emphasis.
In 2018 we can expect the maturation of the industry to continue. 2018 will be the year that clear leaders start to emerge. Platform “winners” will begin to show traction in the market, providing hardened solutions that businesses and consumers can obtain with more confidence. We will start to see some of the smaller startups that followed the hype into the IoT industry begin to disappear. The emerging trend for these smaller organizations will be that they begin pivoting towards other emerging market trends, some will be acquired, and others will simply fade out.
Socio-Economic Trends: The IoT industry introduces automation to enterprises in a manner that is extremely productive in driving operational efficiencies. The technology is disruptive, in that it enables smart solutions with the ability to start making and reacting to decisions without human intervention. This is obviously attractive for businesses that are looking to reduce operational costs through the onset of technology, but it brings to light some socio-economic issues that require attention.
The displacement of a human labor through technology such as IoT is already starting to surface questions around what happens to the human workforce that is being replaced. 2018 will be a year where we begin to observe rising socio-economic pressure how to best address some of these issues. Questions around how organizations will be taxed when replacing humans with machines, how organizations will be incented to drive productive human labor, how to cross-train the workforce to support emerging technology, and the role of the government in the industry are only a several of the important concerns that will start to receive attention.
New Industry Uses; We will start to see new uses for the IoT in industries that have traditionally been lacking in technical innovation and/or the use of advanced technologies. For example, industries such as Payments, Sports &Entertainment, Automotive, Food & Beverage, and Facility Management are only a few of the industries already leveraging IoT to drive operational efficiencies and enhance the customer experience..
Justas Industrial Internet of Things (IIoT) has emerged as a new category, we’ll start to see some exciting new categories emerge in 2018. It’s exciting to see how industries such as Self-Storage, Criminal Justice, and Healthcare, for example, are beginning 2018having IoT integrated into their technology roadmap. We can expect to see some impactful solutions within these industries begin to show traction during 2018.
IoT becoming even more Powerful through Integration: As the IoT continues to mature, new technologies are beginning to take over the hype. Examples of technologies that fall into these spaces include the following:
- Artificial Intelligence (AI): AI is a mainstream factor in enterprise computing. We’ll begin to see more “things” designed with AI capabilities and leverage machine learning. IoT endpoints will be configured to deal with the massive amounts ofdata being captured making it possible for data to be used in more meaningful ways. Predictive analytics and self-diagnostics, self-healing and even customer experience will become more human-like as AI and IoT overlap.
- Security: Block Chain has overshadowed the headlines of IoT, which doesn’t mean IoT is going away, it means that IoT has now has the potential to become even more powerful through integration. IoT solutions will begin considering how the concept of adistributed ledger such as Block Chain can start to help secure communication between device and enterprise components of an IoT solution.
- Biometrics: Biometrics will become more and more widely used as more connected devices become enabled with biometric technology, like fingerprint and facial recognition. Monitoring and managing IoTdevices will be increasingly important to reducing security vulnerabilities inan IoT implementation. We’ll see industries like Financial Services, Healthcare, and Pharma start to implement biometrics to support increased security efforts.
Simply said,in 2018 we’ll start to see IoT will leverage these emerging technologies todrive more powerful solutions in the industry.
Standards and protocols for IoT have sort of been like the “wild-wild-west” over the past several years. Standard wars will start to come to an end in 2018, and the winnerswill emerge. As with any rapidly developing industry, standardization will have to emerge so that the industrycan scale to its full potential. 2018 will be the year where we see standardization and governance really start to take shape for IoT.
Bio -Monica Eaton-Cardone is the owner, cofounder and COO of Chargebacks911, the first global company dedicated to preventing chargeback fraud, eliminating cyber-theft and safeguarding the “eCommerce experience” for retailers, banks, buyers and sellers.
A key trend to watch will be the minimization of friction in Internet-connected devices, particularly when it comes to commerce. There's a big push to make transactions as seamless as possible. But if we're not careful, this could also open the door to fraud. Cybersecurity is the ultimate game of cat-and-mouse, and as IoT becomes increasingly commonplace, there will be vast networks of hackers, fraudsters and cyber-shoplifters who will try to profit from it. We must be diligent. Your security network is only as strong as its weakest link, and the IoT adds multitudes of new links to your networks. Obviously, that's a concern
Bio -Carl Rodrigues, President and CEO of SOTI. SOTI – the world’s most trusted provider of mobile and IoT device management solutions, works with enterprises across the globe to provide business critical mobility solutions.
Manufacturing – According to the United States Department of Commerce, since March 2010 Manufacturers have added 945,000 jobs. More than 200,000 jobs have been added to both the motor vehicles and parts and food, beverages, and tobacco products industries. Few industries stand to benefit more from the IoT evolution than the manufacturing industry. From the ability to collect big data and metadata to make better decisions, or leveraging insights to create more efficient technologies to maximize cost saving, to the environmental impact that data and technologies can provide. IoT is reshaping the way manufacturers produce goods.
Healthcare – The healthcare industry is not thought about as a ‘forward thinker’ especially when it comes to implementing new technology as the industry is always one of the last ones. In fact, according to a survey conducted byStatista in February 2016, U.S. healthcare payers and providers indicated that with an IT budget of over $200 million, only 14% of the total IT budget is allocated to internet of health things (IoHT). However, implementing IoHT, healthcare providers can cut costs – from wellness and prevention IoHT program
From wearables to track patient health, to providing remote care to live in remote areas, to remote care workers traveling to patients who cannot leave their homes, the shift towards the digitization of the healthcare industry will see more and more health care workers relying on mobile devices that will be business critical to allowing workers to be effective in their jobs.
Transportation and Logistics– IoT has already begun to disrupt this industry through the creation of systems that are able to sense and respond to vehicle usage and changes in real-time. To start, with the ELD mandate coming online, the transportation industry is ripe for a technological evolution. In addition, IoT enables the ability to track where vehicles are in their route, ensuring they are delivering packages and goods on time and being able to reroute trucks based on to-the-minute circumstances like accidents, road closures or weather. Tracking fuel consumption can help to increasing fuel efficiency and determine if certain vehicles or drivers are expending more gas than others. With the announcement of driverless trucks, IoT will play a major role in tracking vehicles on their routes and vehicle security.
Retail– According toAccenture , the IoT movement offers retailers opportunities in three critical areas: customer experience, the supply chain, and new channels and revenue streams. For example, we will increasingly see sensors being used for inventory management, allowing a connection to be made from back-end inventory to in-store and online. Also, the in-store customer experience is transforming to meet the demands of the digital consumer – beacons will be used to push relevant messages at point-of-sale, sensors will be used to track patterns to develop better instore layouts.
One of the major trends taking place in business IT is the evolving landscape of indoor mapping and positioning technologies. As sensors and hardware have become more accurate, businesses have started to leverage indoor location technologies to integrate data from their business and its outputs into a centralized platform. This is not only enabling businesses to enhance consumer experiences, but to generate real-time visual intelligence about their properties, track and manage assets, and centralize data from a variety of sources into a central 'source of truth'.
As the IoT continues to permeate into our economies, businesses will become more connected, departing from traditional trends in which departments are segmented and data exists in silos
Bio -DigiCert Global Director of IoT Security Solutions Mike Ahmadi is a leading voice within various global consortiums focused on creating global standards for IoT security implementations. At DigiCert, Ahmadi works with DigiCert customers and development teams to advance IoT security solutions for critical infrastructure markets including healthcare, transportation/automotive, industrial, and smart city.
