17 Experts: The Most Exciting IoT Trends to Watch for in 2018
17 Experts: The Most Exciting IoT Trends to Watch for in 2018
Edge computing, blockchain, and the introduction of AI and Machine Learning to IoT development are the most exciting trends to watch out for, these experts say.
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Needless to say, IoT is one of the most talked about technologies in 2017. Unlike most other technologies, IoT has had a visible impact on various industries and business functionality in just a matter of few years
According to Statista, the global IoT market is forecast to be valued at more than 1.7 trillion U.S. dollars.
TechJini asked 17 popular industry experts the question, "What, according to you, is the most exciting IoT trend to watch for in 2018?"
What follows are their answers…
1. The most exciting IoT trend to watch out for in 2018 is the use of blockchain technology to accelerate transactions, ensure trust, and reduce costs.
I think the most exciting IoT trend to watch out for in 2018 is the use of Blockchain technology to accelerate transactions, ensure trust, and reduce costs. The Internet of Things, (IoT), is such an exciting yet complex ecosystem. If you’ve been to any conferences this year you’ve witnessed IoT discussions center-stage, and security concerns paired with this next wave of innovation humanizing every object in our lives. The number and variety of IoT solutions has exploded as the industry has evolved providing sensing, processing, storage, and communication.
We know that IoT is pregnant with promises to potentiate and expand business processes, providing speed to innovation and growth. However, with billions of connected devices, security concerns are mission critical for risk mitigation. Many experts believe that Blockchain technology is the missing link to ameliorate privacy, security and reliability challenges in the IoT. Blockchain and IoT were the hottest pair on-stage while I was speaking at SAP’s Leonardo Live conference in Chicago. It appears that Blockchain just might be the magic wand the IoT industry can waive to address serious security consideration, (think DDoS attacks and Mirai).
In short, blockchain technology can be employed to trace billions of connected devices, process transactions, and offer huge savings to IoT industry manufacturers. This is a decentralized approach eliminating single points of failure, creating quite a buoyant ecosystem for devices to run on. Harnessing the power of cryptographic algorithms, Blockchains make consumer data private, hence the increase in trust and reliable authentication.
Blockchain ledgers are tamper-proof and safe from malicious actors because the data does not exist in any single location. Blockchain has already proven its viability in the financial services vertical through cryptocurrencies like Bitcoin. The removal of third-party brokers through providing secure peer-to-peer transactions is certainly disrupting another industry… FinTech.
2. Smart clothing and devices as well as products used in smart homes
I think the most exciting trend for IoT in 2018 is the advancement in smart clothing and devices as well as products used in smart homes – I very much believe that they will make a positive impact in the world, and make life more efficient and connected – as long as the proper protocol, security, and thought go into the human factor element and risk.
Shira Rubinoff is President at SecureMySocial
3. The expansion of VoiceFirst solutions
The most exciting IoT trend to watch in 2018 is definitely the expansion of VoiceFirst solutions. With the exploding consumer acceptance of digital assistants, every industry will be impacted by the ability to shop for, purchase and use products and services with voice commands. The removal of friction from the consumer experience will be the objective, combining AI and digital voice technology to deliver personalized experiences. Beyond 2018, we will begin to see proactive digital concierge solutions, bypassing the need to ask questions to receive contextual recommendations.
4. Weaving in AI and voice tech are two examples of how IoT will spark a world of new services
IoT is the great enabler. Weaving in AI and voice tech are two examples of how IoT will spark a world of new services. Expect even more IoT magic in 2018.
Glen Gilmore, Strategic Consultations in Digital Marketing & Transformation.
5. The continued proliferation of voice-based services
One of the most exciting IoT trends to watch out for in 2018 is the continued proliferation of voice-based services, which will most certainly have an impact on a consumer’s day-to-day life. We are already seeing growing adoption of virtual assistants such as Amazon Alexa and Google Home.
Implemented properly, the integration of such connected devices and artificial intelligence has the potential to transform the lives of millions of older Americans, enabling richer experiences and a safer independent living environment.
Theodora Lau, leads the financial services vertical in AARP’s Market Innovation group
6. Increasing growth in innovative IoT uses and a blending of mobile, cloud, Big Data, and IoT technologies
I believe the most exciting trend of oT in 2018 is the speed of acceleration and breadth of choice we are going to see appear. We are going to see an accelerated rate of release of new IoT devices and uses and with this a competitive pressure on pricing, especially in the consumer space. We will see increasing growth in innovative IOT uses and a blending of mobile, cloud, Big Data, and IoT technologies.
7. P2M, M2P, and M2M devices will become smarter and capable of managing events without being programmed for it.
We are living in an exciting and faster world that becomes smarter each day. The Internet of Things is not immune to this evolution. I think 2018 can be the starting line of Artificial Intelligence integrated into IoT devices using chips with low-level instruction sets and devoted to becoming “self-aware” sensors that are capable of recognizing and managing signals in a smart way when compared to actual sensors that respond based on a programmatic way.
In other words,P2M, M2P, and M2M devices will become smarter and capable of managing events without being programmed for it.
Antonio Grasso, Founder & CEO of Digital Business Innovation Srl.
8. IoT will be dominated in 2018 by the growth of edge computing systems as rollouts of the technology in the field becomes more complex and larger scale
The evolution of IoT will be dominated in 2018 by the growth of edge computing systems as rollouts of the technology in the field becomes more complex and larger scale. Edge computing represents cutting-edge hardware, software, and services co-located at IoT endpoints that make the technology far more efficient, scalable, secure, and manageable. It will also make IoT solutions much smarter by the enabling the deployment of machine learning and artificial intelligence capabilities much nearer the point-of-use that will enrich and optimize what’s possible. Edge computing will help make IoT rollouts more integral and core to the way businesses work in a major way next year.
