In addition, CIOs should ensure they have the necessary skills and partners to support key emerging IoT trends and technologies, as, by 2023, the average CIO will be responsible for more than three times as many endpoints as this year.
Armed with developments in connected technology and hyper location-specific data businesses will continue to implement sophisticated strategies in 2018. Whether it's incorporating geospatial technology in smart cities geomarketing in the retail industry or data conveying local dispositions in the CRE market IoT is reshaping the way industries are thinking about the importance of location.
As we rely on connected devices to make our lives better and easier in 2018, security is a must. All participants in the IoT ecosystem are responsible for the security of the devices, data and solutions. This means that device manufacturers, application developers, consumers, operators, integrators and enterprise businesses should all follow best practices.
But other than making your home a little bit smarter, what are some other exciting mobile IoT solutions that are being created for both the personal and work lives? Take a look at the great infographic we created about what trends you can expect to see in the near future.
The expansion of the Internet of Things (IoT) has added innumerable new sources of Big Data into the Data Management landscape and will be one of the major Big Data Trends in 2018 and beyond. Laptops, smart phones, sensors on machines, all generate huge amounts of data for the IoT.
Organizational decision-making is currently undergoing a shift which will continue into 2018. In 2017, the goal of processing Big Data promoted ever-increasing efficiency and steadily decreasing costs. In turn, this has made the use of Business Intelligence, based on Big Data, more important to small and medium-sized businesses, and even start-ups. This trend will continue into 2018, and beyond, with the cost of processing Big Data continuing to drop. Expect the following:
In 2018, as more people become familiar with Cloud applications, specialization and niche work will evolve, just as it has in every other industry. This, in turn, will create additional research options and more competition within the industry. Data Scientists with a specialization, such as retail sales, or regional growth, will gradually become the norm.
In 2018, consumers and business-owners will profit from an increase in sensors and data coming from various customer-owned devices. The IoT gathers information and allows businesses to market their products more efficiently to prospective customers. Tech-savvy companies have begun investing in sensor-based analytics, which will allow them to track the areas in their stores trafficked most by customers.
New internet security challenges will become a problem in 2018. It is predicted hackers will seek to access the IoT for destructive purposes. In October of 2016, hackers crippled large sections of the internet by using the IoT to carry out the attack.
Machine Learning is a training process for computers, which is currently being used by organizations for a variety of activities, such as real-time ads, pattern recognition, fraud detection, and healthcare. But in 2018, it will be smarter, faster, and more efficient.
As businesses realize the importance of developing a cyber security program, AI will become more popular. A well-constructed AI defense system can process years of attack history and learn various attack and defense strategies. It can create a baseline of normal user behavior, and then search for anomalies, much faster than a human. This is significantly less expensive than maintaining a team of security professionals to deal with daily cyber-attacks. AI can also be used to develop defense strategies. Expect AI to become more heavily involved with Cyber Security in 2018 as well.
It is 2018 and there are high expectations from smart building technologies. 2018 would see the continued growth in the usage of Internet of Things (IoT) Industry because IoT has proliferated. People are ready to embrace significant innovations and changes especially when it comes to commercial buildings as the IoT industry is maturing.
Smart buildings and smart cities are continuously transforming how people carry out their activities on daily basis. Smart cities which are expected to kick off in 2018 will see facilities like street light and parking meters which are connected to commercial buildings, connected to the internet. At present, some cities have started implementing the smart city approach by connecting everything about their community to the internet.
A new trend that is expected in 2018 is the use of predictive maintenance in facility management. Predictive maintenance makes use of IoT sensors and other hardware devices to get a report on the state of a commercial building and all equipment in it.
The IoT trend in maintaining commercial buildings and IoT Smart Buildings is on the rise and we would see that increasing in 2018. The first step to implement an IoT solution is understanding what some of these trends are and how it can be implemented in your facility.
By 2025, IoT is expected to reach a staggering 75 billion devices. As a technology that is impacting every conceivable industry, one can expect numerous IoT investments and adoptions by major enterprises. But there may also be potential data breaches as well as security issues. In 2018, IoT is expected to have a steady growth, but here are five significant trends to look out for:
These are some of the trends which would be dominating the IoT ecosystem for the coming years. The hospitality industry is already deploying major IoT solutions for travel, and other industries are fast following suit. The great advancements will definitely push the boundaries of IoT, making it more friendly and intuitive. As enterprises work harder on reducing the challenges of network security, IoT sure has a promising future.
One of the most popular attack and infection vectors against devices remains cracking Telnet passwords. In Q2 2018, there were three times as many such attacks against our honeypots than all other types combined.
On June 8, 2018, a proof-of-concept was published for the CVE-2018-10088 vulnerability in the XionMai uc-httpd web server, used in some Chinese-made smart devices (for example, KKMoon DVRs). The next day, the number of logged attempts to locate devices using this web server more than tripled. The culprit for this spike in activity was the Satori Trojan, known for previously attacking GPON routers.
In 2018, many industrial companies began exploring the implementation of blockchain technology in their supply chains. According to a report from Deloitte, the blockchain industry is expected to grow from a $.2 billion industry in 2016 to a $2.3 billion industry by 2021.
Throughout 2018, AI and other automation technologies also played a major role in the evolution of the modern supply chain, with AI, autonomous robots, and other automated technologies all seeing higher investments. AI and machine learning technologies are not just being used to take over more repetitive, tedious tasks that were once done by humans, but also to help people to work more efficiently.
AI has proved especially effective for last-mile delivery. Throughout 2018, several innovations in this area were brought to market. For example, some companies are testing the use of self-driving vehicles for order delivery, and an Estonian company recently unveiled a delivery robot that can not only drive a delivery to its destination, but also place it in a special drop box, completing the entire last-mile delivery process without the need for human intervention.
5G is the wildcard. Still under development in 2018, the technology which promises a new era of connectivity through its massive bandwidth and extremely low latency, is now heavily promoted by governments, particularly China. The Chinese government views 5G adoption as a competitive asset in the quest to move the equilibrium of technological innovation from the US and Europe towards China.
It remains to be seen if those moves from cloud to hardware will pose a threat to some of the existing hardware players e.g., gateway providers or chip makers. IoT Analytics will continue to monitor this and other trends.
(3) The collaboration between AI and the IoT will be closerThe Internet of Things will forge closer connections with the Artificial Intelligence technology in 2018. AI will be powering up IoT projects by collecting relevant data, analyzing it, and extracting insights to enhance the customer experience and boost operational efficiency. The amalgamation of these technologies is poised to make devices and applications more powerful than ever.
(7) Healthcare innovations will be the mainstay of the IoTThe benefits of the Internet of Things will extend beyond business enhancement as the technology will focus on bringing life-saving healthcare innovations in 2018. The future of healthcare IoT looks extremely bright as it will help the industry to extend better patient care in more than one ways. The technology will enable better record-keeping, optimization of workflow, continuous patient monitoring, effective appointment scheduling, and much more.
Conclusion2018 is going to be a milestone for businesses as most of them will aspire to adopt the Internet of Things as a part of their existence. Besides this technology, the cloud, AR/VR, AI, and more will be a necessity and not an option in the time to come. Therefore, timely adoption of these technologies is needed to stay in the race. But a digital transformation is easier said than done for any organization as it requires a robust digital strategy to drive the change.
At Orange Mantra, we are a reliable digital partner that caters expertise in innovative technologies such as the IoT, AI, Blockchain, AR/VR, and more. We follow the latest trends in web and mobile app development and extend expert digital marketing services as well. Choose us as your technology partner to give you an intuitive interface as well as build an impactful brand presence online for your business. 2b1af7f3a8