Less than a decade ago when I mentioned PKI, Code Signing, or anything related to certificate based authentication I was either met with blank stares or people politely (and sometimes not so politely) shooting me away. It was so prevalent that it led me down a path of abandoning the notion, and focusing on testing and research.
All the research, combined with many real world events that have transpired that would have been prevented by trusted authentication and code signing have changed things for the better for those who practice in the certificate based authentication space. Everybody in the IoT world seems to understand the value of code signing and PKI, and it is no longer a question, at least with larger organizations, of if they should engage in such practices, but rather when and how. Because of risks associated with not having such practices being followed in the extended supply chain, we are now seeing smaller organisations moving in the direction of certificate based authentication. I would like to see more proactive approaches going forward, but the reactive approach also seems to be moving the ball forward, so I’ll consider that a small victory.
Bio -Justin is a Managing Director in Digital Technology Advisory with Accenture. Justin is an integrated marketing and analytics thought-leader in the Consumer Products, Retail and Travel industries having served in related leadership capacities at Coca-Cola, Teradata, and Ernst & Young. Justin is also an author and frequent speaker on organizational leadership and personal branding.
Connected home: Todays smart home market has grown to a size of nearly 17 billion dollars globally. retailers have an opportunity to leverage their strong and trusted brands , simplifying connected home propositions for the customer and offering new bundled products and services, utilising economies of scale to drive down prices. to do so, retailers must improve value of products and services as well as customer education and trust, provide confidence in security and privacy, and create a better user experience to improve mainstream adoption. there are several key enablers to do this: big data analytics, a service-based architecture, move to an agile development and deployment model, provide security on devices.
Smart speakers: Smart speaker use will grow substantially in 2018 with 36 million people expected to use voice-activated assistants at least once a month in the u.s alone. as the technology becomes commoditised, developing connected products (iot) and artificial intelligence capabilities will be needed to improve propositions and offer superior customer shopping experiences. there are several key enablers to do this: artificial intelligence, connected devices and security, ecommerce.
Ecommerce has changed the retail landscape yet 71% of consumers still prefer to shop in store. digital stores need to take advantage of the continuing demands of the modern consumer including maximising the opportunity of both customer and staff devices. for example, the connected customer - connected devices creating superior experiences, on demand services, self service and 360 degree view of the customer, the connected worker - staff assisted technology providing a wealth of information on the customer and operations maximising sales uplift and in store productivity, connected operations - automation & optimisation of store environment, operations and inventory management creating better, cheaper and greener stores. there are several key enablers to do this: data analytics, applications, digital store infrastructure & rfid, and connected devices and security.
Supply chain: Smart devices, robots and sensors working autonomously to aid areas from product packaging to stock replenishment and fresh produce monitoring, to maximise operational efficiency, reduce cost and enable better customer experiences. iot will be critical to application montoring - asset and energy monitoring, predictive maintenance - reduce failures & cost of operations by proactive rather than reactive maintenance optimising & driving more efficient, greener operations, end-to-end tracking - vehicle & deliver tracking providing real time updates and information, connected workers - automate operational tasks and activities to improve productivity.
Bio -Werner G Krebs, Ph.D., CEO of Acculation, is a data scientist who was worked for top firms in high-frequency trading, marketing analytics consulting, banking, software, and academia; he has been a consultant to private equity firms on IoT trends, is frequently quoted in the media, and has appeared on panels on topics such as AI and Blockchain.
In 2017 we saw the appearance of AI app stores for IoT devices, like the Amazon Alexa Skills store. While this already has hundreds of thousands of apps, competitors like Google Home have significantly fewer, and the AI app space is new and just starting to heat up. You're now hearing companies that used to talk about "web first" strategies or "mobile app first" strategies now talk about "AI first" strategies, and there are many compelling reasons to package content or apps as an AI skill. These apps run not just on IoT smart speaker devices like Amazon Echo or Google Now, but also directly on IoT devices like smart thermostats or light switches that feature built-in support for AI platforms like Alexa; in addition, the primary purpose of these apps is often to enable Alexa to control other IoT devices.
In the economically huge but lower profile Industrial IoT (IIoT) space, we're going to see further consolidation of many competing proprietary IoT platform standards into more open standards.
We're seeing further integration of IoT devices with Blockchain shared ledger, such as Walmart and IBM are doing for customs clearing, supply chain reconciliation, cold storage, and food safety. We're seeing firms like FedEx working on IoT devices integrated into packaging that can work with Blockchain smart contracts, presumably in a manner analogous to 19th century Letters of Credit or Cash on Delivery. (See here for background on the FedEx IoT/Blockchain device: https://www.forbes.com/sites/michaeldelcastillo/2018/05/14/deloitte-blockchain-boss-departs-to-build-ethereum-supply-chain )
Bio -Beerud Sheth is the founder and CEO of Gupshup, the world's leading messaging and bot platform, used by over 30K+ developers that handles nearly 4 billion messages per month. Gupshup also developed Teamchat, a smart messaging app that introduced structured templates to messaging.
The big IoT trend is the emergence of intelligent devices. The first wave of IoT were essentially sensors and monitors with an internet connection. But the new wave of IoT devices are becoming smarter. The intelligence may be embedded within the IoT device locally or in the cloud. Either way, the devices are now capable of not just sensing but also responding to the environment. For example, toys that can interact and engage in a conversation with children or smart building IoT devices can automatically personalize the climate based on who and how many people are in the room. Perhaps the best example is Amazon Alexa which has a wide range of capabilities. The new wave of IoT involves smart, conversational devices that engage with the environment in advanced ways.
Bio -Michelle Curtis, Director, IoT Solutions practice, North America, at Tech Data.Michelle leads a team of talented IoT engineers, consultants and strategists to help customers create the best outcomes for their clientele using technology solutions. Michelle has been recognized by CRN as a “2017 Women of the Channel Up-And-Comer” and in CRN’s “100 People You Don’t Know But Should,” by Tampa Bay Tech as the “2017 Emerging Technology Leader of the Year” and by the Internet of Things Institute in the 2016 “25 Most Influential Women in IoT.” Michelle is passionate about her family, her work at Tech Data and in the community, and her efforts with children in STEM.
According to her, there are two areas that are seeing the most impact this year in IoT: analytics at the edge and healthcare-focused asset control and physical security. Below are further descriptions of each trend:
Analytics at the edge: As the world sees more remote connected devices, it’s growing increasingly more important to manage the data from the edge of the network, as opposed to sending it all back to the cloud, creating a huge opportunity for advanced analytics in IoT. IoT technology can assist with real time, initial analysis of data, which can then determine what information is relevant for further data analyzation as opposed to sending everything back to the cloud, which can be expensive and inefficient. As much as you can do from the device itself, the more potency you have, and the less latency. IoT has the opportunity to help drive that initial analysis and promote efficiency and cost savings.
Healthcare asset control and physical security
There is quite a strong focus on developing solutions for healthcare IoT. The immediate opportunity is around asset management and physical security. As healthcare companies continue to utilize more remote devices, securing that patient’s data is going to be ever more important, and that’s where IoT has a big opportunity to help move that data in a secure and efficient way.
Below are some of our top outlooks of what we expect to happen in the enterprise environment in 2018:
- Digital transformation continues to resonate as businesses recognize the need to get more intelligent.Businesses are leveraging ties between the physical and digital worlds to enhance visibility and mobilize actionable insights.
