Where Is IoT Headed?
Where Is IoT Headed?
As far as IoT is concerned, the future is AI, ML, DL, predictive analytics with edge computing, and cross-sensor AI/ML models.
Join the DZone community and get the full member experience.Join For Free
To gather insights on the current and future state of IoT, we talked to 23 executives involved with IoT. We asked them, "Where do you think the biggest opportunities are in the continued evolution of IoT?"
- AI/ML learning from all of the data that’s being collected.
- The value AI/DL (deep learning) brings to IoT. Smart sensors in buildings and trend analysis take effect and improve further by finding more patterns than humans can. What kind of DL patterns can we get? What model framework? Autonomous cars are route optimized.
- At its core, AI is about simulating intelligent behavior in machines of all kinds—and since IoT is about connecting those machines, there is a clear intersection between AI and IoT. The benefits for businesses will be transformational. Given the power and scalability of AI solutions, tasks that used to take humans weeks or months to complete will be actionable in minutes or seconds.
- 1) Continue to work on pilots and use cases to achieve business results. Service is moving to predictive on-demand work. Look more deeply to minimize downtime and service costs. AI/ML/predictive optimizes uptime while reducing costs. Long-term there’s a foundation for transferring to more holistic business models where you are connected to the supply chain to meet demand in real time. Custom products will be created and shipped with autonomous vehicles. Energy, infrastructure, large manufacturing will be using microgrids for generation and distribution. This will impact how we plan for improving infrastructure and having a smarter infrastructure.
- While there may be more share of mind in the consumer sector, there are greater opportunities for revenue in industrial/enterprise – factory floor, remote monitoring.
- Meet people where they are without network or business boundaries.
- Accelerating growth. Ubiquitous access via the cloud.
- Innovations in battery technology so you reduce the frequency of recharging. MCU providers with low currents and voltages.
- New experience and business model. Rely on IT companies to ensure the system works, is secure, and able to manage lifecycles from five to 15 years. Customers are confused by the complexity of it all, including the providers. We will see consolidation by the best of breed solution providers that clients can trust.
- Integration across devices whereby there is a standard identifier for each individual so that each individual sees real value from the IoT devices with which they interact.
- As the IoT revolution continues to gain momentum and each year sees exponential device growth, the opportunities are seemingly endless. From a consumer perspective, IoT development should continue to fuel automation that furthers everyday life conveniences – from smarter refrigerators that know when you’ve run out of certain products, to automobiles that sync to online calendars to know exactly which appointments they should be driving to. From an industrial perspective, connected sensor technology should continue to be developed and deployed in items such as electricity meters, traffic lights, street lights, etc., in order to lead society into a smarter and more sustainable way of operating. As IoT devices become more pervasive in everyday lives, having a sound approach to security becomes increasingly critical. However, for the public to take IoT security seriously, it may require something similar to what happened in the late 1990s when the world’s PCs began connecting in scale to the Internet due to the introduction of low-cost broadband connections. This, in turn, led to the widespread proliferation of viruses and malware, which gave rise to a completely new industry of AV. But, the AV market didn’t truly develop until there were a series of headline-grabbing virus attacks that created havoc. That same scenario may well play out today, but with the difference that today’s attackers have the owners of billions of web-connected devices at their disposal, combined with advanced AI to generate attacks that the hackers of the 1990s couldn’t begin to imagine. As it did in the late ‘90s, there will be considerable opportunities not just for the hackers, but for the device manufacturers and security vendors who are able to best and most effectively respond to these threats and provide protection for their customers.
- I'm concerned with connectivity. LARA, SigFox, cellular are getting better. We need communications protocol standards for easy, global connectivity.
Here’s who we spoke to:
- Adam Fingerman, CXO and Co-founder, and Troy Petersen, Marketing Director, ArcTouch
- Andreas Pettersson, CTO and CPO, Arcules
- Sean Grundy, CEO and Founder, Bevi
- Jeff Bonnell, V.P. of Industry Solutions, Coresystems
- Eli Feldman, CTO, Advanced Technology, EPAM
- Brent Pietrzak, V.P. Producer Solutions and Strategy, Flexera
- Scott Allen, CMO, FreeWave
- Mark Herring, CMO, Tim Hall, V.P. of Products, Brian Mullen, V.P. of Business Development, InfluxData
- Dipti Borkar, V.P. of Product Marketing, Kinetica
- Crystal Valentine, V.P. of Technology Strategy, MapR
- Jesse Robbins, CEO, Orion Labs
- Lars Knoll, CTO, Qt
- Olivier Pauzet, V.P. and General Manager IoT Solutions, Sierra Wireless
- Jens-Ole Graulund, CTO, Spiio
- Monte Zweben, CEO, Splice Machine
- Shawn Reynolds, CMO, Telit
- Yu Xu, CEO, TigerGraph
- Ray Wu, Founder and CEO, Wynd
- Alex Kubicek, CEO, Understory
- Jeff Finn, CEO, zvelo
Opinions expressed by DZone contributors are their own.