Top 10 Trends in Internet Things to 2023
- Nov 22, 2018
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Gartner, a technology research and advisory company, announces the study of the key strategic trends in Internet Technology of Things (IoT) that will drive innovation in digital business by 2023. The forecasts are in the global study "Top Strategic IoT Trends and Technologies Through 2023 ".
"IoT will continue to provide new opportunities for digital business innovation over the next decade and new possibilities will be provided by new technologies or enhanced technologies," said Nick Jones, vice president of research at Gartner, warning that "executives who dominate innovative IoT trends will have the opportunity to lead digital innovation in their business. "
Companies should work to ensure they have the skills and partners they need to support key IoT trends and emerging technologies. According to Gartner, IT leaders will be responsible in 2023 for three times more endpoints than the number of devices in their organizations today.
In this context, Gartner announces the 10 most strategic IoT technologies and trends that will allow companies to generate new revenue streams and new business models:
1 - Artificial Intelligence (AI) - Gartner predicts that 14.2 billion connected devices will be in use by 2019. This total will reach 25 billion devices by 2021, producing an immense volume of information. "Data is the fuel that strengthens the Internet of Things, and organizations' ability to create value from this information base is what will define their long-term success," says Jones. "Artificial Intelligence will be applied to a wide range of IoT information, including video, static images, speech, network traffic activity and sensor data." According to the analyst, the technological landscape of Artificial Intelligence is complex and will continue until 2023, with many IT vendors investing heavily in the development of Artificial Intelligence and services based on intelligent platforms. Despite this complexity, it will be possible to obtain good results with these technologies, in a wide range of IoT situations. As a result, Chief Executive Officers (CIOs) should adopt in their organizations tools and skills to exploit Artificial Intelligence in their IoT strategy.
2 - Social, legal and ethical IoT - As IoT matures and becomes widely adopted, a huge range of social, legal and ethical issues will grow in importance. These points include data ownership and deductions made from them, including algorithmic bias, privacy, and compliance with new laws such as the General Data Protection Regulation (GDPR). "The successful deployment of an IoT solution requires that it not only be technically effective but also socially acceptable," said Jones. "CIOs should therefore educate themselves and their employees about it and consider forming groups, such as Ethics Councils, to review corporate strategies. CIOs should also consider having key algorithms and artificial intelligence systems reviewed by external consultants to identify potential biases ".
3 - The Infomation and Data Transmission - Gartner's research on IoT projects shows that 35% of respondents were selling or planning to sell data collected for their products and services last year. The Infonomics theory takes this monetization of data further, putting the information as a strategic business asset to be recorded in the company accounts. By 2023, buying and selling IoT data will become an essential part of many intelligent and connected systems. CIOs should educate their organizations about the risks and opportunities related to data trading to define the IT policies needed to guide all of their operations in this area.
4 - The Change of the Intelligent Edge Network for Intelligent Mesh Architecture - The shift from centralized and Cloud architectures to Edge Computing structures is in full swing due to the Internet of Things. However, this is not the end point, since the set of layers associated with the Edge Computing architecture will evolve into an even more unstructured format, composed of a huge variety of devices and services connected in a dynamic mesh. With Edge Computing, we will have more flexible, intelligent and responsive IoT systems, though often at the expense of additional complexities. CIOs must prepare for the impact of mesh architectures on IT infrastructure, skills, and supply.
5 - IoT Governance - With the continual expansion of the Internet of Things, the need for a governance structure that ensures appropriate behavior in creating, storing, using, and deleting information related to IoT projects will become increasingly important. Governance ranges from simple technical tasks such as device audits and firmware upgrades to more complex issues such as device control and the use of information generated by them. CIOs should take on the role of educating their organizations on the importance of IT Governance and, in some cases, investing in professionals and technologies that help them in IT management.
6 - Sensor innovation - The sensor market will evolve continuously by 2023. New sensors will allow an even wider range of situations and events to be detected. Current sensors will fall in price to become more accessible (or packaged in new ways to support new applications) and new algorithms will emerge to extract and deduce more information from current sensor technologies. CIOs must ensure that their teams are monitoring the transformations of these components to identify what news can help in generating opportunities and in business innovation.
7 - More reliable hardware and operating system - Gartner research invariably shows that security is the area of greatest technical concern for organizations implementing IoT systems. This is because companies generally have no control over the origin and nature of the programs and equipment being used in the Internet initiatives of Things. "However, by 2023, we expect to see the deployment of hardware and software combinations that together create more reliable and secure IoT environments," says the analyst. "Gartner advises CIOs to collaborate with key digital security executives to ensure that the entire team participates in decisions that involve the purchase of IoT devices and embedded operating systems."
8 - New user experience for IoT - The IoT (UX) user experience will encompass a wide range of design technologies and techniques. It will be driven by four factors: new sensors, new algorithms, new architectures of experience and context, and new detectable social experiences. With a growing number of interactions occurring with devices that do not have screens and keyboards, organizations' UX designers will be forced to use new technologies and adopt new perspectives if they want to create positive experiences for users while protecting their interests from customers.
9 - Silicon Chip Innovation - "Most IOT device endpoints currently use conventional processor chips with low power ARM architectures that are particularly popular." However, traditional instruction sets and memory architectures are not suitable for all the tasks these items need to perform, "says Jones. "For example, the performance of deep neural networks (DNNs) is often limited by memory bandwidth, rather than processing power." By 2023, new generations of chips are expected to reduce the power consumption required to run a DNN, enabling new Edge Computing architectures and neural functions built into low-power IoT terminals. This will support the inclusion of new features, such as integrated data analysis with sensors and speech recognition, on low-cost, battery-powered devices. CIOs are advised to take note of this trend as the new chips will allow new embedded AI functions to be added, which in turn will give organizations the opportunity to create highly innovative products and services.
10 - New wireless network technologies for IoT - The IoT network involves balancing a set of competing requirements such as endpoint cost, power consumption, bandwidth, latency, connection density, operational cost , quality of service and connection frequency range. Currently, no network technology optimizes all this in a unique way, but IoT's new network technologies will give CIOs more options and flexibility. In particular, they should explore 5G, the next generation of low-Earth orbit satellites and backscatter networks.