- Businesses need to leverage the 3 As to embrace an “on-demand” economy.The 3 As will be the key to building up modernized systems that help businesses provide more compelling and personalized customer experiences
- Businesses are relying on critical real-time data and analytics software to gain visibility for next best action.They need to capture more critical real-time data and need solutions that will integrate it with analytics to unlock deep insights and greater visibility.
- Locationing technology is generating effective tracking data for visibility into smart decision-making.Real-time locationing system (RTLS) is key to provide effective tracking data with higher accuracy to perform advanced/predictive analytics.
- Transformation continues in retail industry at a healthy pace with increased focus on extending the role of stores to service centers.Forward-looking retailers are transforming their business models to offer convenience and more positive customer experience.
- Hospitals are digitalizing workflows to optimize the quality of patient care and operational efficiency.With the aid of technologies, doctors and nurses will be able to free up their minds and hands to focus on quality patient care.
Bio -Bradley Metrock is CEO of Score Publishing, which owns and operates The Alexa Conference for voice-first technology, in addition to Digital Book World (DBW) – both of which will cover voice-first technology in different capacities.
One of the top IoT trends we'll see play out over the rest of 2018, and well into 2019, is the rise of voice-first technology. Voice user interfaces (VUI) will continue to proliferate, whether through mainstream voice assistants (e.g. Amazon's Alexa, Google's Assistant, Apple's Siri) or other players such as Mycroft which differentiate on the basis of data security and privacy. An entire generation of youth is growing up with the expectation that they can speak to technology, and speak to computers, and receive information back in real-time – and will have to resort to other user interfaces only if voice is not sufficient. Smart speakers have achieved a critical mass in several countries at this point, which has been the story so far...expect this narrative to shift to deeper, more impactful, more meaningful utilization within our daily lives of the underlying conversational AI within these devices.”
Metrock’s company, Score Publishing, also owns and operates VoiceFirst.FM, for which Metrock hosts the popular podcast This Week In Voice and discusses the week's news in voice technology, the evolution of voice assistants, smart speakers, and the proliferation of voice-first technology in our modern lives.
The Alexa Conference will take place in early 2019 (details on the event to post later this year). And Digital Book World, which covers the wide world of publishing, will be held in Nashville in October 2018.
Bio -Chris Carter is the CEO of Approyo, a leading SAP technology solution provider. Carter has been in the big data and SAP industry for more than 25 years. He has been nationally recognized by the American SAP Users Group, SAP, Hadoop World and more
Cloud First: It's not a question of "if" the Cloud and more. Companies of all shapes and sizes need the cloud to innovate in a digital world. You can't be on the sidelines anymore and 2018 is the year to fully embrace the cloud.
Blockchain:In 2018, Blockchain will play a major role by enhancing security, making transactions more seamless and creating efficiencies in the supply chain.
Security:The more complex, the more network security challenges. The more data being produced the more security concerns.
AI and Machine Learning: Data will push companies toward artificial intelligence (AI) and machine learning in order to help them make sense and manage of all the data being produced."
Bio -Igor has 18 years of experience in software development and R&D management. He served in the IDF (Israel Defense Forces) technological intelligence unit. Igor has vast experience in large scale systems for operators and a strong background in C4I systems development and specializes in the cybersecurity of smart home devices.
2018 has been a year of data protection. With the rise of IoT devices implementation into every day life, consumers data has increasingly become more vulnerable to attacks. This year in IoT, it will become ever more important to focus on how IoT devices can continue to benefit consumers while still protecting every aspect of data collected."
Bio -I am the Marketing Manager at Codal, a software development agency with a large focus on IoT. I am forward thinking and motivated individual with a passion for technology.
The Internet of Things has already changed how we work, live, and play! It is being used across all industries; healthcare, manufacturing, education, and more.
According to Statista, by 2025 there will be over 75 billion connected devices, and according to McKinsey, by the same year, IoT could have an annual, global impact of $3.9 trillion. This is a large impact on society’s economy, and over the next few decades, we will start to see these changes in action.
As an IoT app development agency, we have to stay on top of trends and statistics within the world of IoT in order to provide our clients with the best business solution possible.
Bio -Phillip Marangella has over 20 years of strategy, business development and marketing experience working in the Telecom, Technology and Data Center sectors for leading service providers, including Nortel, MCI, Verizon, Equinix, Coresite, and EdgeConneX.
The proliferation of the Internet of Things (IoT) will have an enormous impact, creating significant infrastructure challenges and corresponding opportunities globally. One challenge is that long distance data transmissions inherently have too much latency to support many emerging IoT applications.
While the cloud has the ability to aggregate large amounts of data, it takes time for data to be sent to the cloud and for commands to return to the connected device. In certain IoT applications a delay of mere milliseconds can be critical such as in smart health and safety applications. A good example is autonomous vehicles. If a crash is imminent, the driver would not want to wait for the car’s sensors to talk to the cloud before the command was sent back to the vehicle’s operating system to swerve out of the way.
Autonomous vehicles, and industrial and commercial IoT applications all demand higher levels of compute, storage and network as close as possible to the device, presenting enormous areas for growth – at the edge and the core.
To overcome latency issues to better serve the IoT will require moving infrastructure, including the connectivity ecosystem, closer to the edge of the network. This will enable both established and emerging markets to fully operate as independent and local resources necessary for efficient delivery of data for IoT-enabled devices.
Over the next five to 10 years, we likely see three tiers of IT infrastructure with specific functions to better serve the IoT.These include centralized hubs serving as the processing point for primary applications; Edge data centers that perform regional processing/caching and determine what data moves upstream to the hub; and Edge facilities that support one or more micro data centersdeployed near workloads, serving as repositories for high-demand content and providing low latency for content and IoT data.
In 2018, IoT is going to shine in areas most people haven’t considered, such as credit cards. There are at least 13 billion cards in the world today and they are now entering at a new stage of growth. By adding IoT and always-on connectivity, cards can change the industry by significantly reducing fraud risk and giving consumers access to deals and account updates in real time. I expect leading financial institutions, processors and technology companies to come together to make this a reality.
Bio -Neil Cohen brings more than 12 years of edge computing and 15 years of combined marketing and product management experience to his role as vice president at Edge Intelligence. Previously, he was vice president of global marketing at Akamai Technologies, where he ran worldwide marketing for a $1.3 billion cybersecurity and web performance business. He was also vice president of product marketing at Akamai where he helped the organization double revenue and repeatedly launched new products and helped grow them into businesses exceeding hundreds of millions of dollars. He has held several other senior product and marketing positions.
Accelerated adoption of edge computing services: As IoT matures to solve specific, targeted business problems, it is becoming increasingly clear that edge computing services are often required to address the latency, cost and privacy concerns that can't be addressed when transferring large volumes of data to the cloud. At the same time, edge computing services are maturing rapidly to offer greater capabilities that analyze vast amounts of IoT generated data in real-time and perform machine learning at the edge --- with less reliance on centralized cloud architectures.
Bio -Ian McClarty holds an MBA from Thunderbird School of Global Management. He has over 20 years executive management experience in the cybersecurity and data center industry. Currently, he is the CEO and President of PhoenixNAP Global IT Solutions. PhoenixNAP Global IT Solutions employs a staff of over 600, operating in 9 separate locations including two in Phoenix, Los Angeles, Valletta, Malta; Belgrade, Serbia; Novi Sad, Serbia; Amsterdam; Singapore; and Charlotte, NC.
IOT security is a trend to watch in 2018: The fundamental security weakness of the Internet of Things is that it increases the number of devices behind your network’s firewall. Securing IoT devices requires more than securing the actual devices themselves. We have to build incorporate security into software applications and network connections that link to those devices.
