Executive Perspectives' On The Future of IoT
Analytics on the edge, machine learning, and deep learning offer tremendous opportunities for all verticals - especially healthcare and automotive
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To gather insights for DZone's 2016 Internet of Things (IoT) Research Guide, scheduled for release in June, 2016, we spoke to 18 executives, from 16 companies, who develop IoT devices or help clients do so.
Here's who we talked to:
Craig McNeil, Managing Director of IoT, Accenture | Prathap Dendi, General Manager, AppDynamics | Aaron Lint, Vice President of Research, Arxan | Suraj Kumar, General Manager, Digital as a Service, Axway | Rod McLane and Justin Ruiz, Marketing, Ayla Networks | Paul Hanson, CEO, bbotx, Inc. | Mikko Jarva, CTO, Comptel | Brad Bush, COO, and Jeanette Cajide, VP of Corporate Development, Dialexa | Scott Hilton, Executive Vice President Products, Dyn | Anders Wallgren, CTO, Electric Cloud | Mathieu Baissac, Vice President Product Manager, Flexera | Darren Guccione, CEO, Keeper Security | Tony Paine, CEO, Kepware | Johan den Haan, CTO, Mendix | Joan Wrabetz, CTO, Quali | Tom Hunt, CEO, Windspring
Here’s what they told us when we asked, “What’s the future of IoT from your perspective?”
- IoT will understand context from human beings in the environment via machine learning. The devices will never replace humans but they will free humans up to do what they do best. Give users something that allows them to create their environment with off-the-shelf solutions.
- We’ll see. We are NOT relying on the end user to perform updates since we already know they will not. We’ll see a lot more from large established vendors with hardware (e.g., Apple Watches and Pebble). Large players making things happen in the space and creating new technologies, like Arduino, that enable startups to get going with Kickstarter campaigns. We’re a couple of years away but we’ll see the democratization of the software process. It’s at a nascent stage.
- We're going through the storming, forming and hype to the real apps that solve business problems, specific apps in specific verticals. Most important are autonomous cars, energy and healthcare. All will see greater efficiency at lower cost.
- We don’t do individual devices, we take a bunch of devices ban them together in a profile. The number one device is a smart watch or a wireless router. Using this device for second factor authentication is desirable.
- It’s maturing to the Internet of Experience in combination with data analysis, machine learning, and deep learning. We will have smart apps that: 1) are aware of the environment; 2) store all historical data, analyze and predict; and, 3) use the information to provide a proactive user experience. Smart, proactive devices.
- One of the most exciting and fastest growing areas for IoT technology is the automotive industry. An automobile itself has large number of sensors and systems that can be thought of as an IoT network on the go. Additionally, customers are looking to engage with the automobiles via voice commands and with their mobile phones. With an ever increasing number of electronic controls, mechanics are looking for information from IoT connect devices to proactively detect and diagnose issues in the automobile.
- Smart help and smart cities are long-term opportunities leveraging IoT and big data computing on the edge to enable and automate smarter decisions.
- With more data there’s more opportunity to add value, and save money, in industrial settings like building management, and transportation management.
- Service products better. Building the next generation of smart/connected devices. Get information from the equipment you sold making it easier to troubleshoot and diagnose remotely. Reduce costly downtime. Understand how customers are leveraging your platform so you know where to invest in the future.
- There are two faces to IoT. M2M is where B2B transpired. Seeing verticals like utilities collecting data from remote locations. Solar owners want to know how much energy they’re putting back to the grid. Healthcare is a giant with beacon structure putting medicine in the hands of the patient and transmitting to the physician enabling the physician to track and manage health without seeing the patient is huge. Society is aging, people are living longer and want to remain independent. IoT facilitates all of this.
- Endless. I see opportunities in all the verticals though most of our business is in transportation, spaces and operations. Health is booming in India where something is better than nothing and they do not have the regulations we have in the U.S. Industrial continues to grow as 95% of the Fortune 500 plan to use IoT in the next three years. Places with a lot of instrumentation already in place (e.g., oil and gas, utilities) are positioned to grow more quickly. Devices are coming online more quickly. Power consumption is down, greater range, better batteries. As we have more technological advances we’ll see more phenomenal growth.
- Enterprise-oriented use cases. Third-party certification becomes more important since IoT has a lot of sensors from a lot of different sources. Cisco Labs has a sandbox we run for developers to test their devices with Cisco. Qualcomm's core network capabilities provide a service where developers can test and validate against the network.
- Standardization is the biggest problem with chip sets and operating systems. Give everyone a common set of tools for easily implementable security that removes abstractions and lowers the cost of security implementation.
- Smart home segment. Many other opportunities but fully consumed with HVAC, locks, refrigerators, and smoke detectors, particularly in Asia and Europe.
- Enterprise in general is becoming more of a service economy and selling with the cloud on top. The service economy is on top of the hardware.
What's the future of IoT from your perspective?
Opinions expressed by DZone contributors are their own.