Dion Hinchcliffe is an internationally recognized business strategist, enterprise architect, transformation consultant, futurist, analyst and in-demand keynote speaker. He is widely regarded as one of the most influential figures in digital experience, social business, digital strategy, and enterprise IT.
9. The next year will also see a significant penetration of IoT devices in the household and everyday life.
The IoT revolution has just begun. In 2018, companies across industries will deploy IoT technologies, and their devices and equipment will be connected. We will see a lot of data being generated and solutions will start emerging that use the data to make better decisions.
With the coupling of Machine Learning and AI, by the end of 2018, we will see a lot of solutions that can make these decisions smarter without human intervention.The next year will also see a significant penetration of IoT devices in the household and everyday life.
10. Excited to see how machine learning will improve insights gained from IoT
I am very excited to see how machine learning will improve insights gained from IoT as well as how blockchain might be leveraged to secure IoT communications in 2018.
Eric Vanderburg, Cybersecurity, Privacy, and Tech Leader, Author, Consultant, and Speaker, VP, Cybersecurity tcdi.com
11. Integration of Artificial Intelligence techniques like Deep Learning for an improved IoT experience is the key
Integration of Artificial Intelligence techniques like Deep Learning for an improved IoT experience is the key. Traditionally, in IoT, the predictive analytics and/or preventive maintenance of devices has been done by analyzing the data in the cloud. However, that may not always be possible with large amounts as well as streaming data arriving from the edge devices. Making edge devices smarter will be critical. The prediction rules may be discovered a priori in the cloud and these lightweight rules can be deployed on the edge devices. Secondly, Deep Learning techniques have been known to require lots of training data which may act as a constraint for certain industry verticals. Advancement in Deep Learning algorithms in this regard such as the recent “capsule” networks will make IoT application easier.
Dr. Manjeet Rege, Associate Professor of Graduate Programs of Software at the University of St. Thomas
12. 2018 will provide a big leap forward towards realizing the promises of IoT
“The most exciting IoT trend for 2018 is companies starting to take a step back and focusing on their IoT product strategy as opposed to just jumping on the latest technology trend. Companies large and small realize IoT has big potential, but they are also realizing how complex it is. Technology trends are interesting for sure, but by themselves, they don’t guarantee the success of a product or company. If this trend continues, 2018 will provide a big leap forward towards realizing the promises of IoT.”
Daniel Elizalde, Founder of TechProductManagement.
13. The big trend for IoT in 2018 is security and resilient at the edge.
The big trend for IoT in 2018 is security and resilience at the edge. This is already happening as IPv6’s end-to-end network model applied to the Internet of Things (IoT), Operational Technology (OT), and the IPFS (InterPlanetary File System). Expect analytics and machine learning at the edge by the end of 2018.
Joe Klein, Founder and CEO at Disrupt6
14. 2018 will be the year where IoT solutions become available to even the smallest of businesses
2018 will be the year where IoT solutions become available to even the smallest of businesses, making the IoT deployments available to the ‘long tail’. The simplicity of connectivity and integration with cloud and analytics capabilities make IoT solutions profitable and practical.
Vernon Turner, Senior Vice President, & Research Fellow (The Internet of Things)
15. We should look at 2018 in all of these exponentially-growing technologies
The Internet of Things represents an emerging reality where everyday objects and devices are connected to the Internet, most likely wirelessly, and can communicate with one another at some intelligent level. It’s here today in the devices, sensors, cloud infrastructure, data and business intelligence tools you are already using.
We should look at 2018 in all of these exponentially-growing technologies — artificial intelligence, robotics, nanomaterials, biotech, bioinformatics, quantum computing, Internet of everything — these files that are going to transform everything we have. However, it is not just an IT industry phenomenon. PayPal, Netflix, Skype and Uber were also once dismissed as toys, and in recent years, the number of technologies in the toy phase has risen sharply: 3D printers, digital cash, self-driving cars, smartwatches, Internet TV, 3D goggles, robots, smart clothing, massively open online courses (MOOCs), drones, expert systems, do-it-yourself medical tests, the quantified self, artificial intelligence and more. It is just the beginning.
Raj Kosaraju, CIO of Maxil Technology Solutions Inc. based in Chicago
Council list member: https://www.theinternetofthings.eu/
You can connect with him on Google+
16. Looking forward to a year of IoT realism
At LSP Digital, we are looking forward to a year of IoT realism. IoT and connected topics are on top of Gartner’s "peak of inflated expectations," and we see signs of this all over the market. For 2018, let’s forget about the forecasts of billions and billions of connected things. Let’s focus on improving the concrete applications that fulfill real business needs today, innovate on both the tech and the business models that deliver on those needs and be realistic about the upsides, risks, and time-to-market!
Florian Hollender, Director IoT Practice LSP Digital
17. Most Exciting IoT Trend in 2018 would be use of IoT outreach at Grassroots to solve unserved Communities
To my understanding, the most exciting IoT trend in 2018 would be the use of IoT outreach at the grassroots level to solve unserved communities. This is the issue for the developing world: the use IoT in agriculture, education, and Health. This would be a mixture of the IoT vector and the needs of the masses. Here comes money for IoT vendors, so this should be a win-win situation for all, including governments.
Ammar Jaffri, CEO at IOT-center Pakistan
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