Ten years ago, most of us had to only worry about protecting our computers. Next, we had to worry about protecting our smartphones. Now we have to be concerned with protecting our car, our home appliances, our wearables, and many other IoT devices. Because there are so many devices that can be hacked, it is a constant security challenge.
I see IoT edge computing continuing to grow and evolve. The IoT platforms marketplace is set to grow rapidly in the years to come, with current leading platforms expanding and others entering the marketing. In the short term, companies are unlikely to reject the cloud for edge computing. A day may come where we may have more computing power and more computers on the edge of the network than we will have in data centers. But I think that is many years away.
Bio -Matt Plaks, the Head of Upskilling & Strategic Operations at Temboo
The future of the Internet of Things lies in the democratization of tools, upskilling, and collaboration. First, the IoT should not be confined to IT given its potential to impact all areas of business, from the factory floor to marketing and sales. The tools we create will empower even those without a software background to develop purpose-built IoT applications. And while we strive for a day when software development tools do not require a computer science background, we will see business, government, and other institutions directly help the workforce stand taller in accessing emerging technologies. Upskilling the global workforce so that the widening IT-OT divide is overcome will be a common trend amongst the most successful in adopting and benefiting from the IoT. Finally, the IoT will see more corporate and technological players collaborating to build IoT systems. The clear winners will be those that bring in a stable of experts to help them go further faster with the IoT.
Bio -Jonathan Hewett has served as the Chief Marketing Officer for Octo Telematics since 2013. Mr. Hewett began his career in the banking sector, joining Lombard North Central Plc in 1988 as a Senior Account Executive, later moving to Barclays Bank Plc in 1994 and then Sainsbury’s Bank in 2000 where he worked first as a Channel & Sales Director and then as a Retail Director until 2003. From 2004 to 2006, Mr. Hewett was General Manager of Post Office Direct for the Royal Mail Group, which he joined in 2003 as the Head of Sales for Post Office Ltd. From 2006 to 2009 Mr. Hewett was Director of Group Retail and Financial Services for Dixons Group Plc. In 2009, he founded H&B Europe Ltd, a retail and private equity consultancy, where he remained as co-managing director until 2010. Prior to joining Octo, Mr. Hewett was Director of Consumer Marketing at AIG.
You can’t take a look at IoT trends without considering the explosion in insurance. Specifically, in auto insurance, insurance agencies and their policyholders are already benefiting from the IoT, with data that connects to report driving habits and behaviors, alerts on vehicle maintenance needs, road and traffic conditions, and more. This digital transformation is making insurance smarter, drivers better and our roads safer. Specifically for insurers, Octo’s IoT platform improves loss ratio - spanning the entire insurer value chain and changing the business forever.
Growth is imminent. According to the new report: "IoT Insurance Market by Type (P&C, Health, Life), Application (Automotive & Transportation, Home & Commercial Buildings, Life & Health, Business & Enterprise, Consumer Electronics, Travel, Agriculture), and Geography - Global Forecast to 2022", the global IoT insurance market is expected to be worth USD 42.76 Billion by 2022, growing at a CAGR of 65.89% between 2016 and 2022. Factors such as the growing adoption of Internet of Things (IoT) products in developed and developing economies, increase in the demand for cloud platforms and value-added services in insurance industries, and reduction in the cost of premium policies are the key drivers for the adoption of IoT solutions and services in insurance industries.
At Octo Telematics, we couldn’t agree more. Last year, we launched our NGP (Next Generation Platform) to uniquely link the characteristic of a horizontal IoT framework with rapidity and revenue to pre-built vertical use cases, helping insurance companies accelerate this digital evolution. We built the platform with four underlying principles:
- Breadth of offering to cater to all market needs
- Scale of capability that already today includes the world’s largest insurance telematics database
- Assets/technology compatibility
- Fully future ready
Octo applies proprietary algorithms to its market-leading database to deliver powerful new insights into driver risk, informing solutions that benefit both auto insurance companies and policyholders. We are the number 1 global provider of telematics and data analytics solutions for the auto insurance industry. Founded in 2002, Octo is one of the pioneers of the insurance telematics industry. Today, Octo is the largest and most experienced insurance telematics company in the world, transforming auto insurance through behavioral, contextual and driving analytics for more than 100 insurance partners.
Octo has more than 5.6 million connected users and the largest global database of telematics data, with over 207 billion miles of driving data collected and 447,000 crashesand insurance events analyzed (as of June 30, 2018).
Bio -Emie-Claude Lamoureux, the PR Director at MLG Blockchain Consulting.
Integration with blockchain: Blockchain has the potential to enhance security, make transactions faster and more seamless and create efficiencies in supply chain management. The IoT can transform how businesses transact by providing a trustworthy environment, offering security for all parties involved, and enabling more transactions overall. IoT and blockchain can significantly reduce costs by removing intermediaries, or “middle men,” from the process. This will be a year of growth in understanding, skill development, and testing applicable use cases for blockchain technology.
Digital transformation: IoT developers and manufacturers are starting to see the efficiencies of storing, computing and analyzing the data on the ‘edge.’ Edge computing means that instead of sending all the data from the IoT device to the cloud, the data is first transferred to a local device situated closer to the IoT device or on the edge of the network. The device can sort, filter and compute the data and then send all (or just a portion) of the data to the cloud, reducing the traffic to the network and allowing for faster data processing. Edge computing’s wide adoption should increase in both consumer and industrial IoT.
More adopters: Industrial asset management, fleet management in transportation, inventory management and government security are hot areas for IoT growth in 2018. With the increasing connectivity between people, things, and data, the public will begin embracing IoT to enhance the reliability of services. In the areas of safety and environment, for example, the IoT’s sensor data can enable applications to improve air quality, optimize traffic patterns, and reduce accidents.
Security: Cybersecurity risks will increase as people, processes, and businesses continue to connect on the internet. IoT’s potential will be reached only if security challenges are addressed for interoperability and good design. IoT needs a proactive, not reactive, multi-layered approach to designing security features. This means that hardware, firmware/software and data must stay secure through the entire product lifecycle in order to protect the IoT from malicious attacks.
Smart home devices will become highly intuitive and innovative, extending to not just home automation for comfort, but also home security, safety, and energy saving. Smart thermostats and smart lighting help conserve energy and associated costs, which is why more people will turn to IoT smart home devices in 2018.
I’d now like to briefly introduce ankey blockchain project that is making a positive impact in the smart home industry with blockchain and IoT: Arloid.
As consumers are looking to incorporate technology that supports an energy-efficient home, next-generation technologies are incorporating IoT and blockchain into the smart home field. Arloid Automationis looking deploy the world’s first community backed IoT Ecosystem powered by blockchain. This ecosystem combines an Arloid Hardware component with the Arloid Platform, which intuitively allows the Arloid Community to decide on the development routes of smart home projects. Blockchain has the potential to address critical security concerns of IoT because it decentralizes all of the information and data. Arloid has partnered with the Canadian company Cybeats at an off-chain level as they prioritize their customers’ security. Lights, security alarms, thermostat sensors, and other home appliances can now all be connected to and managed via one ecosystem application – thereby making homes safer and more energy-efficient.
Bio -Otto Berkes,As chief technology officer of CA Technologies, Otto Berkes is responsible for technical leadership and innovation, further developing the company’s technical community, and aligning its software strategy, architecture and partner relationships to deliver customer value.
IoT operates in a changing and often unpredictable environment, complicating trustworthiness and user experience. However, there is no DevOps support for IoT systems currently leading to some missing links between development and operation in IoT systems. Otto believes the most important next trend for the Internet of Things in the enterprise is bridging the gap between developers and IoT systems in order to:
- Enable DevOps in the realm of trustworthy smart IoT systems, and enrich it for end-to-end security and privacy, strengthening trustworthiness, considering challenges related to “collaborative” actuation
- Facilitate the integration of enablers to leverage DevOps for existing and new IoT platforms and approaches
- Provide automation to foster the continuous creation, evolution, and deployment of trustworthy smart applications.
Bio -Prior to joining the company, Huw held several senior leadership roles at 8×8, Inc., including vice president of business development, VP of Sales & Marketing and CEO of Centile, Inc., an subsidiary of 8×8. As an officer and senior member of the 8×8 management team for 16 years, Huw was responsible for the execution of the company’s shift to a Unified Communications as a Service (UCaaS). Huw holds several patents in the cloud PBX technology field. Rees received a B.Sc. (Hons) from the University of Manchester (England), Institute of Science and Technology in Electrical and Electronic Engineering and has an MBA from the University of LaVerne (USA).
Top IoT Trend ?: How to manage complex networks of massive IoT using AI and ML
While perfect connectivity and performance for a consumer network is desirable, most consumers will settle for less than this and will, if necessary, call their service provider should they experience significant issues with their services. Unfortunately this is not a practical solution for many IoT networks, especially those used for mission critical operations, for example supermarket distribution centers using Wi-Fi scanners or oil and gas field pumps. For these applications and many others like this poor connectivity or performance is unacceptable and the only solution so far has been to heavily staff with IT network professionals, but this is simply not practical as IoT starts to scale massively, the human brain just cannot manage the quantity of KPI data produced by large networks.
The answer’ is to provide some kind of IT Automation using Artificial Intelligence and Machine Learning to learn the typical characteristics or behaviors of devices, environment and network that impact a network and specifically a Wireless LAN’s performance. Statistical data of KPIs is communicated to the cloud, while the customer’s data and content remain untouched. Once in the cloud, this information is processed in the ML Engine in real-time, as network performance indicators. The information is organized, processed, and translated into solutions that trigger specific actions or actionable alerts, or automatically optimize and heal the network. By correlating the wide variety of data that can be gathered, the system quickly learns to identify issues with device connectivity, compatibility, interoperability, access, use/misuse, and network security – as well as gaps in coverage or capacity in the network.
Ultimately for IoT and indeed all networks, we see AI/ML delivering NaaS (Network as a Service) to end customers, resulting in better performance at a lower cost.
Bio -Michael Plishka is the President of ZenStorming LLC, an Innovation and Design Consultancy.
- IoT kits that enable people to build their own IoT ecosystems will continue to become more popular. The programming for these systems will become easier so people can get creative in bringing IoT into their lives.
- IoT enables kitchen appliances will be more prevalent, though consumers need to see clear value to IoT enabled devices. Industry is still distilling data from current IoT devices to determine where IoT can create the best value.
- Security companies will continue finding ways of making IoT ecosystems and their data more secure.
- Hospitals will continue to explore the value of IoT for surgical environments, enabling them to track the location of devices and create better inventory control using local IoT types systems.
- Healthcare providers will continue to leverage the IoT to monitor the health of patients remotely. Cardiac monitoring is key as well as sleep monitoring.
- IoT enabled devices such as electrical wall sockets and switches will be more prevalent as they provide the platform from which IoT systems can be controlled and monitored.
- The design and proliferation of sensors will continue to drive IoT. As these sensors become cheaper and more accurate, they spur the imagination and enable new and creative IoT products.
- Home Security will continue to benefit from cheaper and more prevalent IoT technologies such as sensors (cameras, microphones, etc.) enabling home security without the need for subscriptions. Similarly, IoT will be used for monitoring for things such as gas and water leaks.
- IoT enabled toys and game markets will continue to grow creating multiuser experiences.
Bio -As a Senior Data Scientist and IoT Practice Lead at Very, Jeff McGehee works with clients to build powerful Internet-connected products. Jeff is naturally drawn to problems that most people consider "unsolvable,” and he enjoys solving those kinds of problems at Very.
In his role as Very's IoT Practice Lead, Jeff is a regular contributor to the OTA (over the air) firmware update server NervesHub (currently in a pre-release stage), applying his learnings from our IoT projects. He also served as a machine learning and hardware solutions leader for Hop, a client we worked with to build the world’s first facial recognition-powered beer tap. During the project, Jeff leveraged his academic background in control systems and robotics to ensure a successful launch.
IoT will touch every part of an organization: From operations and processes to customers and outcomes, IoT-enabled solutions have the potential to transform businesses from every angle. Granted, this is already happening in many companies, but in 2018, expect to see B2C brands — think household names like Dyson — scale IoT opportunities beyond pilots and proofs of concept..
IoT infrastructure will continue to evolve: As businesses enable IoT solutions, they’ll need to align their network infrastructure and analytics capabilities. That means the role of IoT application developers will be elevated, particularly as the variety of IoT-enabled devices expands and enterprises continue to transform their operations by using connected assets to capture data.
Security and stability will remain a challenge: In 2018, IoT will continue to be the target of damaging cyber attacks. But instead of prioritizing security enhancements, most organizations are focused on improving customer experience, cost, and time-to-market. That means that IoT devices and ecosystems are still vulnerable to major attacks that can take systems offline and cause all kinds of problems — from minor disruptions to data exfiltration to potential loss of life.
Bio -Jon Hayes has is part of the team at PixelPrivacy.com - a site all about simplifying people's digital lives. We pride ourselves in writing easy to follow tech advice which anyone can follow, no matter how tech savvy you are!
One of the key trends we've noticed is that there is somewhat of a grey area for security and privacy right now in the IoT space. With services like Amazon's smart lock and other more sensitive connected devices hitting the market, consumers seem to be at a fork in the road. Do they entrust companies like Amazon with, quite literally, their entire house and its belongings in exchange for efficiency and convenience, or is it just going too far?
With this consumer doubt, it appears as though producers of smart devices have most definitely doubled down on their effort to assure customers that their sensitive information and belongings are in trusted hands. With more and more devices including enhanced privacy controls and increased physical securities such as fingerprint readers and iris scanners,
As we move forward with this type of tech and as customers become more savvy to the way their data is being handled, this focus on privacy and security doesn't look like it'll be going away any time soon!
Bio -Co Founder & Head Of System Architecture in Rivery
The issue of data silos will become a bigger challenge for IoT businesses. Organizations are becoming increasingly dependent upon an growing number of sources of data, which is often stored, delivered and measured differently. This raises the challenge of orchestrating all business insights so all data is streamlined and unified in a single source that can act as a central insight resource for every department in an organization. In a similar way in which it can be challenging for a marketing team to aggregate advertising data from different sources such as Facebook, Google, and Twitter, for an IoT business, it is essential to ensure they have the tools and infrastructure to support this consolidation of insights.
IoT products are complex by nature and they often require multiple integrations to 3rd party products and platforms. For companies which didn't have the foresight to do this, it'll be much harder and labor intensive to migrate and manage data from those legacy silos. However, sooner or later, they'll need a clear unified view of their insights.
Bio -Saar Yoskovitz, CEO of Augury, an industrial IoT company that enables organizations to assess the health of machines.
As IoT adoption continues to grow, facilities who embrace the IoT will improve equipment reliability, reduce machine downtime from catastrophic failures and help manage risk. The IoT is expected to create a new surge of factory productivity, creating value up to $3.7 trillion.
Facilities and factories will need to embrace the implementation of fog and cloud: The future of the IoT is a combination between cloud and fog computing: a hybrid solution where some computing happens on the edge—devices in the field—and some on the cloud. Sensors and machines will collect data, and continuous monitoring dashboards will monitor system health, analyze options for improvement and even predict what might happen next. Fog and cloud computing will work together seamlessly—but only if many of the on-premise tools today are moved to the cloud.
The connected industry will bring a changed awareness around security and risk:
- IoT doesn’t necessarily present more risk. Rather, it presents a different kind of risk. Businesses need to understand that sensors and machine-to-machine communications are also stored on the cloud. Facilities implementing devices connected to the IIoT need to think about communication and the security protocols between devices: sensor-to-sensor communication, sensor-to-gateway communication, and updating and maintaining all on-premise equipment to better secure their data.
Facilities will make more “smart” decisions: In 2018, we will see more "smart" decisions taking place, as more facilities begin to implement the necessary elements of connectivity. First, facilities will adopt more SaaS technologies and solutions in order to begin this process. Facilities will then leverage computers and mobile phones for machine-to-machine communication via sensors to remotely run a critical facility.
Bio -Marc Anderson, founder and designer of Rainfall in Seattle.
Connected devices are not new, however, the last year has seen their presence in US homes increase dramatically. Consumers are willing to buy “smart” devices that range from exciting (Televisions) to the mundane (Toothbrushes) all with the expectation that having the ability to remotely connect to them will make their lives easier and more efficient.
Increased value of IoT devices, including that outside of the device’s core functionality
Currently, the majority of devices send data directly to their manufacturer with the intent that the delivery of usage information will create increased selling opportunities to that consumer. This will continue, but that information combined with the increased presence of AI and the ability to connect those devices to additional parties will allow for more intelligent actions to be taken on behalf of the consumer. Brushing one’s teeth everyday will no longer simply yield ads for the replacement of toothpaste and brush heads, but will alert insurance companies that the individual is living a healthy lifestyle and drive premiums downward. Not brushing, when combined with a lack of use across the entire ecosystem, might raise alerts for a welfare check.
Added security and unified data transmission with help from Blockchain: Speaking of connecting to additional parties, future IoT systems will begin to adopt a unified protocol for storing and sharing information, rather than being sandboxed within the manufacturer’s ecosystem. Blockchain will greatly impact this progression, as the security and privacy of information can increase dramatically along with the ability to scale devices and the volume of data moving through the system. Consumers are just beginning to associate Blockchain with trust and privacy, and regardless of whether they actually understand the methodology behind Blockchain, they will move toward purchasing devices that use its technology.
Increased edge computing will add to data privacy: Finally, not all information will be centralized despite added security measures and unified communication protocols. As chips get better and deep computing adopts more sparse models for neural networking, IoT devices are going to be able to do more processing and assert more insight without complete reliance on the cloud. This means that sensitive information related to IoT devices (Security Cam Footage) will not have to be transmitted, even while other data (Details of suspicious activity within that footage) is. While this will be more difficult for general consumers to understand, we may see its effects through fewer data leaks and privacy scares.
Bio -Joe Liu leads strategy and operations at MivaTek. Liu has a rich history of entrepreneurial and engineering experience. Prior to launching MivaTek, Liu co-founded and led Oplink Communications, Inc., an optical network manufacturer. When Koch Industries/Molex acquired Oplink Communications in 2014, Liu led a team of investors and purchased the Oplink Connected portfolio back from Koch/Molex, and used this technology to build upon the MivaTek platform. In his career, Liu has also served in various roles at companies including Mostek Semiconductor, Motorola Semiconductor, and National Semi. Liu holds a Master of Science degree in Industrial Engineering from California State University, Chico.
There are a number of trends that will impact the Internet of Things (IoT) for the rest of 2018 and beyond, but here are the three most significant:
IoT AI, trending to Smart Video Analytics: AI-based technology can be used to “unlock” the value of video insights and IoT data. Rather than simply using the video to collect data for viewing and observation, AI technology can be used to analyze video and provide immediate, actionable insights as well as accurately predict future trends. Examples include analysis of consumer buying behavior, improvement of manufacturing production lines, and even analyzing a patient’s susceptibility to future conditions through telemedicine.
Ownership of IoT Clouds: The IoT Cloud owner now owns consumers’ Premises Data, which is then funneled back to the cloud owner’s customer for analysis. Increasingly, service providers and brand owners will have their own cloud for premises “Big Data”; that is, data sets that are so big and complex that traditional data-processing application software are inadequate to deal with them. In other words, these large entities will no longer rely on the clouds owned by technology but, rather will have home-grown clouds of their own.
Autonomous Entities: The growth of IoT video analytics, as well as managed IoT cloud advancement, will translate to the growth of the Autonomous Home, Business, Store, Factory, and Community. This autonomous capability will allow these various entities to not only operate completely human-free but will literally require no human instruction. A great example was the opening in December 2017 of hundreds of convenience stores that have no human employees, all designed around facial and object recognition technology.
Bio -Keith Pennachio is an 18-year veteran of the telecommunications industry. With a focus on wireless communications, he began his career on the operator side of the business with Omnipoint in 1997 (now T-Mobile) and transitioned shortly thereafter to the consulting side where he has held senior executive roles in operations, sales and strategy for WFI between 2000 and 2010, where he played an instrumental role in growing the organization to nearly 3,500 employees globally.
High level thoughts on the Top ioT Trends for 2018: The greatest overarching focus in 2018 is more devices in more places and accessibility for users. There is a flood of companies developing new ioT products competing for the same consumer dollars. Products like Nest and Ring are striving to add value by adding new features, as they extend beyond the novelty of home control on your handheld device. However, there are significant gaps in cross-product integration into a single formatted user interface as it related to the ioT category
Drilling down to ioT trends for specific industries/sectors:
- Power utilities - will continue to drive efficiency in daily operations and create a safer grid. Metering sensors Remote control access/safety shut-off
- High-rise - will save money by projecting fail rates on mechanicals and add safety to systems monitored by facilities management. Mechanicals (HVAC, Elevator, Security) monitoring & management
- Residential - will aid consumers in saving money, while providing greater peace of mind that the home is safe
- Home security, A/C and systems monitoring
- Transportation - we are only scratching the surface and this area shows the greatest opportunity for growth
- Telematics devices (OBD-II port) - systems performance monitoring for maintenance
- Proactive traffic management
- Public safety
Bio -Lindsey Havens is the Senior Marketing Manager with over 10 years of experience in Marketing, Communications, Public Relations, Lead Nurturing/Generation, and Analytics.
The focus on ioT security will continue to grow in the coming years with Machine-to-machine authentication layering, biometric logins will be the set standard and AI, Big Data and machine learning will be utilized to identify and ward off data breaches.
The Global DIY Market is valued at around $43.7 Billion and could be so much greater. Currently the #1 reason people don't do DIY projects is that measurements are too complicated and that projects rarely come out the way they expected it to look.
From our research 80 percent of people did not want to do another DIY project after attempting their first one for this reason. Simply put people won't do a project if they think it’s too difficult. This causes a problem for both consumers and retailers that we solve with XR and Immersive tools..
IoT & XR allows users greater interaction with the physical world so that they are not just viewing the world virtually but also altering the corresponding points in the real world. It is the combination of immersive technologies and the ability to change the physical world around you that enables our users to change their own physical environments and see it from concept to completion.
What We Do? Our platform enables users to bring real world measurements into an app for design using XR so you can see exactly how it will look before doing the work. Our tools then take you to the points where you need to go to replicate the design in reality.
Sounds like a lot, but it’s as simple as measuring once with our tools, designing in our app, then following our product's turn-by-turn directions to real world points; eliminating the need to do any manual measuring or complex calculations. Check out www.LetsPlott.comto see how.
Integration: Making projects easy also benefits retailers. Houzz states that one million people have used the AR features in their app to date, and those who used them were “11 times more likely to purchase and spent 2.7 times more time in the app.”Retailers when integrated with our platform can create “Plott Files” so users can see exactly how a product will fit into their home with all the dimensions included. Then users can easy build the products out in their home. This integration eliminates the reason most people don't buy products from stores which is the uncertainty of how it will look and how complex they are to put together.
Bio -Johan Pedersen aligns technical capabilities with consumer needs drawing on his background of intelligent wireless devices and energy harvesting. Johan is focused on leveraging the Z-Wave wireless technology for future IoT applications, focusing on narrow bandwidth, Z-Wave offers a unique combination of low-cost, low-power and highly reliable control networking.
We predict that sensors will be the next big push that ushers in a new era of smart home technology. With recent advancements in sensor range, battery life, and processing power, sensors placed throughout the home will provide invaluable data to AI applications and smart home systems helping enable the context-aware smart home.. As sensors advance and encompass greater processing power, these ‘embed and forget’ devices will be deployable in hard to reach areas of the home such as attics, basements, behind drywall or even in furniture to collect new information about the smart home environment and enable future smart home systems to make decisions without direct interaction from homeowners
Bio -Bio -Mike, director of product innovation and channel development,
The move towards smart home automation, using IoT to achieve seamless integration: More and more, customers are demanding smart home integration that goes beyond their thermostat. In fact, the global smart home market is expected to grow more than double to $53.45 billion in 2022 compared to 2016, according to Zion Market Research. Constellation’s smart home expert,Mike, director of product innovation and channel development, has dedicated his time to advancing smart home technology to allow people to live their life with ease. The company’s latest smart home security system, Constellation Connect, uses IoT to be able to connect to more than 2,000 smart home products. This is more than any other security system out there and all thanks to IoT.
What meshing IoT with home security system can achieve through Constellation Connect: Helping parents protect their children through linking professional security monitoring, home automation and home energy management into one easy-to-use app –Constellation Connect – allowing parents to monitor air quality to protect from environmental threats, to ordering food essentials with smart refrigerators. Constellation Connectintegrates seamlessly with IoT by working with over 2,000 smart home products, including virtual assistants like Amazon’s Alexa, smart locks, thermostats, outlets, garage doors and much more.
Implementing assistive domotics – or home automation technology – empowers seniors to live safely and independently in their own homes, instead of assisted living.
Bio -Keri Lindenmuth is the marketing manager at KDG. For over 17 years, KDG has been helping businesses improve their processes, their customer experience, and their growth.
One of the biggest trends of 2018 has been security. We've seen several major hacks this year, including Spectre, Meltdown, and the recent Foreshadow. These events have forced businesses to start to look at their devices, their data, and how they use the ioT. Expect this trend to continue throughout the rest of this year and into next. A new hack is always just around the corner and there's no sure-proof way to prevent it. Businesses are going to start looking at newer, more secure ways to store their data and ways they can start educating their employees on best practices
Bio -Devin is IoT Content Marketer at G2 Crowd
With advancements in smart city technologies, the amount of interactions we’ll have with IoT devices will double year-over-year – even if you aren’t aware of it. 2018 already marked a steep rise in smart home appliances like thermostats, locks, security sensors, and more.
More embedded sensors equals more data, and more data means there will be a drastic rise in storage options. One of those options is called edge computing, which sends data from IoT devices to the edge of a network instead of the cloud. Edge computing is becoming more prominent in 2018.
IoT will lead to the evolution of the insurance industry – especially health insurance. Given that patients opt in, they may be able to customize their insurance rates will data from their smart wearable devices. These devices are already being used for more personalized care options.
Bio -Harold Li, vice president of ExpressVPN
“With the rise of IoT, the number of connected devices in our homes is exploding, many with microphones or cameras – voice assistants, smart TVs, video doorbells, even toilets. The first step to protecting our security and privacy is being very circumspect about what we bring into our homes in the first place,” –Harold Li from ExpressVPN
“Consumer should ask themselves: Do I really need my TV to have internet connectivity, or will my Apple TV or Chromecast suffice for my streaming media needs? Do I need it to be voice activated, or can I pick something without a microphone? Is this a reputable brand that I can trust to protect my data and rely on to provide security updates as needed?”
Supporting Survey DATA: 25% of Americans worry their conversations are being monitored through their smart TVs, which is in the same range of concerns with Amazon Alexa products (29%) and Google Home (25%). Another 19% have concerns with smart home security systems listening.
19% of Americans currently use VPNs to protect their privacy—of these, 60% on laptops, 54% on smartphones, 30% on tablets, 26% on routers and 26% use them with their media streaming devices increasing to 32% for millennials.
Bio -Derick Jose, Co-Founder and Chief Product Officer at Flutura Decision Sciences and Analytics has outlined some key trends in the Industrial IoT sector.
Trend-1: Reimagine IoT-powered operating models generating new revenue pools: Most IoT applications are geared towards providing operational efficiency impacting the cost side of the balance sheet – increased uptime, increased well yields, reduced risks etc. For example, Flutura is powering a “Digital Prognostics as a service” model for a major upstream OEM where instead of reacting to asset downtimes, the OEM can proactively complete remote diagnostics pwered by Sensors/IoT and in person interventions based on fault mode predictions from an AI model watching real time equipment sensor streams
Why is this important?
True game changing business models will change the market landscape for the Industrial sector. Winners and losers will be decided by the ability of these traditional industrial actors to deeply embed IoT into core equipment and processes'
Trend-2: Game changing innovations in industrial sensors to “see” blind spots: One of the primary challenges in the practical execution of IoT projects are blind spots in vital signals. For example, Flutura worked with a leading upstream OEM for rotary assets. The company realized while their asset had sufficient instrumentation – lube oil pressure, lube oil temperature, rpm, torque etc., there were critical blind spots when it came to vibration sensors and shock sensors which was a crucial signal for the deep learning algorithm to spot the sequence of anomalies leading to failure. Some specific blind spots where we will see significant innovation in 2018 are
- Sensor innovation in detecting quality of fluid/gases using optics based on differential interferometry
- Sensor innovation in detecting tamper of oil containers
- Sensor innovation in sensitive detection of gas emissions
- Sensor innovation in detecting noise anomalies close to rotating assets
- Integration of Chromatography based sensors to understand real time quality of fluid and gases
- More motion sensors and high resolutions video streams
Why is this important? Making assets and process context aware requires heightening the assets’ sensitivity to events both within them (quality of lube oil, sound anomalies etc. ) and around them ( Sulphur gas emissions, pressure). The quality of models is directly correlated to the quality of sensor streams. The better sensors get, the better the AI/IoT models become
Trend-3: Dedicated IoTSensor data “highways” will form backbone for Industrial companies: Today’s data networks are insufficient to keep up with high data transmission rates required by rising sensor density on upstream/downstream processes/assets combined with increased frequency of transmission. Companies like Sigfox and Ingenu are focused on building dedicated next generation sensor data transmission infrastructure for moving sensor data at scale from point A to point B
Why is this important? It’s like getting a dedicated lane on the national highways where you can move sensor data streams – vibration, pressure, sensors, rpm etc without sharing the “data lane” with consumer data to support machine critical upstream, midstream and downstream processes and equipment’s powering these processes
Bio -My name is Kim Smith, I am the Content Marketing Manager with GoodFirms based out of Washington DC. We are a B2B research and review platform to help businesses find the best agencies, software or consultants to tackle their business challenges.
Smart Homes: Conserving energy with smart devices installed at homes, preventing device damages as well as in-home casualties due to faulty equipments - all driven by IoT has started fascinating the consumers. This innovation of home automation and comfort also enhances security and safety of members at home.
Edge Computing takes over Cloud Computing: Rather than sending all data from the IoT gadget to the cloud, the information is first exchanged to a nearby device arranged nearer to the IoT gadget or on the edge of the system. This process, termed as ‘edge computing’, enables better dealing with the tremendous amount of data every gadget conveys. Lower reliance on the cloud enables applications to perform quicker. By having the capacity to assemble and process information locally, the IoT application expends less data transmission and works even when the connectivity to the cloud is affected.
Healthcare IoT Adoption: Devices like sensors, wearable devices, medical equipment, health monitors and an extent of other medical gadgets are set to be associated with IoT. Moreover, the health monitor applications, virtual assistants to monitor patient health at home, smart wearables and implants that communicate patient parameters, smart cars that monitor patient vitals in transit and a large group of other savvy associated gadgets are set to reshape the medical world.
Bio -Nihal Kashinath is the Founder and CEO of Applied Singularity, the app for IoT, AI, and Bio professionals.
IoT at the Edge: As the number of IoT solutions deployed grows and more and more nodes get added to IoT networks, we start to realise that the trickle of data they were producing is now turning into a torrent. There are several costs associated with sending this torrent of data to the cloud – from bandwidth to storage to processing to securing, and even to archiving it for possible use later. It is not uncommon to see large IoT networks generating terabytes of data on a daily basis.
Depending on the usecase, much of the data adds very little additional value. As a simple example, a temperature sensor could be programmed to check the ambient temperature every 30 seconds and send the value to the cloud. In the event of a fire, the temperature would rise rapidly, making this sampling rate valid. However, if there is no fire, the temperature reading would remain largely unchanged over several hours. Sending all that data to the cloud adds little value then. When multiplied over thousands of sensors in thousands of facilities, the data costs add up.
A better way to handle this is for a majority of the data processing to happen closer to the “Edge” of the network – i.e. on the device itself or at a local gateway – and only events of significance would actually be sent to the cloud. In our example, a local gateway that connects to a few hundred sensors can receive the temperature reading from each of them once every 30 seconds, check if any have registered more than 3 degrees rise in the last 1 minute or so, and send only those occurrences to the cloud for additional, timely action. For the remaining hundreds of sensors that had nothing of significance to report, the gateway can calculate the average values and send a consolidated update to the cloud at the end of a specific period. This would, of course, depend on the usecase, but in general is a good trade-off between data resolution Vs. cost. Processing at the Edge also reduces latency for real-time applications and reduces dependence on connectivity and cloud availability in emergency situations.
As chips become more powerful, consume lesser battery, and cost significantly lesser per processing unit, it will become possible to handle sophisticated algorithms on the node itself – everything from machine vision to encryption to compression, before actually sending anything to the cloud. Gateways are also being designed with their own memory and processing capability to provide significantly more flexibility and computing power at the Edge. As this trend gathers steam, the IoT of the future will be increasingly decentralised, and that makes the Edge far more critical.
Bio -Patrick Stuart, head of product & business development, of Hubitat
Voice Assistant/Smart Speaker Integration with Home Automation Platforms: Some industry analysts predict that the total worldwide installs for voice assistants/smart speakers will eclipse 100 million by the end of 2018. However, these smart devices fall short on delivering an intuitive home automation experience without the help of a home automation platform. For example, smart speakers are not capable of executing commands like, “Raise my living room blinds at 6 p.m. and lower the thermostat to 72 degrees.” Enters a home automation platform like Hubitat that can enable sophisticated tasks such as this one, allowing users to wake up, ask Alexa to start the day triggering motion lighting, thermostat, audio/video and other home automation commands.
Scene Based Living: An up-and-coming IoT trend, “scene-based living” utilizes local home automation to allow users to create customized home technology experiences or scenes for different occasions throughout their day tailored to their needs. Such as a morning scene, which would start the coffee pot, open the smart blinds and turn the morning radio show on a smart speaker. With a local solution, users have access to this automated household without the worry of issues with reliability, speed and privacy.
Local Processing vs. Cloud Processing: Data privacy is a very hot topic today – especially with the popularity and number of household smart home devices growing. Almost all “smart hubs” currently on the market process automations in the cloud, which inherently introduces issues with reliability, speed and data privacy. Combining the advantages of local processing with the power of cloud IOT connectivity can ensure personal data privacy, reliability and speed:
- Reliability: Cloud-dependent connected devices throughout your home require consistent Internet access in order to function – an Internet outage means automated devices simply can’t work.
- Speed: Cloud-based processing causes delays. Users must wait as each command is sent to the cloud and back before the device receives the command and functions. That round trip takes time and is further exacerbated if Internet latency issues exist. Eliminating that round trip means automations are very fast.
- Privacy: Cloud transactions expose personal data. Device data is constantly sent to and from the cloud, where it’s vulnerable en route.
Bio -Founder of IoTDunia.com - Started IoTDunia to empower the youth of India by providing them with great professional opportunities with Internet of Things.
M.Tech in Product Design , Good Industrial Experience in IoT and Smart City Projects.. Love to try new things in Internet of Things field.
We believe in sharing knowledge.” Our Mission “To Make Tech community aware about Internet of Things & Its Application to betterment of our Country & Individual”
Everyone wants things to be done very fast and automatic. Now a day’s each one think about controlling of things remotely via internet i.e. Internet of things(IoT).
- Unlocking massive potential of IoT
- Improved performance
- Reduced cost
- Create Innovative services
- New revenue Stream
As per “Cisco’s Study on Internet of Everything (IOE) USD 1.9 Trillion in the next decade.”
“Business Insider predicts business spending on IoT solutions will hit $6 trillion by 2021”
As IoT quickly becomes an imperative across industries and adoption continues to accelerate, companies will increasingly deliver services that generate new sustainable revenue sources while enhancing the experiences of their customers.
Thousands of businesses worldwide are already reaping IoT’s rewards, and 2018 will be the year that more companies join the IoT revolution.
IoT in India is on the rise with various large and small firms investing in it today. There are endless opportunities in IoT , right now AI/ML have the biggest opportunities in industrial IoT.
There are few applications of AI (Artificial Intelligence) in IoT like as :-
- Visual big Data
- Predictive maintenance
- Connected and remote operation
IoT sector will have exponential growth in future. Future of IoT mainly focuses on following things
- IoT security
- Industrial IoT
- IoT Product
- Smart City
- Data Analysis
- Smart Healthcare
Future IoT is very bright considering all aspect from product development, data , security , lifestyle , marketing ,banking, healthcare , all these sector will get main focus.
With this up to 2020 , there will too much skill manpower requirement in IoT industries to sustain in market.
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